HighGravityDataWEX — Feb 5, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001309108-25-000012
Showing in the filing
Mobility segment revenue growth, excluding fuel price changes and FX rate changes
“1-3%”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 25
Corporate Payments OTA customer revenue mode… for Q3 FY2025
“by Q3 2025”
Leverage ratio long-term target for the long term
“2.5 times to 3.5 times”
Reduction in interest expense from refinanci…
“more than $10 million”
Share repurchase program authorization incre… for FY2024
“$1 billion”
Total share repurchase program authorization for FY2025
“$2.05 billion”
Long-term organic revenue growth target for the long term
“5-10%”
Long-term organic revenue growth targets for the long term
“5-10%”
Long-term adjusted earnings per share target for the long term
“10-15%”
Net Revenue, in millions for Q1 FY2025
“$625” – “$640”
Net Revenue, in millions for FY2025
“$2,600” – “$2,660”
Adjusted Net Income per Diluted Share for Q1 FY2025
“$3.35” – “$3.50”
Adjusted Net Income per Diluted Share for FY2025
“$14.65” – “$15.25”
Average US Retail Fuel Prices per Gallon for Q1 FY2025
“$3.26”
Average US Retail Fuel Prices per Gallon for FY2025
“$3.25”
Mobility Credit Losses (bps) for Q1 FY2025
“11 - 16”
Mobility Credit Losses (bps) for FY2025
“12 - 17”
Diluted Shares Outstanding, in millions for Q1 FY2025
“39.5”
Diluted Shares Outstanding, in millions for FY2025
“39.0”
Mobility segment revenue growth, excluding f… for FY2025
“1-3%”
Corporate Payments segment revenue growth for FY2025
“slightly negative on a full-year basis”
M&A activity benefit assumption for FY2025
“No benefits from future M&A activity”
Fuel price assumption impact on 2025 revenue for FY2025
“approximately $44.0 million”
Adjusted net income effective tax rate for FY2025
“25.0%”
Share repurchases included in share count as… for FY2025
“$400 million”
ANI per Share impact from 100bps interest ra… for the long term
“materially neutral”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following table presents our expectations for the first quarter and full year 2025: Financial Guidance Q1'25 Full Year 2025 Current Guidance Current Guidance Changes from FY2024 at Midpoint Low High Low High $ Change % Change Fuel Price Impact Net Revenue, in millions $ 625 $ 640 $ 2,600 $ 2,660 $ (2) — % (2)% Adjusted Net Income per Diluted Share 14 $ 3.35 $ 3.50 $ 14.65 $ 15.25 $ (0.33) (2) % (4)% First quarter and full year 2025 guidance is based on a number of assumptions, including: Key Guidance Assumptions Q1'25 Full Year 2025 Current Guidance Current Guidance Change from Prior Year at midpoint % Change Average US Retail Fuel Prices per Gallon $3.26 $3.25 $(0.22) (6)% Mobility Credit Losses (bps) 11 - 16 12 - 17 3.1 27% Diluted Shares Outstanding, in millions 39.5 39.0 -2.3 (6)% 2025 guidance also includes the following assumptions: • Mobility segment revenue growth, excluding fuel price changes and FX rate changes, of 1-3% for the year • Corporate Payments segment revenue growth slightly negative on a full-year basis due to OTA customer transition; accelerating growth over the second half of the year as we lap year-over-year comparisons • Benefits segment revenue growth within the low end of the total company stated long-term range • U.S. GDP growth of approximately 2% in 2025 • No benefits from future M&A activity • Domestic fuel prices estimated at $3.26 per gallon for Q1 and $3.25 for the full year, based on NYMEX futures curve; this assumption reduced 2025 revenue and EPS guidance by approximately $44.0 million and $0.68, respectively • Interest rates in line with the market Fed Funds projections • Exchange rates are as of the end of January 2025 • Adjusted net income effective tax rate of 25.0% for 2025 (all periods) • Share repurchases of $400 million included in share count assumption, including the $40 million we repurchased in January (14) 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, changes in fair value of contingent consideration, acquisition-related intan
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.