WEX Inc.(NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2019. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise. or Securitized accounts receivable, restricted, Prepaid expenses and other current assets, Property, equipment and capitalized software, Total liabilities and stockholders’ equity, Reconciliation of GAAP Net Income Attributable to Shareholders to Adjusted Net Income Attributable to Shareholders, (in thousands, except per share data) (unaudited), Unrealized (gains) losses on financial instruments, Acquisition-related intangible amortization, Other acquisition and divestiture related items, Debt restructuring and debt issuance cost amortization, ANI adjustments attributable to non-controlling interest, Adjusted net income attributable to shareholders, Unrealized losses (gains) on financial instruments, ANI adjustments attributable to non-controlling interests, Reconciliaton of GAAP Operating Income to Total Segment Adjusted Operating Income and Adjusted Operating Income. Average number of vehicles serviced was approximately 14.9 million, an increase of 19% from the fourth quarter of 2018. Total revenue for the fourth quarter of 2019 increased 15% to $440.0 million from $381.2 million for the fourth quarter of 2018. “Good organic growth coupled with solid returns from our strategic acquisitions are proof of the extraordinary progress we’ve made in 2019. For the first quarter of 2020, WEX expects revenue in the range of, For the full year 2020, the Company expects revenue in the range of. Global Investor Relations, WEX Inc. Reports Fourth Quarter and Full Year 2019 Financial Results, https://www.businesswire.com/news/home/20200213005178/en/, New WEX Story Unleashes Power for our Customers. Payment processing gallons of fuel represents the total number of gallons of fuel purchased by fleets that have a payment processing relationship with WEX. “In the third quarter, we again demonstrated our ability to … Fourth Quarter and Full Year 2019 Financial Results. In addition, the 4th quarter includes a $20.9 million reduction to properly reflect fleet segment revenue and expenses. Although adjusted net income, adjusted operating income and total segment adjusted operating income are not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), these non-GAAP measures are integral to the Company's reporting and planning processes and the chief operating decision maker of the Company uses segment adjusted operating income to allocate resources among our operating segments. Fourth Quarter and Full Year … The $58.8 million … For the full year 2019, revenue increased 15% to $1.72 billion from $1.49 billion in 2018.Net income attributable to shareholders on a GAAP basis was $2.26 per diluted share in 2019 compared to $3.86 per diluted share in 2018. The Company considers these measures integral because they exclude the above specified items that the Company's management excludes in evaluating the Company's performance. Payment processing transactions represents the total number of purchases made by fleets that have a payment processing relationship with WEX. Mar. Para permitir a Verizon Media y a nuestros socios procesar tus datos personales, selecciona 'Acepto' o selecciona 'Gestionar ajustes' para obtener más información y para gestionar tus opciones, entre ellas, oponerte a que los socios procesen tus datos personales para sus propios intereses legítimos. WEX Inc. Reports Fourth Quarter and Full Year 2017 Financial Results Contacts News Media: WEX Inc. Jessica Roy, 207-523-6763 Jessica.Roy@wexinc.com or Investors: WEX Inc. Steve Elder, 207-523 … Yahoo forma parte de Verizon Media. Total fuel transactions processed increased 12% from the fourth quarter of 2018 to 156.0 million. On a non-GAAP basis, adjusted net income per diluted share increased 11% to $9.20 from $8.28 in 2018. Revenue grew 15% to $440 million compared to last year driven by another quarter of very strong growth in our Travel … WEX Inc. 2019 Q4 - Results - Earnings Call Presentation. Steve Elder, 207-523-7769 Specifically, in addition to evaluating the Company's performance on a GAAP basis, management evaluates the Company's performance on a basis that excludes the above items because: For the same reasons, WEX believes that adjusted net income, adjusted operating income and total segment adjusted operating income may also be useful to investors when evaluating the Company's performance. Wex Inc. (NYSE: WEX) on Thursday reported third-quarter revenue of $382.1 million, down 17% from $460 million in Q3 2019, and adjusted earnings per share (EPA) of $1.59. The Company provides revenue guidance on a GAAP basis and earnings guidance on a non-GAAP basis, due to the uncertainty and the indeterminate amount of certain elements that are included in reported GAAP earnings. WEX Inc. (NYSE:WEX) Q4 2019 Earnings Conference Call February 13, 2020, 9:00 AM ET Company Participants Steve Elder - Investor Relations Melissa Smith - President and Chief Executive … WEX Inc. (NYSE: WEX), a leading financial technology service provider, will host a conference call at 4:30 pm today to discuss its financial results f WEX Inc. Reports