WEX — Oct 24, 2024 release

Since reinitiating our share repurchases in 2022, we have reduced outstanding shares by 12%.” Financial Guidance and Assumptions 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. • For the fourth quarter of 2024, the Company expects revenue in the range of $630 million to $640 million and adjusted net income in the range of $3.51 to $3.61 per diluted share. • For the full year 2024, the Company now expects revenue in the range of $2.62 billion to $2.63 billion. Adjusted net income is now expected to be in the range of $15.21 to $15.31 per diluted share. Fourth quarter and full year 2024 guidance is based on assumed average U.S. retail fuel prices of $3.28 and $3.48 per gallon, respectively, and a 25.0% adjusted net income effective tax rate. The fuel prices referenced above are based on the applicable NYMEX futures price from the week of October 14, 2024. Our guidance assumes approximately 40.5 million and 41.4 million fully diluted shares outstanding for the fourth quarter and the full year, respectively. The share count assumptions include all completed activity to date, but exclude further share repurchases and any further shares delivered at settlement under our accelerated share repurchase agreement. The Company's adjusted net income guidance, which is a non-GAAP measure, 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, other costs, debt re