|
|
|
|
|
|
|
30.04.25 - 22:33
|
WEX Inc. Reports First Quarter 2025 Financial Results (Business Wire)
|
|
|
Q1 revenue decreased 2% year-over-year to $637 million, driven by fuel prices and foreign exchange rates
Q1 GAAP net income was $1.81 per diluted share; Q1 adjusted net income was $3.51 per diluted share
Q1 GAAP operating income margin of 24.7% and adjusted operating income margin of 36.7%
$790 million spent on share repurchases in Q1, reducing share count by approximately 13.1%
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2025.
“I am pleased with WEX's Q1 performance and the continued progress we are making against our strategic priorities. WEX's strong financial position and diversified portfolio provide a meaningful buffer against short-term softness in any one sector and position us well to navigate ongoing macro uncertainty,” said Melissa Smith, WEX's Chair, Chief Executive Officer, and President.
First Quarter 2025 Financial Results
Total...
|
|
|
10.04.25 - 22:33
|
WEX Inc. to Release First Quarter 2025 Financial Results on April 30, 2025 (Business Wire)
|
|
|
Results will be released April 30; Conference call scheduled for May 1
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The press release and WEX's supplemental materials packet—which includes a summary and discussion of our first quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com.
On Thursday, May 1, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financial Officer, will host a conference call to discuss the Company's results.
The conference call will be webcast live online and may be accessed through the investor relations section of WEX's website. The live conference call may also be accessed by dialing +1 888-596-4144 or +1 646-968-2525. T...
|
|
|
31.03.25 - 22:18
|
WEX Announces Final Results of Tender Offer (Business Wire)
|
|
|
WEX Acquires 4,870,130 Shares at $154.00 Per Share
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the final results of its modified “Dutch auction” tender offer, which expired at one minute after 11:59 p.m., New York City time, on Tuesday, March 25, 2025.
Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 4,891,736 shares of WEX's common stock, par value $0.01 per share (each share of WEX's common stock, a “Share,” and collectively, the “Shares”), were validly tendered and not validly withdrawn at or below the final purchase price of $154.00 per Share.
In accordance with the terms and conditions of the tender offer, WEX accepted for purchase a total of 4,870,130 Shares, representing approximately 12.5% of the Shares issued and outstanding as of March 25, 2025, at the final purchase price of $154.00 per share, for an aggregate purchase...
|
|
|
26.03.25 - 13:57
|
WEX Announces Preliminary Results of Tender Offer (Business Wire)
|
|
|
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the preliminary results of its modified “Dutch auction” tender offer, which expired at one minute after 11:59 p.m., New York City time, on Tuesday, March 25, 2025.
Based on the preliminary count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of approximately 4,877,214 shares of WEX's common stock, par value $0.01 per share (each share of WEX's common stock, a “Share,” and collectively, the “Shares”), were validly tendered and not validly withdrawn at or below the purchase price of $154.00 per Share, which includes 1,547,927 Shares that were tendered through notice of guaranteed delivery at or below such purchase price.
In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, WEX expects to accept for payment an aggregate of 4,870,130 Shares at a purcha...
|
|
|
27.02.25 - 23:27
|
WEX Announces Pricing and Upsizing of $550 Million Senior Unsecured Notes Offering (Business Wire)
|
|
|
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX) (the “Company”), the global commerce platform that simplifies the business of running a business, today announced that it had priced and upsized its previously announced offering (the “Offering”) of $550 million in aggregate principal amount of its new 6.500% senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). This represents an increase of $50 million in the aggregate principal amount of the Notes, from the previously announced amount of $500 million. The Notes will be guaranteed on a senior unsecured basis by each of the Company's wholly-owned domestic subsidiaries that guarantee the Company's senior secured credit facilities.
The Offering is expected to close on March 6, 2025, subject to the satisfaction of customary closing conditions. The Notes will pay interest on a semi-annual basis.
The Company intends to use ...
|
|
|
25.02.25 - 15:09
|
WEX Announces Proposed $500 Million Senior Unsecured Notes Offering (Business Wire)
|
|
|
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that it has commenced an offering (the “Offering”) of $500 million in aggregate principal amount of new senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by each of the Company's wholly-owned domestic subsidiaries that guarantee the Company's senior secured credit facilities.
The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company intends to use the net proceeds of the Offering, together with the net proceeds of borrowings under a proposed new incremental term loan B facility in an aggregate principal amount of $500 million (the “Incremental Term Loan B facility”) and cash on hand, to fund a tender offer that th...
|
|
|
25.02.25 - 15:09
|
WEX Announces Intention to Launch Modified Dutch Auction Tender Offer (Business Wire)
|
|
|
Intends to launch a “modified Dutch auction” tender offer to repurchase up to $750 million worth of common stock at a purchase price of not less than $148 per share nor greater than $170 per sharePORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced its current intention to launch a “modified Dutch auction” tender offer to purchase up to $750 million worth of common stock, par value $0.01 per share (“Common Stock”) at a cash purchase price of not less than $148 per share nor greater than $170 per share (the “Purchase Price”). WEX currently expects to consummate one or more debt financings, resulting in aggregate gross proceeds of at least $750 million, to be used principally to fund the anticipated tender offer. The tender offer is currently expected to commence tomorrow, February 26, 2025, and to expire at one minute after 11:59 p.m., New York City Time, on Tuesday, March 25, 2025, unless th...
|
|
|
|
|
05.02.25 - 23:06
|
WEX Inc. Reports Fourth Quarter and Full Year 2024 Financial Results (Business Wire)
|
|
|
Q4 revenue decreased 4% year-over-year to $637 million; full year revenue increased 3% to $2.63 billion
Q4 GAAP net income was $1.60 per diluted share; Q4 adjusted net income was $3.57 per diluted share
Q4 GAAP operating income margin of 24.7%; Q4 adjusted operating income margin of 37.9%PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024.
"As we enter 2025, we believe that our targeted investments in product innovation and sales expansion will set the stage for WEX's long-term success," said Melissa Smith, WEX's Chair, Chief Executive Officer, and President. "We anticipate that these initiatives will enhance our competitive edge and ultimately accelerate growth. This will position WEX to deliver exceptional value to our shareholders."
Fourth Quarter and Full Year 2024 Financial Results
Revenue for the fourth quarter of...
|
|
|
23.01.25 - 12:33
|
WEX Inc. to Release Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025 (Business Wire)
|
|
|
Results will be released February 5; Conference call scheduled for February 6PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The press release and WEX's newly-introduced supplemental materials packet—which includes a summary and discussion of our fourth quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com.
On Thursday, February 6, 2025, at 10:00 AM ET, Melissa Smith, WEX's Chair, Chief Executive Officer, and President, and Jagtar Narula, WEX's Chief Financial Officer, will host a conference call to discuss the Company's results.
The conference call will be webcast live online and may be accessed through the investor relations section of WEX's website. The live conference call may also be accessed by...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
