Company Reports 12.8% Revenue Growth, 42.6% Operating Margin
1 report, 1 independent
Updated Thu 00:00
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What happened
A company reported total revenue of $780.1 million, marking a 12.8% increase year over year. Adjusted earnings per share rose 33.6% compared to the prior year, reaching $6.13. The company also reported adjusted free cash flow of $764.1 million on a trailing 12-month basis.
From fool.com
Why it matters
The growth was supported by Mobility Revenue, which grew 20.6%, and Benefits Revenue, which increased 4.8%. The adjusted operating margin expanded to 42.6%, driven primarily by increased fuel prices during the quarter.
From fool.com