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Element Fleet Management posts Q4'17 financial results

Element Fleet Management Corp. reported fourth-quarter 2017 after-tax adjusted operating income of C$82.1 million, or 19 Canadian cents per basic share.

The S&P Capital IQ consensus normalized EPS estimate for the period was 20 cents.

The company had fourth-quarter 2017 after-tax adjusted operating income from continuing operations of C$79.4 million, or 18 cents per basic share, compared with C$68.6 million, or 15 cents per basic share, in the year-ago quarter.

Full-year 2017 after-tax adjusted operating income from continuing operations was C$317.7 million, or 72 cents per basic share, compared with C$323.5 million, or 74 cents per basic share, in 2016.