secwatch.observer — SEC 8-K summary
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Issuer:     WEX Inc. (WEX)
CIK:        0001309108
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001309108-24-000172
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEX Q2 revenue up 8% to $673.5M; adjusted EPS $3.91 beats guidance, FY outlook trimmed
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- Q2 revenue $673.5M (+8% YoY); GAAP net income $77.0M ($1.83/diluted) vs $95.3M ($2.20) prior year.
- Adjusted net income $164.0M ($3.91/diluted) up 8% from $159.3M ($3.63) YoY.
- Benefits segment revenue grew 13% YoY; Mobility growth accelerated but offset by travel environment headwinds.
- Repurchased ~$100M in Q2 and $70M in July; plans $300M accelerated share repurchase soon.
- Full-year 2024 revenue guidance revised to $2.68B-$2.72B; adjusted EPS guidance $15.98-$16.38 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000172/0001309108-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309108/000130910824000172/wex-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001309108-24-000172

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