New Risk • Jul 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €859k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€859k sold). Recent Insider Transactions • Jul 30
Chief Risk & Compliance Officer recently sold €526k worth of stock On the 27th of July, Ann Drew sold around 3k shares on-market at roughly €155 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €70k more than they sold in the last 12 months. 공고 • Jul 30
WEX Announces General Availability Of SecureFuel For North American Fleet Customers WEX announced the general availability of SecureFuel for its North American fleet customers. This new capability uses detailed fleet card transaction data, real-time vehicle information, and advanced AI-powered models to identify and stop potentially unauthorized fuel purchases before they are approved. SecureFuel combines purchase details, including fuel quantity, fuel type, and merchant location, with telematics data, and WEX-designed, AI-powered fraud models to help identify suspicious activity more precisely while reducing the false positives. SecureFuel builds on more than 40 years of WEX leadership in fleet card controls and approximately a decade of experience applying telematics data to fraud prevention in its over-the-road business. WEX processes approximately 30 million fleet transactions each month. SecureFuel adds real-time vehicle intelligence to that foundation, helping managers stop unauthorized fuel purchases before they happen, reduce unnecessary card declines, minimize manual investigations and reconciliation, confirm purchases using current vehicle location, bring fleet card and telematics data into one workflow, and improve visibility into exceptions and attempted purchases. Customers can activate SecureFuel within the WEXOnline platform using telematics supplied by WEX or through supported third-party providers. WEX is a Geotab Premier Partner, enabling those with an existing Geotab solution to connect vehicle data to SecureFuel. Those that do not currently use telematics can obtain a supported solution through WEX, giving them one provider for payments, vehicle connectivity, and fraud prevention. SecureFuel is expected to begin rolling out to eligible customers on August 3. During the WEX North America Summit, WEX also previewed Actionable Insights, a new feature currently in beta testing. The solution uses AI to turn transaction, fleet, and payment data to surface actionable recommendations that can assist to identify savings opportunities, reduce waste, improve operational performance, and make more proactive decisions. SecureFuel and AI Insights are the first in a growing portfolio of intelligence-driven fleet capabilities from WEX. 공고 • Jul 25
WEX Inc. Provides Earnings Guidance for the Third Quarter of 2026 WEX Inc. provided earnings guidance for the third quarter of 2026. For the quarter, the company expects to generate revenue in the range of $733 million to $753 million. Reported Earnings • Jul 23
Second quarter 2026 earnings released: EPS: US$3.13 (vs US$1.99 in 2Q 2025) Second quarter 2026 results: EPS: US$3.13 (up from US$1.99 in 2Q 2025). Revenue: US$753.5m (up 14% from 2Q 2025). Net income: US$108.5m (up 59% from 2Q 2025). Profit margin: 14% (up from 10% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 공고 • Jul 11
WEX Inc. to Report Q2, 2026 Results on Jul 22, 2026 WEX Inc. announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Nominee Director Kurt Adams was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공고 • May 16
WEX Announces appointment of David Foss as Chair of the Board, effective May 14, 2026 WEX announced that its Board of Directors (the “Board”) has appointed independent director David Foss as Chair of the Board, effective May 14, 2026. The appointment reflects the Board’s previously announced plan to separate the roles of Chair and Chief Executive Officer. Melissa Smith will continue to serve as Chief Executive Officer, President, and a member of the Board. 공고 • May 15
WEX Inc. (NYSE:WEX) announces an Equity Buyback for $1,000 million worth of its shares. WEX Inc. (NYSE:WEX) announces a share repurchase program. Under the program, the company will repurchase $1,000 million worth of its common stock. The program has no expiration date. 공고 • Apr 21
Impactive Capital Issues Supplemental Investor Presentation to Shareholders of WEX On April 20, 2026, Impactive Capital Master Fund LP issued supplemental investor presentation in connection with WEX Inc.’s 2026 annual meeting of stockholders. 공고 • Apr 14
Impactive Capital Releases Investor Presentation Outlining the Case for Change at WEX On April 14, 2026, Impactive Capital, LP announced that it has released an investor presentation outlining the case for boardroom change following years of sustained underperformance, value-destructive M&A, and poor corporate governance at the Company, and Impactive Capital presentation highlighted its qualified nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe can bring relevant experience and a strong ownership mindset to help position Company to realize its full value potential. In addition, Impactive Capital emphasizes the need for fresh, shareholder-aligned perspectives in the boardroom to address prolonged operational underperformance, poor capital allocation and governance shortcomings, and urged the shareholders to help restore accountability and unlock value by electing its nominees to the Company Board. 공고 • Apr 13
Impactive Capital Provides Information to Shareholders of WEX On April 13, 2026, Impactive Capital LP, announced that it has sent a letter to Shareholders of WEX Inc., asked to support its 3 director nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe, citing years of underperformance, weak capital allocation, and outsized CEO pay, urged shareholders replace Nancy Altobello, Melissa Smith, and Stephen Smith, with its director nominees and called for replacing the current board chair, Melissa Smith, at the annual meeting of shareholders scheduled to be held on May 5, 2026. In addition, Impactive Capital highlighted Company's negative shareholder return since Smith became chair, lagging competitors and the S&P MidCap 400, criticized the Mobility segment's performance, and noted the board's failure to consider asset divestitures. Further, Impactive Capital pointed out Smith's $85 million compensation amid a $3.4 billion drop in market capitalization, and argued its nominees bring needed skills. Furthermore, Impactive Capital Stated that the Company opposed its nominees, citing concerns about Wolfe, and offered to appoint 2 nominees to an expanded board, which Impactive rejected. 공고 • Apr 12
Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Board Change at WEX On April 10, 2026, Impactive Capital, LP announced that it has filed definitive proxy materials in connection with WEX Inc.’s annual meeting of stockholders, which is currently scheduled for May 5, 2026. Additionally, Impactive Capital sent a letter to shareholders detailing how the Company Board of Directors has failed to respond to clear investor discontent, neglected to exercise adequate oversight of management, and taken desperate steps to entrench itself. In its letter, Impactive Capital highlights that nominees Kurt Adams, Ellen Alemany, and Lauren Taylor Wolfe bring critical industry experience and ownership mentality needed to improve oversight, drive operational performance and enhance capital allocation. 공고 • Apr 09
WEX Inc. to Report Q1, 2026 Results on Apr 22, 2026 WEX Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 공고 • Apr 07
WEX Inc., Annual General Meeting, May 05, 2026 WEX Inc., Annual General Meeting, May 05, 2026. 공고 • Mar 25
WEX Inc. Introduces Specialized Health Reimbursement Arrangement For GLP-1 Weight-Loss Medications WEX Inc. announced the launch of a Health Reimbursement Arrangement (HRA) designed to help employers manage the surging demand and escalating costs of GLP-1 medications. WEX’s specialized solution enables organizations to carve out GLP-1 coverage into a defined-contribution HRA. This puts the power back to the employer amidst shifting economic conditions by helping protect the organization’s core medical plan from unpredictable utilization and premium inflation. By customizing everything from funding to reimbursement rules, employers gain clarity and control over pricing, while ensuring their employees have a reliable safety net for their health journeys. Once considered a niche treatment for diabetes, GLP-1 medications are now demanding a shift in how employers approach holistic health and wellness in the workplace, as nearly 34 million Americans now medically qualify for these weight-management drugs. While research shows that one-in-five (19%) organizations with 200+ workers covered GLP-1 drugs in 2025, the explosion in popularity has created a fiscal dilemma for many on the fence: absorb skyrocketing premiums to cover the medications or cut them entirely. By leveraging proven HRA infrastructure and reimbursement capabilities, WEX enables plan sponsors to shift away from open-ended benefit exposure toward a model where GLP-1 access is offered with clear funding parameters and controlled costs. Key features and benefits of this new solution include: Flexible Access for Employees: Instead of navigating high out-of-pocket costs alone, funds can be utilized across pharmacies, manufacturer-direct programs, or alternative channels. Strategic Advantage for Employers: By combining scale and compliance expertise into a single, intelligent engine, WEX is able to power the full spectrum of benefits and payments across one secure infrastructure. Without the burden of manual administration, HR teams gain peace of mind, and the ability to remain focused on high-level strategy. WEX Payment Rails: Utilizing WEX’s proprietary technology, the HRA offering ensures that every dollar spent is aligned with the employer’s specific eligibility rules, while providing a seamless reimbursement experience. The WEX GLP-1 HRA is available now for employers, partners, brokers, and consultants looking to modernize their weight-management benefit strategy. 공고 • Feb 05
Wex Inc. Provides Earnings Guidance for the First Quarter and Full Year 2026 WEX Inc. provided earnings guidance for the first quarter and full year 2026. For the first quarter of 2026, the Company expects revenue in the range of $650 million to $670 million.
