Articles from WEX

WEX Inc. (NYSEWEX) (the “Company”), the global commerce platform that simplifies the business of running a business, today announced that it had priced and upsized its previously announced offering (the “Offering”) of $550 million in aggregate principal amount of its new 6.500% senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). This represents an increase of $50 million in the aggregate principal amount of the Notes, from the previously announced amount of $500 million. The Notes will be guaranteed on a senior unsecured basis by each of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s senior secured credit facilities.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that it has commenced an offering (the “Offering”) of $500 million in aggregate principal amount of new senior unsecured notes due 2033 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by each of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s senior secured credit facilities.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced its current intention to launch a “modified Dutch auction” tender offer to purchase up to $750 million worth of common stock, par value $0.01 per share (“Common Stock”) at a cash purchase price of not less than $148 per share nor greater than $170 per share (the “Purchase Price”). WEX currently expects to consummate one or more debt financings, resulting in aggregate gross proceeds of at least $750 million, to be used principally to fund the anticipated tender offer. The tender offer is currently expected to commence tomorrow, February 26, 2025, and to expire at one minute after 11:59 p.m., New York City Time, on Tuesday, March 25, 2025, unless the offer is extended or earlier terminated. The tender offer is expected to be subject to certain conditions, including a financing condition, each of which must be satisfied prior to the expiration time of the tender offer in order to ultimately consummate the tender offer.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, and Chief Financial Officer, Jagtar Narula, will host a conference call moderated by Sanjay Sakhrani of Keefe, Bruyette & Woods, Inc. (KBW) on Friday, February 28, 2025, at 11:00 a.m. ET. There will be an opportunity for investors to ask questions of the management team.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2024.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the expansion of its electric vehicle (EV) charging solution for Europe’s commercial fleets. This milestone comes at a pivotal time as businesses face rising fuel costs and increasing regulatory pressures to reduce carbon emissions.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, after market close. The press release and WEX’s newly-introduced supplemental materials packet—which includes a summary and discussion of our fourth quarter performance—will be available that same afternoon through the investor relations section of the WEX website, www.wexinc.com.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced a nationwide partnership with EV charger installation provider Qmerit to streamline the installation of EV chargers at the homes of commercial fleet drivers.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the UBS Global Technology and AI Conference on Tuesday, December 3, 2024, at approximately 12:50 PM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced a partnership with select employers to pilot two new artificial intelligence (AI) enhancements embedded within WEX’s benefits administration platform, My Benefit Express. Timed with open enrollment season and as industry pundits explore how AI can be successfully built for and leveraged within employee benefits, WEX announced the pilot launch of its Benefit Assistant and BeneFITwise Premier capabilities, both of which harness AI to provide employees with personalized and actionable insights that can empower them to make informed decisions about their benefits.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the release of the WEX Medicare Advantage marketplace, a new digital shopping solution embedded within the member experience of its Medicare Advantage supplemental benefits platform.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced an expanded agreement with Holman, one of the largest integrated automotive service companies in North America, that extends the companies’ longstanding partnership through 2030.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2024.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2024 financial results before the market opens on Thursday, October 24, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the general availability release of 10-4 by WEX, a free mobile app that provides independent truckers and small trucking companies in the U.S. with fuel discounts typically reserved for larger trucking enterprises. This increases WEX’s total addressable market in its Mobility segment by expanding its diesel product offerings to sole proprietors and other independent businesses.

A new study by Frost & Sullivan commissioned by WEX (NYSEWEX), the global commerce platform simplifying the business of running a business, reveals that mixed-energy fleets are projected to increase given anticipated commercial EV adoption rates. According to the study, 80% of mixed-energy fleet operators intend for at least 25% of their fleets to be comprised of electric vehicles (EVs) by 2030 and 42% stated that half or more of their fleet would be composed of EVs by 2030.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its board of directors has authorized an amended share repurchase program under which up to an additional $1.0 billion worth of WEX’s common stock may be repurchased, expanding the total authorization to $2.05 billion through December 31, 2025.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it has entered into an accelerated share repurchase (“ASR”) agreement with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase an aggregate of $300 million of WEX’s outstanding common stock. WEX entered into the ASR under its existing $1.05 billion amended share repurchase authorization, which was announced in February 2024.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2024.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2024 financial results before the market opens on Thursday, July 25, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, has obtained a preliminary injunction to stop the infringing conduct of HP Inc. and Hewlett-Packard Development Company, L.P. (collectively, “HP”) and to protect the WEX brand.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that Sara Trickett, current Acting General Counsel and Assistant Corporate Secretary at WEX, has been appointed Chief Legal Officer and Corporate Secretary, effective June 4, 2024.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the William Blair Growth Stock Conference on Tuesday, June 4, 2024, at approximately 1:00 PM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached an agreement with Shell to manage Shell’s portfolio of commercial fleet cards across North America, offering customers a full range of features, functionality, and solutions to meet the everyday demands of a modern commercial fleet. This represents a continuation of agreements first established in 2018 and covers the United States, Canada, and Mexico.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that it will present at the following upcoming investor conferences:

