Wex Inc - WEX STOCK NEWS

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.

WEX (NYSE: WEX), a prominent financial technology service provider, will announce its fourth quarter and full year 2021 financial results on February 10, 2022, before the market opens. CEO Melissa Smith and Interim CFO Jennifer Kimball will lead a conference call at 10:00 A.M. EDT to discuss the results. The call will be accessible via the investor relations section of the WEX website and through phone. A replay will be available starting approximately two hours after the call until March 10, 2022.

WEX (NYSE: WEX) and Bestpass have launched WEX Fleet Tolls powered by Bestpass, enhancing toll management for over-the-road customers. This service enables users to pay tolls using their existing WEX card, streamlining the payment process by aggregating toll fees into a single statement. This innovation is expected to free up capital for fleet investments and simplify management by eliminating the need for multiple toll accounts across the U.S. The collaboration strengthens WEX's suite of payment solutions for commercial fleets.

WEX announces the appointment of Jennifer Kimball as Interim CFO, effective January 1, 2022. She takes over from Roberto Simon, who departed to pursue other opportunities. Mr. Simon will remain in an advisory role until April 1, 2022. The company has upgraded its fourth quarter and full year 2021 revenue guidance to between $485 million and $495 million with adjusted net income expected between $111 million and $115 million.