WEX Inc (NYSE:WEX) Q2 2024 Results Conference Call July 25, 2024 10:00 AM ET Company Participants Steve Elder - Senior Vice President of Global Investor Relations Melissa Smith - Chairman of the Board, President & CEO Jagtar Narula - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Andrew Jeffrey - William Blair Nate Svensson - Deutsche Bank Nik Cremo - UBS Andrew Bauch - Wells Fargo Ramsey El-Assal - Barclays Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Operator Thank ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 01-0526993 (State or other juri ...

Smith highlighted the company's commercial EV solutions, which are "focused on enabling the mixed fleets of the future," and its AI applications, which aim to "drive both customer value and enhance WEX's business model." On the technology front, the company has already seen its enhanced AI tools contribute to efficiency gains in the form of trending improvements on credit losses. AI allows the company to better adjudicate credit, review credit line increases and spot abnormal behavior that may indicate a pe ...

Wex (WEX) reported $673.5 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.4%. EPS of $3.91 for the same period compares to $3.63 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Wex performed in the just repo ...

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.45 on $704.19 million in revenues for the coming quarter and $16.23 on $2.74 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in t ...

Exhibit 99.1 WEX Inc. Reports Second Quarter 2024 Financial Results Q2 revenue increased 8% year-over-year to a second quarter record $673 million, driven by 13% growth in the Benefits segment and acceleration in Mobility segment growth rate Q2 GAAP net income was $1.83 per diluted share; Q2 adjusted net income was $3.91 per diluted share Q2 GAAP operating income margin of 25.0% and adjusted operating income margin of 40.7% Share repurchases of approximately $100 million during Q2, an additional $70 million ...

Q1 2024 Earnings April 25, 2024 Forward-Looking Statements 2 These materials include forward-looking statements including, but not limited to, statements about management's plans, goals, expectations, and guidance and assumptions with respect to future financial performance of the Company. Any statements in this presentation that are not statements of historical facts are forward-looking statements. When used in this presentation, the words "anticipate," "believe," "continue," "could," "estimate," "expect," ...

WEX Inc. (NYSE:WEX) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chair and Chief Executive Officer Jagtar Narula – Chief Financial Officer Conference Call Participants Sheriq Sumar – Evercore ISI Ramsey El-Assal – Barclays Sanjay Sakhrani – KBW James Faucette – Morgan Stanley Nate Svensson – Deutsche Bank Mihir Bhatia – Bank of America Operator [Call starts abruptly] to the WEX Q1 2024 Earnings Confere ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 01-0526993 (State or other jur ...

Exhibit 99.1 WEX Inc. Reports First Quarter 2024 Financial Results Q1 revenue increased 7% year-over-year to a first quarter record $653 million, driven by 16% growth in the Benefits segment and 17% in the Corporate Payments segment Q1 GAAP net income was $1.55 per diluted share; Q1 adjusted net income was $3.46 per diluted share Q1 GAAP operating income margin of 25.2% and adjusted operating income margin of 38.5% Raises full-year 2024 financial guidance PORTLAND, Maine - April 25, 2024 - WEX (NYSE: WEX), ...