secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001157523-23-000629
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q1 revenue record $612M (+18% YoY), adj EPS $3.31 (+15%), raises full-year guidance
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- GAAP net income $68.0M ($1.56 diluted), down 42% YoY; adjusted net income $145.8M ($3.31 diluted), up 15%.
- Total volume $52.3B (+17%); Corporate Payments purchase volume jumped 58% to $18.6B.
- Full-year 2023 revenue guidance raised to $2.45-2.49B; adjusted EPS guidance raised to $13.85-14.25.
- Q2 2023 revenue guidance $613-623M, adjusted EPS $3.45-3.55.
- Repurchased ~525,000 shares for ~$93M in Q1; adjusted free cash flow negative $61.4M seasonally.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000115752323000629/0001157523-23-000629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000115752323000629/a53387559.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000629

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