secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001157523-22-001407
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q3 revenue record $616M (+28% YoY), adjusted EPS $3.51 (+43%); board boosts buyback to $650M
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- Total revenue of $616.1M, up 28% YoY; total volume $57.5B (+41% YoY).
- GAAP net loss of $1.00 per diluted share vs gain of $1.07; adjusted net income of $3.51 per diluted share (+43%).
- FY2022 guidance raised: revenue $2.302-2.312B, adjusted EPS $13.24-13.34.
- Board increased share repurchase authorization from $150M to $650M, shortened to Dec 31, 2025; $575M remaining.
- Q3 repurchased 434,582 shares for ~$69M; YTD repurchases total $225M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000115752322001407/0001157523-22-001407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000115752322001407/a52953029.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001407

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