For the full year 2026, the Company expects revenue in the range of $2.70 billion to $2.76 billion. 공고 • Jan 27
WEX Introduces Fleet Card With EV Payment Capabilities WEX introduced WEX Fleet card now with EV payment capabilities, giving fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new WEX Fleet card now with EV payment capabilities gives fleet customers a single way to pay for both traditional fuel and public electric vehicle (EV) charging. WEX is the first fuel card provider to incorporate fueling and EV charging into one card, one account, and one invoice across its proprietary closed-loop fuel network. The new offering allows all data and payments to flow to one simple, secure system, whether a driver is plugging in at one of over 175,000 WEX-accepting public charging ports or fueling up at over 90% of U.S. gas stations that accept WEX cards. As fleets integrate a mix of electric or fuel-powered vehicles, many face fragmented payment systems, multiple cards or apps, and complex reconciliation. The WEX Fleet card now with EV payment capabilities helps reduce administrative burden while delivering a more seamless and unified experience for both drivers and operators. In addition, fleet managers retain unified reporting, purchase controls via the DriverDash app, and one credit line for all transaction data for fueling and charging. The upgraded card embeds RFID technology directly into the standard WEX Fleet card, eliminating the need for a separate EV charging card or mobile app to activate and pay for a charging session. This allows for a single card and account structure to support internal combustion engine (ICE) vehicles, hybrids, and EVs. Powered by WEX’s proprietary closed-loop fleet network, rather than open-loop, general-purpose card networks, this approach gives customers end-to-end control of transactions, enabling richer data, stronger security, and fleet-specific purchase controls that support electrification without disrupting existing fueling workflows. Key benefits of the WEX Fleet card now with EV payment capabilities include one card, one account, one invoice: fuel and EV charging all tied to a single card and credit line; embedded tap-to-charge capability: drivers use the same card for all fueling scenarios – no separate RFID required; consolidated reporting and controls: fleet managers get unified visibility into fueling and charging activity with existing purchase controls; easy activation: EV charging capabilities can be enabled immediately or rolled in during the next scheduled renewal. The WEX Fleet card now with EV payment capabilities reflects WEX’s ongoing effort to simplify operations and support the evolving needs of mixed-energy fleets. With real-time charger availability, remote initiation, and detailed transaction insights already part of WEX’s En Route EV suite, fleets can more easily manage the shift to electrification. The WEX Fleet card now with EV payment capabilities is available for eligible fleet customers. Existing EV enabled customers can request updated cards directly through the WEX online customer portal by clicking “Enable EV” on any existing fuel card, by clicking “Enable EV” when ordering new fuel cards, or receive them automatically during their next regular card-renewal cycle. 공고 • Jan 22
WEX Inc. to Report Q4, 2025 Results on Feb 04, 2026 WEX Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026 공고 • Jan 13
WEX Inc. Announces Board Changes WEX Inc. announced changes to the composition and leadership of the Company’s Board of Directors (the “Board”) to further enhance the effectiveness of the Board’s oversight. For several years, the Board has been developing and executing a plan to support thoughtful renewal and an orderly transition of independent director leadership, helping to ensure the Board remains well positioned to oversee emerging risks and capitalize on the Company’s many opportunities to create long-term value. Reflecting input received through ongoing engagement with stockholders, the Board is advancing the next phase of its planned evolution. Pursuant to this plan, David Foss, former President and Chief Executive Officer of Jack Henry & Associates, will assume the role of Vice Chair and Lead Independent Director, effective as of the Company’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). In addition, Shikhar Ghosh and Jack VanWoerkom will retire from the Board, effective as of the Annual Meeting. Following the Annual Meeting, the Board will be comprised of ten members. 공고 • Nov 04
Wex Inc. Announces Executive Changes WEX Inc. announced the appointment of Sandy Kuohn as its Chief People Officer (CPO). In this role, Kuohn will lead WEX’s global people strategy, aligning talent, culture, and organizational capabilities to advance the company’s strategy and focus on disciplined growth. Sara Trickett, who served as interim CPO, will continue in her role as Chief Legal Officer and Corporate Secretary. Kuohn is an accomplished global human resources executive with a proven record of scaling organizations and building programs that enable high-performing cultures. Her leadership will help WEX continue simplifying how it works, empowering its teams with the clarity, tools, and development needed to deliver for customers and drive sustainable performance.
Prior to joining WEX, Kuohn served as Chief Human Resources Officer at City National Bank, a subsidiary of the Royal Bank of Canada, where she led a comprehensive transformation of the HR organization. Earlier in her career, she held a series of senior HR leadership roles at Huntington Bancshares Inc. and its acquired institutions, and also held leadership and consulting positions at Urban Science, SDK Consulting, Electro Wire Products, and Andersen Consulting. Kuohn holds a Bachelor of Arts in Finance from Michigan State University and serves on the Board of Trustees for Ronald McDonald House Charities of Southern California. 공고 • Oct 17
WEX Inc. to Report Q3, 2025 Results on Oct 29, 2025 WEX Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 공고 • Sep 18
Wex Announces the Rebrand of Payzerware to Wex Field Service Management WEX announced the rebrand of Payzerware to WEX Field Service Management (WEX FSM). The enhanced software solution, designed for the trades, helps contractors save time, cut costs, and scale with confidence by consolidating operations into an all-in-one simple solution. Existing Payzerware customers now gain the reliability of a global leader combined with purpose-built tools, integrations, and specialized partners that make it easier to manage their operations. WEX FSM, which already serves more than 35,000 contractors, provides access to critical tools needed to run their business every day. In addition to core features like scheduling, dispatching, invoicing, and payments, WEX FSM now brings the value of the WEX Fleet Card, includes Advanced Reporting, and gives access to GoodLeap's flexible financing options and Enhanced Pricebooks, powered by Pricebook Digital™?, within the new WEX FSM mobile app. These options will be built into the process, giving contractors more flexibility, making it easier to close deals in the field. The new WEX FSM app, which includes all the features of the existing platform, will also be available on September 18. WEX FSM also includes access to dedicated support teams, providing knowledgeable and responsive service, backed by 40 years of WEX industry expertise. WEX FSM can help contractors run their business from the field to back-office with its easy-to-use solutions: Enhanced business intelligence: Make informed decisions with insights from advanced reporting. New and improved mobile app: The new WEX F SM app delivers a modern, intuitive interface powered by advanced technology, offering faster performance, stronger security, broader compatibility, and greater productivity for contractors in the field and office. Fuel card add-ons: New WEX FSM customers can tap into WEX's fleet management offerings by adding the WEX Fleet card. 공고 • Jul 24
WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025 WEX Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects revenue in the range of $669 million to $689 million.
