WEX Q3 revenue up 26% to $482.8M, adj EPS $2.45 (+54% YoY); guides Q4 above expectations

WEX Inc.

2021-Q3 EPS reported $0.26 revenue$1,353,004,000

Revenue $482.8M (+26% YoY); GAAP net income $48.3M ($1.07/sh) vs loss $65.8M (-$1.49/sh) a year ago.
Adjusted net income $111.1M ($2.45/sh) vs $70.9M ($1.59/sh) YoY, up 54% per share.
Total purchase volume hit all-time high of $26B, up 93% YoY; Travel & Corporate Solutions volume +172%.
Q4 guidance: revenue $468M-$483M, adj net income $102M-$111M ($2.25-$2.45/sh); full year adj EPS $8.81-$9.01.
Robert Deshaies appointed COO Americas; Scott Phillips, President Global Fleet, to leave Apr 1, 2022.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Scott Phillips

President, Global Fleet

WEX · WEX Inc.

Effective: 2022-04-01
Filed: October 28, 2021, 7:59 PM ET

Scott Phillips, President, Global Fleet, will leave WEX on April 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Phillips departed as President, Global Fleet at WEX Inc..

Action: will leave
Role: President, Global Fleet

Exact text from the filing

Scott Phillips, President, Global Fleet, will leave WEX on April 1, 2022.

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WEX Inc. filing history →

Source: SEC EDGAR

accession 0001157523-21-001267

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