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2024.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached a new long-term agreement with Booking.com, effective April 2024. This agreement distinguishes WEX as Booking.com’s preferred virtual card provider as it continues providing WEX payment solutions in support of Booking.com’s payments vision to make buying and selling travel-related products and services easier for everyone.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the general availability of WEX EV At-Home in the United States, an innovative, cutting edge solution that automates reporting and reimbursement for any organization with electric vehicles (EVs) that employees bring to their personal residence to charge overnight, the most cost effective way to charge. When coupled with WEX’s other commercial fleet innovations, including WEX En Route, business can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting a balance of innovation, operational reliability, and efficiency at any stage of a company's transition to EVs.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2024 financial results before the market opens on Thursday, April 25, 2024. From WEX, Melissa Smith, Chair, Chief Executive Officer, and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, will welcome tennis champion Venus Williams, one of the most inspiring figures in the history of sports and an accomplished businessperson at WEX SPARK 2024, taking place in Orlando on April 8-10. The annual learning and networking event will include keynote remarks from WEX executives such as CEO Melissa Smith, feature Smith in conversation with Williams, and offer breakout opportunities so industry leaders can focus on how to grow their business by harnessing innovative technologies and emerging trends meant to simplify payments, fleet and mobility management, and benefits administration.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, has been named as one of America’s Greatest Workplaces for Diversity and America’s Greatest Workplaces for Women for 2024 by Newsweek and Plant-A Insights Group. These Newsweek awards signal external recognition of the efforts WEX is making toward its 2025 business aspirations to aspire to gender parity in leadership roles and to increase employees of color in U.S. leadership roles to be more representative of national demographics and the customers and partners WEX serves.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the 45th Annual Raymond James Institutional Investors Conference on Tuesday, March 5, 2024, at approximately 10:25 AM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its board of directors has authorized an amended share repurchase program under which up to an additional $400 million worth of WEX’s common stock may be repurchased, expanding the total authorization to $1.05 billion.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at KBW’s 2024 Fintech & Payments Conference on Tuesday, February 27, 2024, at approximately 12:40 PM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2023.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2023 financial results before the market opens on Thursday, February 8, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technology Officer (CTO). In this position, Mr. Dhawan will lead WEX’s global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT, and technology-risk management.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that Aimee Cardwell has been elected to its Board of Directors effective December 7, 2023. Ms. Cardwell, who brings over 20 years of leadership experience, has held senior positions at companies across the payments and health spaces, most recently as the Chief Information Security Officer at UnitedHealth Group.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Melissa Smith, will present at the Raymond James TMT and Consumer Conference on Tuesday, December 5, 2023, at approximately 10:55 AM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the UBS Global Technology Conference on Wednesday, November 29, 2023, at approximately 2:15 PM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that it has completed the previously announced acquisition of Payzer, a high-growth, cloud-based, field service management software provider.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2023.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the signing of a definitive agreement to acquire Payzer, a high-growth, cloud-based, field service management software provider. Upon expected completion, the acquisition will advance WEX’s growth strategy of expanding its product suite and creating additional cross-sell opportunities by providing a new, scalable SaaS solution for its approximately 150,000 small business customers who operate field service companies.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2023 financial results before the market opens on Thursday, October 26, 2023. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today published its third annual environmental, social, and governance (ESG) report. The report captures WEX’s ongoing ESG strategy and performance throughout 2022 across a team that has grown to more than 6,600 employees in 16 countries.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Board of Directors has authorized a new investment arm of WEX, WEX Venture Capital, to invest up to $100 million through the end of 2025, which will likely be made predominantly in early-stage companies focused on the energy transition, including areas such as fleet electrification, the electric vehicle (EV) charging ecosystem, energy management and optimization, and adjacent technology. WEX Venture Capital has already started to deploy capital, including minority investments in Chargetrip and ev.energy.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30, 2023.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2023 financial results before the market opens on Thursday, July 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, will host its previously announced Benefits Investor Event today beginning at 3:30 p.m. ET and concluding at approximately 4:30 p.m. ET. Melissa Smith, WEX’s Chair, Chief Executive Officer, and President, and other members of the WEX leadership team will provide an in-depth review of the Benefits segment, including the product set, growth drivers, and financial profile.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair, Chief Executive Officer and President, Melissa Smith, will present at the William Blair Growth Stock Conference on Tuesday, June 6, 2023, at approximately 11:40 AM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will host a Benefits Investor Event on Thursday, June 1, 2023, to provide an in-depth review of this segment, including the product set, growth drivers, and financial profile. The event will begin at 3:30 p.m. ET and conclude at approximately 4:30 p.m. ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31, 2023.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, has recognized 16 companies and business leaders with the 2022 WEX Community Awards and inducted 26 companies into the WEX Circle of Excellence. The awards and induction honor unparalleled partnership in making it easy for companies to overcome complexity and reach their full potential. These are merit recognitions for best-in-class companies and business decision makers meant to underscore accomplishments and extraordinary efforts in 2022.