Fourth Quarter and … Net interchange rate represents the percentage of the dollar value of each payment processing transaction that WEX records as revenue from merchants, less certain discounts given to customers and network fees. Q4 2019 Q1 2020 Q2 2020 Q3 … Jessica.Roy@wexinc.com The adjustments attributable to non-controlling interests, including adjustments to the redemption value of a non-controlling interest and non-cash adjustments related to the tax receivable agreement, have no significant impact on the ongoing operations of the business. The business services provider reported $1.59 EPS for the quarter, missing the consensus … Feb. 13, 2020 2:17 PM ET | | About: WEX Inc. (WEX) by: SA Transcripts. See Exhibit 1 for a reconciliation of GAAP operating income to adjusted operating income. Nosotros y nuestros socios almacenaremos y/o accederemos a la información de tu dispositivo mediante el uso de cookies y tecnologías similares, a fin de mostrar anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos sobre la audiencia y desarrollar el producto. WEX Fourth Quarter 2019 Earnings ... WEX Full Year and Fourth Quarter 2019 Financial Results. Total revenue for the fourth quarter of 2019 increased 15% to $440.0 million from $381.2 million for the fourth quarter of 2018. WEX Inc. (NYSE: WEX) reported mixed fourth-quarter 2019 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2019. Total segment adjusted operating income incorporates these same adjustments and further excludes unallocated corporate expenses. The quarterly results … The Company considers certain acquisition-related costs, including certain financing costs, investment banking fees, warranty and indemnity insurance, certain integration related expenses and amortization of acquired intangibles, as well as gains and losses from divestitures, to be unpredictable, dependent on factors that may be outside of our control and unrelated to the continuing operations of the acquired or divested business or the Company. Fourth Quarter and Full Year 2019 Financial Results … Health and Employee Benefit Solutions' average number of Software-as-a-Service (SaaS) accounts in the U.S. grew 17% to 13.4 million from 11.5 million for the fourth quarter of 2018. The Company believes that excluding acquisition-related costs and gains or losses of divestitures facilitates the comparison of our financial results to the Company's historical operating results and to other companies in our industry. Fourth Quarter and Full Year 2019 Financial Results. “WEX delivered strong fiscal year results with fourth quarter adjusted earnings at the top-end of our guidance, despite a number of macroeconomic headwinds,” said Roberto Simon, WEX’s … The Company's non-GAAP adjusted net income excludes unrealized gains and losses on financial instruments, net foreign currency gains and losses, acquisition-related intangible amortization, other acquisition and divestiture related items, stock-based compensation, restructuring and other costs, impairment charges, debt restructuring and debt issuance cost amortization, non-cash adjustments related to the tax receivable agreement, similar adjustments attributable to our non-controlling interests and certain tax related items. Any statements that are not statements of historical facts may be deemed to be forward-looking statements. Steve Elder. The Company is also providing segment revenue for the three and twelve months ended December 31, 2019 and 2018 in Exhibit 4 and information regarding segment adjusted operating income margin and adjusted operating income margin in Exhibit 5. WEX Inc. (NYSE:WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2019. We are unable to reconcile our adjusted net income guidance to the comparable GAAP measure without unreasonable effort because of the difficulty in predicting the amounts to be adjusted, including, but not limited to, foreign currency exchange rates, unrealized gains and losses on financial instruments, acquisition and divestiture related items and adjustments to the redemption value of a non-controlling interest, which may have a significant impact on our financial results. Payment processing dollars of fuel represents the total dollar value of the fuel purchased by fleets that have a payment processing relationship with WEX. We delivered earnings results at the top end of our guidance range for Q4. 03:23PM : WEX… The forward-looking statements speak only as of the date of this earnings release and undue reliance should not be placed on these statements. WEX Inc. to Release Fourth Quarter and Full Year 2019 Financial Results on February 13, 2020. Business Wire. WEX Inc. analyst estimates, including WEX earnings per share estimates and analyst recommendations. Puedes cambiar tus opciones en cualquier momento visitando Tus controles de privacidad. The Company's adjusted net income attributable to shareholders, which is a non-GAAP measure, was $114.7 million for the fourth quarter of 2019, or $2.61 per diluted share, up 24% from $91.8 million, or $2.11 per diluted share, for the same period last year. 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