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WEX Inc (WEX.N)

WEX.N on New York Stock Exchange

146.72USD
19 Jan 2018
Change (% chg)

$1.82 (+1.26%)
Prev Close
$144.90
Open
$144.99
Day's High
$147.25
Day's Low
$144.96
Volume
48,077
Avg. Vol
102,408
52-wk High
$147.25
52-wk Low
$97.28

Latest Key Developments (Source: Significant Developments)

Wex Enters Into Third Amendment To Credit Agreement
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Wex Inc ::WEX INC - ‍ON JAN. 17, CO ENTERED INTO THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF JULY 1, 2016 - SEC FILING​.WEX-AMENDMENT REDUCES APPLICABLE INTEREST RATE MARGIN FOR CO'S TRANCHE B-2 TERM LOANS BY 50 BASIS POINTS FOR BOTH LIBOR BORROWINGS,BASE RATE BORROWINGS​.WEX INC - ‍THIRD AMENDMENT INCREASES COMMITMENTS UNDER COMPANY'S TRANCHE B-2 TERM LOANS FROM $1.182 BILLION TO $1.335 BILLION​.  Full Article

Wex Inc Announces Plans For Potential Debt Repricing
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Wex Inc ::WEX INC ANNOUNCES PLANS FOR POTENTIAL DEBT REPRICING.WEX INC -INVITED PROSPECTIVE LENDERS TO MEETING SCHEDULED FOR JAN 8, 2018 FOR PURPOSE OF CONSIDERING POTENTIAL AMENDMENTS TO ITS CREDIT FACILITY.WEX- POTENTIAL AMENDMENTS TO CREDIT FACILITY INCLUDING REPRICING OF CO'S EXISTING $1.185 BILLION TERM LOAN B, POTENTIAL $100 MILLION INCREASE TO TERM LOAN B.  Full Article

Wex Inc Announced Three-Year Fleet Card Contract With Verizon
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - WEX Inc ::WEX INC - ANNOUNCED THREE-YEAR FLEET CARD CONTRACT WITH VERIZON.  Full Article

Wex announces partnership with Citi on new GSA Smartpay® 3 contract
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Wex Inc :Wex announces partnership with Citi on new GSA Smartpay® 3 contract.Wex Inc - ‍partnership makes Wex eligible provider on government program for next 14 years​.  Full Article

WEX Inc enters into second amendment to credit agreement among co and units
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Wex Inc :WEX Inc - ‍on Oct 30, co entered into second amendment to credit agreement, dated July 1, 2016, among co, units - SEC filing​.WEX Inc - second amendment increases commitments under revolving credit facility under the original credit agreement from $470 million to $570 million.  Full Article

Wex Q3 adjusted non-GAAP earnings per share $1.43
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Wex Inc :Wex Inc reports third quarter 2017 financial results.Q3 GAAP earnings per share $0.79.Q3 revenue $324 million versus I/B/E/S view $311.9 million.Q3 adjusted non-GAAP earnings per share $1.43.Sees Q4 2017 revenue $317 million to $327 million.Sees FY 2017 revenue $1.24 billion to $1.25 billion.Q3 earnings per share view $1.41 -- Thomson Reuters I/B/E/S.Sees Q4 2017 adjusted earnings per share $1.40 to $1.47.Sees FY 2017 adjusted earnings per share $5.31 to $5.38.Q4 earnings per share view $1.43, revenue view $310.0 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $5.31, revenue view $1.22 billion -- Thomson Reuters I/B/E/S.  Full Article

WEX ANNOUNCES EXTENSION OF FUEL CARD CONTRACT WITH SHEETZ
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - WEX Inc ::WEX ANNOUNCES EXTENSION OF FUEL CARD CONTRACT WITH SHEETZ.WEX INC - ‍ ANNOUNCED A 10-YEAR EXTENSION OF ITS FLEET CARD CONTRACT WITH SHEETZ INC​.  Full Article

Chevron enters deal with Wex Bank
Monday, 19 Dec 2016 

Chevron Corp :Chevron products co- signed a long-term agreement with WEX Bank to issue and operate Chevron- and Texaco-branded commercial fleet cards commencing in Jan 2018..  Full Article

Wex reports Q2 EPS of $0.32
Wednesday, 27 Jul 2016 

Wex Inc : Wex Inc reports second quarter 2016 financial results . Q2 average number of vehicles serviced worldwide was approximately 9.6 million, a decrease of 2 pct from Q2 of 2015 . FY 2016 revenue view $930.4 million -- Thomson Reuters I/B/E/S . For Q3 of 2016 adjusted net income in range of $46 million to $49 million, or $1.07 to $1.14 per diluted share . For full year 2016 adjusted net income in range of $171 million to $179 million, or $4.17 to $4.37 per diluted share . Q3 earnings per share view $1.22 -- Thomson Reuters I/B/E/S . FY 2016 earnings per share view $4.29 -- Thomson Reuters I/B/E/S . Q2 adjusted NON-GAAP earnings per share $1.08 . Q2 GAAP earnings per share $0.32 . Q2 revenue $233.9 million versus I/B/E/S view $223.7 million . Q2 earnings per share view $1.02 -- Thomson Reuters I/B/E/S . Sees Q3 2016 revenue $272 million to $282 million . Sees FY 2016 revenue $975 million to $1.0 billion . Says during quarter, fuel prices and foreign currency translations negatively impacted revenue by $13.6 million and $2.2 million, respectively . Says Q2 total fuel transactions processed increased 2 pct from Q2 2015 to 104.9 million .Q3 revenue view $253.7 million -- Thomson Reuters I/B/E/S.  Full Article

Wex says it has sold about $355 million in equity financing
Monday, 18 Jul 2016 

Wex Inc : Says it has sold about $355 million in equity financing - SEC Filing Source - http://bit.ly/29Qchkp Further company coverage: [WEX.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

BRIEF-Wex Enters Into Third Amendment To Credit Agreement

* WEX INC - ‍ON JAN. 17, CO ENTERED INTO THIRD AMENDMENT TO CREDIT AGREEMENT, DATED AS OF JULY 1, 2016 - SEC FILING​