Wex Inc Stock Price, News & Analysis

WEX (NYSE: WEX), a leading financial technology service provider, will present at two investor conferences in May. The CFO, Roberto Simon, will speak at the Barclays 2021 Emerging Payments and Fintech Forum on May 20 at 8:00 AM EDT. The presentation can be accessed via a live webcast on WEX's Investor Relations website. Later, on May 25 at 4:25 PM EDT, Chair and CEO Melissa Smith will present at the J.P. Morgan Global Technology, Media and Communications Conference. Audio replays of both sessions will be available on their website for 90 days.

WEX (NYSE: WEX) will host its 14th annual WEX SPARK 2021 virtual event on May 11-13. This event focuses on healthcare benefits, helping over 33 million consumers manage healthcare expenses. Each day features a two- to three-hour block of insightful content.

Key highlights include HR panels, a keynote from Adam Grant, and discussions with industry leaders. The Resource Rally will provide partners with valuable growth deliverables. Registration is free, and more details can be found at www.wexspark.com.

WEX reported a 5% decline in total revenue for Q1 2021, totaling $410.8 million, compared to $431.7 million in Q1 2020. Despite this, the company achieved $16.8 billion in purchase volume, reflecting strong performance across all segments, exceeding pre-pandemic levels. The net loss attributable to shareholders decreased to $(2.6 million) or $(0.06) per diluted share. Adjusted net income was $81.3 million or $1.79 per diluted share, down 1% year-over-year. WEX's outlook remains positive with ongoing strategic initiatives and a robust pipeline of opportunities.

WEX (NYSE: WEX), a leader in financial technology, has entered a multi-year fuel card agreement with Kum & Go, a top convenience store chain. This partnership enhances WEX's fleet program and aligns with Kum & Go's significant growth, with over 400 stores in 11 states. Both companies emphasize their commitment to innovation and customer service. WEX operates globally, providing services across various sectors, including fleet, travel, and healthcare, with a purchase volume of $20.9 billion in 2020.

WEX (NYSE: WEX) has unveiled the CrossRoads Freight card, designed for mixed fleets, enabling access to 16,000 truck stops and 95% of retail fueling stations across the U.S. This new product builds on the original CrossRoads card launched in 2018, catering to businesses that need both light-duty vehicle fueling and truck stop discounts. Features include purchasing controls, integrated reporting, and fuel discounts through the WEX EDGE Savings Network. The card enhances control and visibility for mixed fleets, developed with customer feedback and market research.

WEX Inc. (NYSE: WEX) announced it will report its first quarter 2021 financial results on April 29, 2021, before market opening. The conference call, led by CEO Melissa Smith and CFO Roberto Simon, is scheduled for 10:00 A.M. EDT and will be accessible via the company’s investor relations website or by phone. WEX, a prominent financial technology provider, operates across various sectors globally, serving over 15.8 million vehicles and handling a purchase volume of $20.9 billion in travel and corporate solutions in 2020.

WEX (NYSE: WEX), a leading financial technology service provider, announced its agreement to acquire benefitexpress for approximately $275 million. This acquisition is expected to enhance WEX's offerings in benefits administration, adding tools for employee enrollment, ACA compliance, and verification services. The transaction aligns with WEX's strategic vision to provide a comprehensive healthcare ecosystem. WEX anticipates this acquisition will be neutral to its Adjusted Net Income for 2021, with completion expected in the second quarter pending regulatory approvals.

WEX (NYSE: WEX) has finalized its acquisition of health savings account (HSA) assets from HealthcareBank. This strategic move, first announced on February 11, 2021, aims to enhance WEX's Health division by increasing adjusted net income for fiscal year 2021. The acquisition is expected to provide significant financial benefits, supporting WEX's mission to simplify complex payment systems.