WEX Inc. (WEX) Q1 2023 Earnings Call Transcript

WEX Inc. (NYSE:WEX) Q1 2023 Earnings Convention Name April 27, 2023 10:00 AM ET

Firm Members

Steve Elder – Senior Vice President-International Investor Relations

Melissa Smith – Chair, Chief Government Officer, and President

Jagtar Narula – Chief Monetary Officer

Convention Name Members

Sanjay Sakhrani – Keefe Bruyette & Woods Inc.

Tien-Tsin Huang – JPMorgan Chase & Co.

David Koning – Robert W. Baird & Co. Inc

Darrin Peller – Wolfe Analysis, LLC

Nik Cremo – Credit score Suisse

Robert Napoli – William Blair & Co. LLC

Ramsey El-Assal – Barclays Funding Financial institution

Mihir Bhatia – Financial institution of America Securities

Andrew Jeffrey – Truist Securities, Inc.


Hiya and welcome to the WEX Q1 2023 earnings name. All traces have been positioned on mute to stop any background noise. After the audio system’ remarks, there can be a question-and-answer session. (Operator Directions)

I’ll now flip the convention over to Steve Elder. Please go forward.

Steve Elder

Thanks, operator and good morning, everybody. With me at this time is Melissa Smith, our chair, CEO and President and Jagtar Narula, our CFO. The press launch we issued earlier this morning and a slide deck to stroll by way of our ready remarks have been posted to the Investor Relations part of our web site at wexinc.com. A duplicate of the discharge has additionally been included in an 8-Ok we filed with the SEC earlier this morning.

I’d additionally need to point out that we’re renaming our present segments in reference to the rebranding initiatives. The Fleet Options section will now be renamed to mobility. The Journey and Company Options section will now be renamed to Company Funds and the Well being and Worker Advantages Options section will now be renamed to advantages. There are not any modifications to what’s included in every section. As a reminder, we can be discussing non-GAAP metrics, particularly adjusted web

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