Across corporate America there’s a significant disconnect on the risks facing businesses. New research from WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, and Ipsos finds that when it comes to the challenges posed by inefficient processes, just 42% of C-Suite leaders see them as a problem compared to 61% of senior managers, a group that includes vice presidents, senior vice presidents, and senior executives.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2023 financial results before the market opens on Thursday, April 27, 2023. From WEX, Melissa Smith, Chair, Chief Executive Officer and President, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, will convene more than 1,000 business decision makers in San Diego on April 17-19 for WEX SPARK 2023. The annual learning and networking event will focus on new technologies and emerging industry trends meant to simplify payments, fleet management, and benefits administration and help fuel business growth.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the Wolfe FinTech Forum on Tuesday, March 14, 2023, at approximately 4:00 PM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair, Chief Executive Officer and President, Melissa Smith, will present at the Raymond James 44th Annual Institutional Investors Conference on Tuesday, March 7, 2023, at approximately 3:25 PM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Strategy Officer, Jay Dearborn, will present at the 7th Annual Evercore ISI Payments & Fintech Innovators Forum on Thursday, March 2, 2023, at approximately 12:30 PM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair, Chief Executive Officer and President, Melissa Smith, will present at the KBW Fintech Payments Conference on Wednesday, March 1, 2023, at approximately 8:00 AM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2022.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report fourth quarter and full year 2022 financial results before the market opens on Thursday, February 9, 2023. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. ET to discuss the Company's results.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the launch of the WEX Motorpass Driver App in Australia to help Aussie small to medium sized businesses (SMBs) tackle rising fuel prices and save money on the operation of their fleet vehicles.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Chief Financial Officer, Jagtar Narula, will present at the Credit Suisse 26th Annual Technology Conference on Tuesday, November 29, 2022, at approximately 6:25 PM ET.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced that its Senior Vice President of Global Investor Relations, Steve Elder, will present at the J.P. Morgan Ultimate Services Investor Conference on Thursday, November 17, 2022, at approximately 3:35 PM ET.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three and nine months ended September 30, 2022.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, announced that its board of directors has authorized an amended share repurchase program under which up to $650 million worth of WEX’s common stock may be repurchased.

WEX Inc. (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2022 financial results before the market opens on Thursday, October 27, 2022. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 A.M. EDT to discuss the Company's results.

In celebration of national Health Saving Account (HSA) Awareness Day on October 15, WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, is providing tools and educational resources to better equip HR professionals and employers to support employees with their benefits.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the public launch of Flume, an FDIC-insured digital wallet uniquely designed to bridge the digital divide for millions of small-and-medium-sized businesses (SMBs) in the U.S. Flume is provided by WEX Payments, a state-licensed money transmitter, in conjunction with a partner commercial bank.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, announced that its board of directors has today authorized a new share repurchase program under which up to $150 million worth of WEX’s common stock may be repurchased.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and external communications.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, is announcing today that it has plans to acquire the Exxon Mobil Business Card program. The acquisition will be contingent upon certain conditions and subject to closing. Upon completion of the acquisition, all of ExxonMobil’s commercial card portfolio will be consolidated and administered by WEX.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three and six months ended June 30, 2022.

WEX (NYSEWEX), the global commerce platform that simplifies the business of running a business, today published its second annual environmental, social and governance (ESG) report. The new analysis highlights WEX’s impact across 17 countries, 29 locations and more than 5,000 employees.