Highest-materiality recent filing
WEX Q2 revenue $753.5M (+14.2%), adj EPS $5.35 (+35.4%); raises FY2026 outlook
Revenue $753.5M, up 14.2% YoY; GAAP net income $3.11/diluted share (+57.1%).
WEX board authorizes $1.0B share buyback; all directors reelected at annual meeting
Board authorized up to $1.0 billion in share repurchases with no expiration date.
WEX and Impactive Capital agree on board refresh; annual meeting postponed to May 14
Three new independent director nominees: Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe (Impactive designee).
WEX Q1 revenue $673.8M (+5.8%), adjusted EPS $4.15 (+18.2%); raises FY2026 guidance
Q1 total revenue $673.8M, +5.8% YoY; GAAP net income $77.7M ($2.22/diluted share).
WEX Q4 revenue up 5.7% to $672.9M, adjusted EPS $4.11, up 15.1% YoY
Q4 revenue $672.9M (+5.7% YoY); full year $2.66B (+1.2%).
WEX Q3 revenue up 3.9% to $692M; raises FY 2025 guidance; appoints David Foss to board
Q3 GAAP net income $80.3M ($2.30/diluted EPS); adjusted net income $159.7M ($4.59/diluted EPS), up 5.5% YoY.
WEX Q2 GAAP EPS $1.98, adj EPS $3.95 beats guidance; revenue down 2% to $660M
GAAP net income $68.1M ($1.98/share) vs $77.0M ($1.83) YoY; adjusted net income $136.2M ($3.95) vs $164.0M ($3.91).
WEX Q1 revenue down 2% to $637M; GAAP EPS rises to $1.81, adj EPS $3.51; guides FY rev $2.57-2.63B
Revenue $636.6M (-2% YoY) driven by lower fuel prices and FX; GAAP net income $71.5M, $1.81 diluted EPS (vs $1.55).
WEX prices $550M senior notes at 6.500%, upsized from $500M, to fund $750M stock buyback
Priced $550M aggregate principal of 6.500% senior unsecured notes due 2033, an increase of $50M from the previously announced $500M.
WEX intends $750M Dutch auction tender offer at $148-$170/share plus $500M notes offering
Tender offer to repurchase up to $750M of common stock; price range $148-$170 per share.
WEX Q4 revenue down 4% YoY to $637M; full year adj EPS up 3% to $15.28
Q4 GAAP EPS $1.60 vs $1.98 YoY; adjusted EPS $3.57 vs $3.82; revenue $636.5M (-4% YoY).
WEX Q3 revenue $665M (+2%), GAAP EPS $2.52, adj. EPS $4.35; lowers FY outlook
Revenue $665.5M, +2% YoY; GAAP net income $102.9M ($2.52/diluted) vs $18.4M ($0.42) prior year.
WEX expands share repurchase authorization by $1.0B to $2.05B through 2025
Board authorized an additional $1.0 billion for share repurchases, increasing total authorization to $2.05 billion.
WEX enters $300M accelerated share repurchase agreement with JPMorgan
ASR under existing $1.05B buyback authorization announced Feb 2024; $300M initial payment to JPMorgan.
WEX Q2 revenue up 8% to $673.5M; adjusted EPS $3.91 beats guidance, FY outlook trimmed
Q2 revenue $673.5M (+8% YoY); GAAP net income $77.0M ($1.83/diluted) vs $95.3M ($2.20) prior year.
Maturity extended from April 2026 to May 2029 for revolving and tranche A term loans.
WEX Q1 revenue up 7% to record $653M; raises full-year guidance
Q1 GAAP EPS $1.55; adjusted EPS $3.46, up 5% YoY from $3.31.
WEX increases share repurchase authorization by $400M to $1.05B through Dec 2025
Board authorized additional $400M, bringing total program to $1.05B through Dec 31, 2025.
WEX Q4 revenue $663M (+7%); adj. EPS $3.82 (+11%); FY24 guidance $15.90-16.40
Q4 revenue $663M (+7%), GAAP EPS $1.98, adj. EPS $3.82 (+11% YoY).
WEX reports record Q3 revenue of $651M, raises FY 2023 guidance, and agrees to acquire Payzer
Q3 revenue $651.4M (+6% YoY); GAAP EPS $0.42; adjusted EPS $4.05 (+15% YoY).
WEX increases revolving credit facility by $500M to $1.43B
Revolving commitments raised from $930M to $1.43B via Third Amendment dated Sept 26, 2023.
