Brief: WEX Inc Reports Fourth Quarter And Full Year 2023 Financial Results

WEX

08/02/2024 11:40

Feb 8 (Reuters) - Wex Inc  WEX.N :
    * . REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL
RESULTS
    * : FOR Q1 OF 2024, EXPECTS REVENUE IN RANGE OF $650 MILLION
TO
$660 MILLION
    * :  FOR Q1 OF 2024, EXPECTS ADJUSTED NET INCOME IN RANGE OF
$144
MILLION TO $148 MILLION
    * SEES Q1 ADJUSTED EARNINGS PER SHARE $3.40 TO $3.50
    * SEES FY ADJUSTED NET INCOME IN RANGE OF $679 MILLION TO
$700
MILLION, OR $15.90 TO $16.40 PER DILUTED SHARE
    * : DURING Q4 OF 2023, CO EXITED ALL OF ITS INTEREST RATE
SWAP
CONTRACTS, RESULTING IN AN IMMEDIATE CASH BENEFIT OF $50 MILLION
    * : COMPANY-WIDE NET EXPOSURE TO CHANGES IN INTEREST RATES
IS
EXPECTED TO REMAIN NEUTRAL
    * : Q4 GAAP NET INCOME WAS $1.98 PER DILUTED SHARE; Q4
ADJUSTED
NET INCOME WAS $3.82 PER DILUTED SHARE
    * Q1 EARNINGS PER SHARE VIEW $3.78, REVENUE VIEW $655.1
MILLION --
LSEG IBES DATA
    * FY2024 EARNINGS PER SHARE VIEW $16.27, REVENUE VIEW $2.73
BILLION -- LSEG IBES DATA

Source text for Eikon:  ID:nBw4rgHZDa 
Further company coverage:  WEX.N