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WEX — Feb 5, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001309108-25-000012
Open on SEC.gov ↗
Showing in the filing
Share repurchases included in share count assumption
“$400 million”
Period
FY2025
Measure
Declared action
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
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 intangible amortization, other acquisition and divestiture related items, stock-based compensation, other costs, impairment charges, debt restructuring and debt issuance cost amortization, adjustments attributable to our non-controlling interests, and certain tax related items. We are unable to reconcile our adjusted net income guidance to the comparable GAAP measure without unreasonable effort because of the difficulty in predicting the amounts to be adjusted, including, but not limited to, foreign currency exchange rates, unrealized gains and losses on financial instruments, and acquisition and divestiture related items, which may have a significant impact on our financial results. 16 The following tables include revenue and ANI per share sensitivities to changes in PPG and interest rates as of the date of this supplement. As a reminder, the
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.