Powered by WEX Health. You retain service and administration while depending on our benefits platform. We never really had one place for all of our HSA, FSA and COBRA needs. The Company does not allocate certain corporate expenses to our operating segments, as these items are centrally controlled and are not directly attributable to any reportable segment. When your card expires, or you report your card lost or stolen, you will receive a WEX benefits card. Ms. Smith added, We continued to drive technological innovation throughout the business while enhancing the scalability of our platform to win new customers and diversify our offerings. To that end, we were excited to expand our annual SPARK conference to bring together customers across the mobility, corporate payments, and benefits industries, showcasing how we can help companies simplify the business of running a business with data, payments, and digitization. Reviewers also preferred doing business with WEX Benefits overall. WEX provides end-to-end solutions and so much more. Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, corporate payments, and healthcare. Long-term debt was $2.6 billion compared with $2.5 billion at the end of the previous quarter. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3% and our estimate by 1.4%. The raised range is above the Zacks Consensus Estimate of $13.79. March 03, 2021. WEX offers complete benefits administration, including benefits accounts such as HSAs, FSAs, HRAs, LSAs, COBRA, and more | Set your business free by . WEXVets provides mentorship, development, and camaraderie for veteran employees, empowering them to capitalize on their unique experiences. If used at an IIAS merchant, simply swipe your card and it will automatically approve anything thats an eligible expense. Technology? WEX is a good organization that works well with the business office for ease of providing funding and record keeping. Our first quarter results were excellent as we achieved solid top-line growth, underpinned by continued execution against our strategic priorities, said Jagtar Narula, WEXs Chief Financial Officer. The midpoint of the guided range is the same as the current Zacks Consensus Estimate of $2.47 billion. I remember the frustrations experienced by employees submitting receipts with other providers. Real time prices by BATS. April 28, 2023, MAN Quick QuoteMAN OMC Quick QuoteOMC EFX Quick QuoteEFX WEX Quick QuoteWEX. Partner account executives. Adjusted net income is now expected between $13.85 and $14.25 per share . Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. r/personalfinance on Reddit: HSA withdrawal from WEX WEX Inc. Price, Consensus and EPS Surprise, WEX Inc. price-consensus-eps-surprise-chart, Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). WEX Inc. price-consensus-eps-surprise-chart | WEX Inc. Quote. We have created a powerful ecosystem that offers seamlessly embedded, personalized solutions for . Our card works at a variety of merchants. Offered employees an HSA with investment options. See Exhibit 1 for a reconciliation of GAAP operating income to total segment adjusted operating income. Specifically, in addition to evaluating the Company's performance on a GAAP basis, management evaluates the Company's performance on a non-GAAP basis that excludes the items specified above for the reasons discussed below: For the same reasons, WEX believes that adjusted net income attributable to shareholders, adjusted operating income and total segment adjusted operating income may also be useful to investors when evaluating the Companys performance. Reconciliation of GAAP Operating Cash Flow to Adjusted Free Cash Flow. Discovery Benefits is now known as WEX. EquifaxEFXalso reported a beat on both counts in its first-quarter 2023 results. Transcript : WEX Inc., Q1 2023 Earnings Call, Apr 27, 2023, WEX's Q1 Adjusted Earnings, Revenue Increase; Raises 2023 Guidance, Wex Inc. : Results of Operations and Financial Condition (form 8-K), Earnings Flash (WEX) WEX Reports Q1 Revenue $612M, vs. Street Est of $604.4M, Earnings Flash (WEX) WEX Reports Q1 EPS $3.31, vs. Street Est of $3.20, Citigroup Adjusts WEX Price Target to $230 From $190, Maintains Buy Rating. WEX Vets Match your military skills Make WEX your next career move At WEX, we recognize the true value of experience-acquired skills. Management believes that investors may find these measures useful for the same purposes, but cautions that they should not be considered a substitute for, or superior to, disclosure in accordance with GAAP. Note that the login experience for COBRA and direct bill participants will not change on Feb. 26. During the first quarter of 2023 the Company repurchased approximately 525,000 shares of its stock for a total cost of approximately $93 million. Full benefits administration. The average number of vehicles serviced was around 18.7 million, up 9% from the year-ago quarters figure. How do I get help with my account? WEX / Discovery Benefits COBRA Account Login Information WEX benefits platform VISIT PROFILE Pricing Not provided by vendor View Pricing Guide with similar products Free Trial Free Version SEE ALL PRICING Starting from $ 1.15 /Per-Month Pricing Model: Flat Rate Free Trial Free Version SEE ALL PRICING Best for 501-1000+ users Corporate Payments revenues of $104.8 million were up 36% year over year. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Check out all our insights on staffing, benefits offerings, and retention techniques on our Benefits Trends report. Our customers bring us their complex challenges. Our payments platform technologies give you everything you need to run an advanced payments program in one place, including the expertise to make payments smarter, faster, and more profitable. WEX Health helps us accurately manage funding for FSAs and HSAs, and allows , WEX is our administrator of several employee benefits, including Health Savings Accounts, commuter benefit accounts, an COBRA. Transit Program Recruiting and retention tools. Adjusted free cash flow, which is a non-GAAP measure, is negative $61.4 million for the same period, which is typically seasonally low. (form 10-Q), https://www.businesswire.com/news/home/20230425006008/en/. ADP Workforce Now is a cloud-based HR platform for mid-sized businesses. You can better control these large expenses and streamline your mixed fleet operations with automation and insights from WEX. New users can create a new account to get started. WEX Health works well for us. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. 1Q revenue increased 18% year-over-year to a first quarter record $612 million, 1Q GAAP net income was $1.56 per diluted share, down 42% year-over-year; 1Q adjusted net income attributable to shareholders increased 15% year-over-year to $3.31 per diluted share, 1Q GAAP operating income margin of 25.2% and adjusted operating income margin of 37.6%, Total volume increased 17% year-over-year to $52.3 billion. and the Health and Employee Benefits Solutions segment will now be renamed to Benefits. WEX Engaged Employer Overview 750 Reviews 214 Jobs 1.3K Salaries 109 Interviews 315 Benefits 4 Photos 305 Diversity + Add a Review WEX Employee Reviews about "benefit" Updated Apr 24, 2023 Search Reviews Clear All Full-time, Part-time English Filter Found 157 of over 751 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Global commerce platform simplifying business complexity | WEX Inc. Reviewers felt that Workday HCM meets the needs of their business better than WEX Benefits. Employees can save on hundreds of eligible healthcare expenses, like over-the-counter medications, routine healthcare visits, eyeglasses, contact lenses, sunscreen, and more. The Fleet Solutions segment will now be renamed to Mobility, the Travel and Corporate Solutions segment will now be renamed to Corporate Payments and the Health and Employee Benefit Solutions. Copy and paste multiple symbols separated by spaces. . Adjusted operating income margin was 37.6% in the first quarter of 2023 compared to 39.2% for the prior year comparable period. HR and benefits technology The total number of shares used in calculating adjusted net income attributable to shareholders per diluted share as of March 31, 2023 and 2022 is 45.2 million and 46.9 million, respectively.
Stratford Herald Advertising,
Genesis Alkali Green River, Wy Address,
Is It Legal To Carry A Sword In Michigan,
Articles W
wex benefits now