secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001309108-24-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q1 revenue up 7% to record $653M; raises full-year guidance
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- Q1 GAAP EPS $1.55; adjusted EPS $3.46, up 5% YoY from $3.31.
- Segment growth: Benefits +16%, Corporate Payments +17%; Mobility flat.
- Full-year 2024 revenue guidance raised to $2.73-2.77B (from $2.70-2.74B); adjusted EPS guidance raised to $16.10-16.60.
- Company repurchased 353K shares for ~$73.6M in Q1.
- New long-term agreement with Booking.com announced; included in guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000114/0001309108-24-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000114/wex-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001309108-24-000114

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