secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001157523-23-000219
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q4 2022 revenue $618.6M (+24% YoY); adj EPS $3.44 beats guidance; FY23 outlook strong
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- Q4 GAAP net income $88.7M ($2.02/diluted) vs loss of $11.8M a year ago; adjusted net income $152.8M ($3.44/diluted), up 33%.
- Full year revenue $2.35B (+27%); adjusted EPS $13.53 (+48% YoY). Adjusted free cash flow $782.4M.
- Q1 2023 guidance: revenue $600-610M, adj net income $3.15-$3.25/diluted. Full year 2023: revenue $2.43-2.47B, adj EPS $13.55-14.05.
- Total volume rose 45% to $212B; travel purchase volume up 57%; health SaaS accounts grew 14% to 18.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000115752323000219/0001157523-23-000219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000115752323000219/a53307076.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000219

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer