WEX — Oct 24, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001309108-24-000198
Showing in the filing
Adjusted net income per diluted share
“$15.21 to $15.31”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 8
Revenue for Q4 FY2024
“$630 million to $640 million”
Adjusted net income per diluted share for Q4 FY2024
“$3.51 to $3.61”
Revenue for FY2024
“$2.62 billion to $2.63 billion”
Adjusted net income per diluted share for FY2024
“$15.21 to $15.31”
Average U.S. retail fuel price assumption for FY2024
“$3.48 per gallon”
Adjusted net income effective tax rate for Q4 FY2024
“25.0%”
Assumed fully diluted shares outstanding for Q4 FY2024
“approximately 40.5 million”
Diluted shares outstanding assumption, in mi… for Q4 FY2024
“approximately 40.5 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
• 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 restructuring costs and debt issuance cost amortization, tax related items and certain other non-operating items and non-recurring or non-cash operating charges that are not core to our operations, as a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.