For the year, the Company expects revenue in the range of $2.61 billion to $2.65 billion. 공고 • Jul 21
WEX Introduces AI-Powered Claims Tool to Simplify FSA Reimbursements WEX announced the launch of a new intelligent claims tool that helps people get reimbursed from their flexible spending accounts (FSAs) faster and more easily. For HR teams looking to make the FSA reimbursement process easier for their employees, this new AI-powered tool will take the guesswork out of submitting a claim by making sure documentation is complete, accurate, and easy to verify, right at the time of submission. Boasting more than 97% precision in determining the correct reimbursement amount for valid claims during the claims process, this tool will help cut down on busywork by automating key steps like checking receipts, pre-filling claim forms, and quickly approving eligible claims for reimbursement. These new capabilities include: Document verification that alerts consumers in real time if information is missing; Smart form completion that pre-fills key fields to reduce manual errors; Fast claim assessment that can approve eligible documents for claims reimbursement in minutes, not days. This new claims tool tackles the most common reasons for denials, like missing documentation or ineligible expenses and gives users a more predictable, seamless experience from start to finish. Some of these additional benefits include: Faster payouts: Claims that used to take two business days can now process in under two minutes; Greater accuracy: More than 97% precision in determining The correct reimbursement amount for valid claimsduring the claims process; Less work for HR teams: Intelligent automation reduces busywork and manual review; More confidence for employees: Real-time feedback helps ensure claims are complete and accurate the first time. This launch is part of WEX's broader investment in building smarter, more modern tools that scale with the needs of customers and partners. According to the Bureau of Labor Statistics, 72% of state and local government workers and 47% of private-sector employees had access to FSAs in 2024. With usage growing year over year, WEX's new claims tool arrives at a critical time to support both employers and consumers ahead of open enrollment. WEX's AI-powered claims tool is available now for HR administrators, their brokers and consultants looking to enhance their FSA reimbursement process. 공고 • Jul 11
WEX Inc. to Report Q2, 2025 Results on Jul 23, 2025 WEX Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 공고 • May 02
Impactive Capital Issues an Open Letter to Shareholders of WEX On May 2, 2025, Impactive Capital LP announced that it has sent an open letter to shareholders of WEX Inc, stating that it believes that with the right change and improved shareholder alignment, Company can deliver significant value to all stakeholders. Impactive Capital stated that it has privately and constructively engaged with the Board and management for the past four years, and at the end of 2024 and after a period of Company’s performance, it requested that an Impactive representative be added to the Board to bring a much-needed shareholder perspective, and stated that the Company Board and management have seemingly ignored its feedback and refused to act with sufficient urgency to address the ongoing issues at the Company. In addition, Impactive Capital stated that it has determined that it is necessary to vote against 3 incumbent directors Jack VanWoerkom, Melissa Smith, and James Neary, at the 2025 annual meeting of shareholders. 공고 • May 01
Wex Inc. Provides Earnings Guidance for Second Quarter and Full Year 2025 WEX Inc. provides earnings guidance for second quarter and full year 2025. For the quarter, the company expects revenue in the range of $640 million to $660 million.
For the full year, the company now expects revenue in the range of $2.57 billion to $2.63 billion. 공고 • Apr 11
WEX Inc. to Report Q1, 2025 Results on Apr 30, 2025 WEX Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 공고 • Apr 09
WEX Inc., Annual General Meeting, May 15, 2025 WEX Inc., Annual General Meeting, May 15, 2025. 공고 • Feb 06
WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025 WEX Inc. provided earnings guidance for the first quarter and full year 2025. For the first quarter of 2025, the Company expects revenue in the range of $625 million to $640 million.
For the full year 2025, the Company expects revenue in the range of $2.60 billion to $2.66 billion. 공고 • Jan 23
WEX Inc. to Report Q4, 2024 Results on Feb 05, 2025 WEX Inc. announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 공고 • Nov 26
WEX Launches Two AI Pilots for Benefits Administration WEX announced a partnership with select employers to pilot two new artificial intelligence (AI) enhancements embedded within WEX’s benefits administration platform, My Benefit Express. Timed with open enrollment season and as industry pundits explore how AI can be successfully built for and leveraged within employee benefits, WEX announced the pilot launch of its Benefit Assistant and BeneFITwise Premier capabilities, both of which harness AI to provide employees with personalized and actionable insights that can empower them to make informed decisions about their benefits. WEX’s two new AI functionalities, Benefit Assistant and BeneFITwise Premier, harness data to provide personalized and actionable insights for a number of health-related and financial scenarios. WEX’s Benefit Assistant with GenAI: Participating employers will pilot Benefit Assistant, an AI agent, within WEX’s My Benefit Express to provide interactive support for their teams when it comes to the selection and utilization of health and voluntary benefits. Benefit Assistant can provide personalized support for more than 1,500 benefits-related topics and commonly asked questions, ranging from how to enroll, to changing an address, requesting an insurance card, or adding a dependent. This is intended to empower employees to make informed decisions, reduce the number of inquiries directed to HR departments, and free up valuable time and resources for more strategic initiatives. Employees interact with Benefit Assistant via a familiar interface. Behind the interface, generative AI technology provides personalized assistance with tasks such as understanding plan details, adding dependents, and navigating life events like marriage or the birth of a child. Human-like interactions without complex jargon can help employees navigate the complexities of their benefits with ease, empowering them to make informed decisions without burdening HR teams. WEX’s AI-Powered BeneFITwise Premier: Also part of the pilot, BeneFITwise Premier – a decision-support tool offered by WEX – leverages AI to analyze individualized health claims data to provide personalized, year-round financial information and actionable insights to help employees maximize the value of their benefits within WEX’s My Benefit Express benefit administration platform. BeneFITwise Premier goes beyond traditional benefits management by offering a comprehensive, data-driven solution that simplifies the decision-making process for employees, helping them select the right plans based on their unique healthcare needs and financial situations absent consultation with their company’s HR department. This feature proactively engages employees throughout the year, providing targeted communications that enhance overall benefits utilization and satisfaction, while hopefully helping to drive better employee retention and alleviating some of the engagement burden from internal HR teams. Features will be available 24/7 to employees included under the pilots. 공고 • Nov 21
WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage Platform WEX announced the release of the WEX Medicare Advantage marketplace, a new digital shopping solution embedded within the member experience of its Medicare Advantage supplemental benefits platform. This expands the brick-and-mortar merchant network that Medicare Advantage members already have access to with an enhanced online shopping experience that allows members to purchase eligible over-the-counter (OTC) products and grocery items within WEX’s integrated member portal. WEX’s Medicare Advantage marketplace allows members to shop the way they choose – whether that’s online or in a physical retail location. The launch of the WEX Medicare Advantage marketplace underscores the company’s commitment to making it easier for members to understand and access their benefits, including how and where they shop. It also provides health plan partners with meaningful data insights and the security and scale of WEX’s platform technology. Health plans that partner with WEX can use the Medicare Advantage marketplace solution to increase product access and service for members in rural areas, members who prefer a digital experience, and members who need the option of an in-home shopping experience. The solution is customizable by plan type, offers free and rapid shipping for a variety of OTC products and grocery items (including prepared meals, fresh foods, and shelf-stable goods), as well as call center support for order fulfillment and related member questions. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$2.55 (vs US$0.43 in 3Q 2023) Third quarter 2024 results: EPS: US$2.55 (up from US$0.43 in 3Q 2023). Revenue: US$665.5m (up 2.2% from 3Q 2023). Net income: US$102.9m (up 459% from 3Q 2023). Profit margin: 16% (up from 2.8% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 공고 • Oct 24
WEX Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024 WEX Inc. provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects revenue to be in the range of $630 million to $640 million.
For the full year, the company expects revenue to be in the range of $2.62 billion to $2.63 billion. 공고 • Oct 10
WEX Inc. to Report Q3, 2024 Results on Oct 24, 2024 WEX Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024 New Risk • Jul 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€891k sold). Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$1.85 (vs US$2.22 in 2Q 2023) Second quarter 2024 results: EPS: US$1.85 (down from US$2.22 in 2Q 2023). Revenue: US$673.5m (up 8.4% from 2Q 2023). Net income: US$77.0m (down 19% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공고 • Jul 26
WEX Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal Year 2024 WEX Inc. provided earnings guidance for the third quarter and full year of fiscal year 2024. For the third quarter of 2024, the company expects revenue in the range of $688 million to $698 million.
For the full year 2024, the company now expects revenue in the range of $2.68 billion to $2.72 billion. 공고 • Jul 12
WEX Inc. to Report Q2, 2024 Results on Jul 25, 2024 WEX Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Aimee Cardwell was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공고 • Jun 06
WEX Inc. Announces Executive Changes WEX Inc. announced that Sara Trickett, current Acting General Counsel and Assistant Corporate Secretary at WEX, has been appointed Chief Legal Officer and Corporate Secretary, effective June 4, 2024. Trickett succeeds Hilary Rapkin, who is retiring as Chief Legal Officer and Corporate Secretary of WEX. To support an orderly transition, Rapkin will remain with the Company in an executive advisor role until March 3, 2025. Trickett, who will report to Smith, joined WEX in 2021 and has served in various leadership roles at the Company, including Deputy General Counsel and Vice President, Corporate Legal Services. Most recently, she served as Acting General Counsel. Prior to WEX, she held other senior legal roles at Visa and Latham & Watkins. She holds a J.D. and LL.M. from Duke University School of Law and a B.S. in Science, Technology, and International Affairs from Georgetown University. Since Rapkin joined WEX in 1996, she has played a pivotal role in the Company’s expansion into a publicly traded global payments company that reported approximately $2.55 billion in 2023 full-year revenue. In addition to serving as Chief Legal Officer, Rapkin also held other senior leadership roles, including Interim Chief Human Resources Officer and SVP, General Counsel. She has also been a champion for and supporter of WEX and its communities during her tenure, including leading the WEX Compassion Fund and establishing and serving as the executive sponsor of the Women of WEX employee resource group. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.58 in 1Q 2023) First quarter 2024 results: EPS: US$1.57 (down from US$1.58 in 1Q 2023). Revenue: US$652.7m (up 6.7% from 1Q 2023). Net income: US$65.8m (down 3.2% from 1Q 2023). Profit margin: 10% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공고 • Apr 16
WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products WEX announced the general availability of WEX EV At-Home in the United States, an innovative, cutting edge solution that automates reporting and reimbursement for any organization with electric vehicles (EVs) that employees bring to their personal residence to charge overnight, the most cost effective way to charge. When coupled with WEX's other commercial fleet innovations, including WEX En Route, business can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting a balance of innovation, operational reliability, and efficiency at any stage of a company's transition to EVs. Today's announcement signifies the general availability of WEX's en route charging and at-home reimbursement capabilities and bolsters WEX's market-leading role in closing the commercial EV adoption gap. WEX's DriverDash app and RFID are accepted across the U.S. at ChargePoint-branded EV chargers and at ChargePoint's roaming partner brands: EVConnect, EVGo, FLO, with additional accepting merchants expected in the coming months. These advancements enable large enterprises and small businesses to incorporate EVs into their commercial fleets alongside existing traditionally fueled vehicles, illustrating WEX's strategic commitment to closing the commercial EV adoption gap by integrating EV functionality into existing products and - empowering organizations to manage EVs alongside traditional internal combustion engine (ICE) vehicles fueled with gasoline, as part of a mixed fleet. 공고 • Apr 11
WEX Inc. to Report Q1, 2024 Results on Apr 25, 2024 WEX Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Recent Insider Transactions • Feb 23
Chief Legal Officer & Secretary recently sold €864k worth of stock On the 16th of February, Hilary Rapkin sold around 4k shares on-market at roughly €207 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$6.23 (vs US$4.54 in FY 2022) Full year 2023 results: EPS: US$6.23 (up from US$4.54 in FY 2022). Revenue: US$2.55b (up 8.4% from FY 2022). Net income: US$266.6m (up 32% from FY 2022). Profit margin: 11% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공고 • Feb 08
WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024 WEX Inc. provided earnings guidance for the first quarter and full year 2024. For the first quarter of 2024, the Company expects revenue in the range of $650 million to $660 million.For the full year 2024, the Company expects revenue in the range of $2.70 billion to $2.74 billion. 공고 • Jan 26
WEX Inc. to Report Q4, 2023 Results on Feb 08, 2024 WEX Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 08, 2024 공고 • Nov 04
WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc. WEX Inc. (NYSE:WEX) entered into a definitive agreement to acquire Payzer Holdings, Inc for approximately $260 million on October 23, 2023. Pursuant to the terms of the definitive agreement, WEX will acquire Payzer for total consideration of approximately $250 million, with additional contingent consideration of up to $11 million based on defined performance metrics, subject to certain working capital and other adjustments. WEX intends to finance the acquisition through its revolving credit facility and cash on hand. Transaction is subject to customary closing conditions and is expected to be completed before the end of 2023. Andrew Bonnes, Kirk Nahra, Scott Kilgore, Atul Jain, William Caporizzo, Benjamin Kelsey, Michael Dawson, Jeff Johnson, Justin Ochs, Brandt Tierney, William Paine, Robert Kingsley Smith and Rob Donoghue of Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisors for WEX Inc. FT Partners acted as financial advisor for Payzer.WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc on November 2, 2023. 공고 • Oct 27
WEX Inc. (NYSE:WEX) entered into a definitive agreement to acquire Payzer Holdings, Inc for approximately $261 million. WEX Inc. (NYSE:WEX) entered into a definitive agreement to acquire Payzer Holdings, Inc for approximately $261 million on October 26, 2023. Pursuant to the terms of the definitive agreement, WEX will acquire Payzer for total consideration of approximately $250 million, with additional contingent consideration of up to $11 million based on defined performance metrics. subject to certain working capital and other adjustments. WEX intends to finance the acquisition through its revolving credit facility and cash on hand. Transaction is subject to customary closing conditions and is expected to be completed before the end of 2023. New Risk • Oct 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €402k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. 공고 • Oct 13
WEX Inc. to Report Q3, 2023 Results on Oct 26, 2023 WEX Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 26, 2023 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$2.22 (vs US$0.76 in 2Q 2022) Second quarter 2023 results: EPS: US$2.22 (up from US$0.76 in 2Q 2022). Revenue: US$621.3m (up 5.1% from 2Q 2022). Net income: US$95.3m (up 179% from 2Q 2022). Profit margin: 15% (up from 5.8% in 2Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. 공고 • Jul 14
WEX Inc. to Report Q2, 2023 Results on Jul 27, 2023 WEX Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Recent Insider Transactions • May 21
Chief Accounting Officer recently sold €83k worth of stock On the 17th of May, Jennifer Kimball sold around 512 shares on-market at roughly €163 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €226k. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Recent Insider Transactions • May 08
Chief Operating Officer of Americas recently sold €167k worth of stock On the 3rd of May, Robert Deshaies sold around 1k shares on-market at roughly €152 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €734k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$1.58 (vs US$2.73 in 1Q 2022) First quarter 2023 results: EPS: US$1.58 (down from US$2.73 in 1Q 2022). Revenue: US$612.0m (up 18% from 1Q 2022). Net income: US$68.0m (down 45% from 1Q 2022). Profit margin: 11% (down from 24% in 1Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 09
Independent Director recently sold €226k worth of stock On the 28th of February, Regina Sommer sold around 1k shares on-market at roughly €179 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €734k. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Recent Insider Transactions • Feb 19
Senior VP & Chief Technology Officer recently sold €734k worth of stock On the 14th of February, David Cooper sold around 4k shares on-market at roughly €184 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$4.54 (vs US$0.003 in FY 2021) Full year 2022 results: EPS: US$4.54 (up from US$0.003 in FY 2021). Revenue: US$2.35b (up 27% from FY 2021). Net income: US$201.4m (up US$201.3m from FY 2021). Profit margin: 8.6% (up from 0% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공고 • Feb 10
WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023 WEX Inc. provided earnings guidance for the first quarter and full year of 2023. For the first quarter of 2023, the Company expects revenue in the range of $600 million to $610 million.For the full year 2023, the Company expects revenue in the range of $2.43 billion to $2.47 billion. 공고 • Jan 27
WEX Inc. to Report Q4, 2022 Results on Feb 09, 2023 WEX Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 09, 2023 Buying Opportunity • Jan 06
Now 20% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be €192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 337% in the next 2 years. Recent Insider Transactions • Nov 04
Chief Operating Officer of Americas recently sold €165k worth of stock On the 1st of November, Robert Deshaies sold around 1k shares on-market at roughly €165 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: US$1.00 loss per share (vs US$1.08 profit in 3Q 2021) Third quarter 2022 results: US$1.00 loss per share (down from US$1.08 profit in 3Q 2021). Revenue: US$616.1m (up 28% from 3Q 2021). Net loss: US$44.1m (down 191% from profit in 3Q 2021). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Recent Insider Transactions • Sep 08
Independent Director recently bought €74k worth of stock On the 2nd of September, Derrick Roman bought around 480 shares on-market at roughly €155 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.6m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 24
Chief Human Resources Officer recently sold €126k worth of stock On the 19th of August, Melanie Tinto sold around 766 shares on-market at roughly €165 per share. In the last 3 months, there was an even bigger sale from another insider worth €274k. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Recent Insider Transactions • Aug 06
Chief Operating Officer of Americas recently sold €200k worth of stock On the 4th of August, Robert Deshaies sold around 1k shares on-market at roughly €166 per share. In the last 3 months, there was an even bigger sale from another insider worth €274k. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.76 (vs US$0.76 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.76 (up from US$0.76 loss in 2Q 2021). Revenue: US$598.2m (up 30% from 2Q 2021). Net income: US$34.1m (up US$68.0m from 2Q 2021). Profit margin: 5.7% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 08