WEX repurchases all $310M convertible notes from Warburg Pincus for $370M cash
Repurchased $310M aggregate principal of 6.50% Convertible Senior Notes due 2027 from WP Bronco Holdings (Warburg Pincus affiliate).
WEX Q2 revenue up 4% to record $621M; raises full-year guidance
GAAP EPS $2.20 vs $0.76 YoY; adjusted EPS $3.63 vs $3.71, down 2%.
WEX Q1 revenue record $612M (+18% YoY), adj EPS $3.31 (+15%), raises full-year guidance
GAAP net income $68.0M ($1.56 diluted), down 42% YoY; adjusted net income $145.8M ($3.31 diluted), up 15%.
WEX Q4 2022 revenue $618.6M (+24% YoY); adj EPS $3.44 beats guidance; FY23 outlook strong
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%.
WEX Q3 revenue record $616M (+28% YoY), adjusted EPS $3.51 (+43%); board boosts buyback to $650M
Total revenue of $616.1M, up 28% YoY; total volume $57.5B (+41% YoY).
WEX Q2 revenue +30% to $598M, adjusted EPS $3.71 +61% YoY; raises FY2022 guidance
Q2 revenue $598.2M (+30% YoY); GAAP net income $34.1M ($0.76/sh) vs net loss $33.9M (-$0.76/sh) in prior year.
WEX Q1 2022 revenue $517.5M (+26% YoY), GAAP EPS $2.71, raises FY guidance
Revenue $517.5M (+26% YoY); GAAP EPS $2.71 vs $(0.06); adjusted EPS $2.88 vs $1.79 (+61%).
WEX appoints Jagtar Narula as CFO, effective May 25, 2022
Narula named CFO; Jennifer Kimball returns to Chief Accounting Officer role.
WEX reaffirms five-year growth targets: 8-12% organic revenue CAGR, 15-20% adjusted net income CAGR
Targets assume stable FX and fuel prices; organic revenue growth 8-12% CAGR.
GAAP net loss narrowed to $11.8M ($0.26 loss per share) from $234.2M loss a year ago.
WEX raises Q4 and FY 2021 guidance; CFO Simon resigns, Kimball appointed interim CFO
CFO Roberto Simon resigned effective Dec 31, 2021 to pursue another opportunity; no disagreement, will advise through April 2022.
WEX Q3 revenue up 26% to $482.8M, adj EPS $2.45 (+54% YoY); guides Q4 above expectations
Revenue $482.8M (+26% YoY); GAAP net income $48.3M ($1.07/sh) vs loss $65.8M (-$1.49/sh) a year ago.
WEX extends share repurchase program through 2025, authorizes $150M in buybacks
Board extended existing buyback program to September 30, 2025; $150M authorization.
WEX Q2 revenue $459.5M (+32% YoY); adjusted EPS $2.31 (+91% YoY)
GAAP net loss $33.9M ($0.76 loss per diluted share) vs net income $72.7M ($1.66) in Q2 2020.
On December 7, 2023, the Board of Directors (the “Board”) of WEX Inc. (the “Company”) voted to increase the size of the Board from 11 to 12 members and elected Aimee Cardwell as a Class I Director to fill the resulting vacancy, effective immediately, with a term expiring at the 2024 Annual Meeting of Stockholders.
On September 16, 2022, Bhavana Bartholf, a member of Class I of the Board of Directors (the “Board”) of WEX Inc. (the “Company”), submitted her resignation from the Board, including from the Audit and Technology Committees of the Board, effective immediately.
Jennifer Kimball, currently the Company’s Interim Chief Financial Officer, principal financial officer, Chief Accounting Officer, and principal accounting officer, will no longer serve as Interim Chief Financial Officer and principal financial officer, but will continue to serve as the Company’s Chief Accounting Officer and principal accounting officer.
On April 25, 2022, the Board of Directors of WEX Inc. (the “Company”) appointed Jagtar Narula as the Chief Financial Officer of the Company, effective as of May 25, 2022.
On January 1, 2022, the Board of Directors of the Company appointed Jennifer Kimball, the Company’s current Chief Accounting Officer, as the Interim Chief Financial Officer of the Company, effective immediately.
On December 29, 2021, Roberto Simon resigned his position as Chief Financial Officer of WEX Inc. (the “Company”), effective as of the end of the day on December 31, 2021
Scott Phillips, President, Global Fleet, will leave WEX on April 1, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings