Wex Inc Stock Price, News & Analysis

WEX has appointed Jagtar Narula as the new Chief Financial Officer (CFO), effective May 25, 2022. Narula brings extensive experience from 3D Systems and Blackbaud, among others, highlighting a strong track record in financial leadership, acquisition integration, and strategic growth. His appointment aims to bolster WEX's financial discipline and innovation in technology, as noted by CEO Melissa Smith. Interim CFO Jennifer Kimball will return to her role as Chief Accounting Officer, supporting Narula's transition.

TravelCenters of America (Nasdaq: TA) has announced the launch of TA Fleet Universal, a new fleet card payment program in collaboration with WEX (NYSE: WEX). The card, usable at all 275 TA locations and 16,000 truck stops, offers discounts on fuel and products, enhancing convenience for drivers. CEO Jon Pertchik emphasized the program's role in improving guest experiences. With the integration of WEX's global platform, the initiative is aimed at providing competitive purchasing options to professional drivers across the nation.

WEX Inc. (NYSE: WEX) will report its first-quarter 2022 financial results before the market opens on April 28, 2022. CEO Melissa Smith and CFO Jennifer Kimball will host a conference call at 10:00 A.M. EDT to discuss the results. Interested parties can access the call via the WEX investor relations website or by phone at +1-888-510-2008. A replay will be available shortly after the call and can be accessed until May 28, 2022.

WEX is a global commerce platform that simplifies business operations for its clients.

Nexthink has appointed Roberto Simon as the new Chief Financial Officer, bringing over 15 years of global financial experience to the role. His previous experience includes serving as CFO at WEX and Revlon Inc., where he played a key role in managing growth. The company reports a remarkable 66% annual recurring revenue (ARR) growth in North America, highlighting strong customer demand for their Digital Employee Experience (DEX) solutions. Simon aims to drive further growth amidst the increasing emphasis on employee digital experiences during hybrid work.

WEX Inc. hosted its virtual Investor Day, where CEO Melissa Smith reaffirmed ambitious growth targets for the next five years. The company anticipates 8% to 12% organic revenue growth and 10% to 15% total revenue growth annually. Adjusted net income is projected to grow 15% to 20% per year. WEX emphasized its strong market position and commitment to increasing shareholder value through innovative products and expanding its market reach.

WEX Inc. (NYSE: WEX) has announced that its Chair and CEO, Melissa Smith, will present at the Wolfe Research FinTech Forum on March 9, 2022, at approximately 3:50 PM ET. This presentation will be accessible via a live webcast on the company’s Investor Relations website and through a dedicated Zoom link. For those unable to attend live, an audio replay will be available for 90 days. WEX focuses on simplifying business operations and offers embedded solutions to help companies maximize their potential.

WEX Inc. (NYSE: WEX) announced that its Chair and CEO, Melissa Smith, will present at the KBW Fintech Payments Conference on March 3, 2022, at approximately 1:55 PM ET. The event will be available via live webcast on the company's Investor Relations website, with a replay accessible for 90 days for those unable to attend live. WEX, a global commerce platform, aims to simplify business operations with personalized solutions, rich data, and expertise in benefits, mobility, and payment processing. For more information, visit www.wexinc.com.

WEX reported a strong financial performance for Q4 and the full year of 2021. Total revenue rose 25% year-over-year to $497.5 million, driven by higher fuel prices. The GAAP net loss narrowed to $11.8 million from $234.2 million a year earlier. Adjusted net income soared 78% to $116.8 million, or $2.58 per diluted share. For 2021, total revenue increased 19% to $1.85 billion, with adjusted earnings per share climbing 51% to $9.14. Looking forward, WEX targets Q1 2022 revenue of $495-$505 million and full-year revenue of $2.05-$2.09 billion.

WEX (NYSE: WEX), a prominent financial technology service provider, has announced a virtual Investor Day scheduled for Wednesday, March 23, 2022, starting at 9:00 a.m. ET and concluding around 11:30 a.m. ET. CEO Melissa Smith and the executive leadership team will present key insights. The event will be accessible via webcast through the WEX Investor Relations website, with a replay available post-event. WEX serves various sectors including fleet, corporate payments, and travel, employing around 5,600 people globally.