Chief Accounting Officer recently sold €274k worth of stock On the 2nd of June, Jennifer Kimball sold around 2k shares on-market at roughly €159 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$2.73 (vs US$0.058 loss in 1Q 2021) First quarter 2022 results: EPS: US$2.73 (up from US$0.058 loss in 1Q 2021). Revenue: US$517.5m (up 26% from 1Q 2021). Net income: US$122.8m (up US$125.3m from 1Q 2021). Profit margin: 24% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Nancy Altobello was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 17
Chief Human Resources Officer recently sold €188k worth of stock On the 14th of February, Melanie Tinto sold around 1k shares on-market at roughly €157 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.0m more than they bought in the last 12 months. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.003 (up from US$5.56 loss in FY 2020). Revenue: US$1.85b (up 19% from FY 2020). Net income: US$137.0k (up US$243.8m from FY 2020). Profit margin: 0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. 공고 • Jan 28
WEX Inc. to Report Q4, 2021 Results on Feb 10, 2022 WEX Inc. announced that they will report Q4, 2021 results Pre-Market on Feb 10, 2022 공고 • Jan 05
WEX Inc. Increases Its Fourth Quarter and Full Year Guidance 2021 WEX Inc. increased its fourth quarter and full year guidance 2021. For the fourth quarter of 2021, the Company now expects revenue in the range of $485 million to $495 million.For the full year 2021, the Company now expects revenue in the range of $1.838 billion to $1.848 billion. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$1.08 (vs US$1.49 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$482.8m (up 27% from 3Q 2020). Net income: US$48.3m (up US$114.2m from 3Q 2020). Profit margin: 10.0% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 30
Second quarter 2021 earnings released: US$0.76 loss per share (vs US$1.67 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$459.5m (up 33% from 2Q 2020). Net loss: US$33.9m (down 147% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 09
Independent Director John Bachman has left the company On the 4th of June, John Bachman's tenure as Independent Director ended after 4.8 years in the role. As of March 2021, John still personally held 3.03k shares (€548k worth at the time). John is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.50 years. Recent Insider Transactions • Jun 04
Independent Director recently bought €494k worth of stock On the 1st of June, James Groch bought around 3k shares on-market at roughly €165 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.0m more in shares than they bought in the last 12 months. 공고 • Jun 02
WEX Inc. (NYSE:WEX) completed the acquisition of Benefit Express Services, LLC. WEX Inc. (NYSE:WEX) signed an agreement to acquire Benefit Express Services, LLC for approximately $280 million on April 14, 2021. The transaction is subject to certain working capital and other adjustments. The transaction is subject to regulatory approvals, other customary closing conditions and expected to be completed in the second quarter. WEX expects the acquisition to be neutral to Adjusted Net Income for 2021. William Blair acted as financial advisor to benefitexpress, and Wilmer Cutler Pickering Hale and Dorr LLP provided legal counsel to WEX. The WilmerHale team advising WEX was led by Andrew Bonnes (Picture) and included Jeff Stein, Judd Abramson, Julie Hogan Rodgers, Meghan Walsh, Scott Kilgore, Amy Null, Chris Shin, Ashwin Gokhale, Kirk Nahra, Doug Burton, David Gold and Justin Ochs.
WEX Inc. (NYSE:WEX) completed the acquisition of Benefit Express Services, LLC on June 1, 2021. WEX expects the transaction to be neutral to Adjusted Net Income in fiscal year 2021. 공고 • May 26
RoadSync to Include WEX’S EFS and Fleet One Payment Solutions WEX and RoadSync announced the addition of WEX’s EFS and Fleet One payment solutions (WEX OTR) to RoadSync’s digital payments platform, RoadSync Checkout. By using RoadSync Checkout, the process of paying accessorial and freight handling fees is simplified. With RoadSync, warehouses, distribution centers and lumpers across the U.S. are able to seamlessly accept WEX OTR as a payment. Similarly, heavy truck repair, towing and maintenance shops using RoadSync Checkout can now include WEX OTR payments as an accepted payment type for their roadside and in-shop services. 공고 • Mar 10
WEX Teams up With Ford for New Commercial Fleet Referral Arrangement WEX announced that it has reached an agreement with Ford Smart Mobility LLC (“FSM”), a part of Ford Motor Company, which is one of the largest commercial vehicle manufacturers in the world, whereby FSM will have the opportunity to refer its commercial fleet customers to WEX, providing them with access to WEX’s fuel card products. WEX will offer Ford’s commercial fleet customers a variety of WEX fuel cards, including WEX’s own “WEX Universal” card as well as many fuel merchant-sponsored, WEX-powered card programs, all of which offer a full range of features, functionality and solutions to meet the everyday demands of a modern fleet. Ford’s commercial fleet customers will be able to easily search and compare to find the best card program to fit their needs and apply online through a single experience powered by WEX. 공고 • Mar 03
WEX Expands Presence in Europe with OMV Win WEX announced its agreement with OMV expanding its presence within Europe. WEX will implement its technology platform to manage OMV’s fuel card program across ten markets within Europe. The implementation is expected to be completed within the next two years. OMV produces and markets oil and gas, as well as chemical solutions in a responsible way and develops innovative solutions for a circular economy. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and ADNOC Global Trading. Furthermore, the Company operates about 2,100 filling stations in ten European countries. In support of its retail operations, OMV is currently issuing its own fuel cards.