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
Long-term organic revenue growth targets
“5-10%”
Period
The long term
Measure
Company-defined measure
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
During the fourth quarter of 2024, the ASR was settled resulting in the receipt of an additional 0.2 million shares of WEX common stock, which is included in the quarter ended December 31, 2024. 15 Financial Guidance We are adjusting our long-term organic revenue growth targets from 8-12% to the 5-10% range to reflect updated market insights. In addition, as a result of this change, we are also updating our long-term adjusted earnings per share target to the 10-15% range. We believe these updated long-term ranges consider the current state and trajectory of the markets we operate in while also reflecting our opportunity to remain highly competitive with our product offerings. 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 gui
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.