WEX hiring Information Management Specialist Intern in United States Partner account executives. Delayed quotes by FIS. Benefits revenues of $164.9 million registered 36% year-over-year growth. The adjusted operating income margin was 37.6%, down 160 basis points year over year. Our easy-to-use APIs in our developer portal give you access to the most complete embedded payment platforms and fintech offerings. Drawn from diverse cultures and experiences, we always seek a better way. We make it easy to pay and get paid across your entire organization. The exclusion of these items helps management compare changes in operating results between periods that might otherwise be obscured due to currency fluctuations; The change in fair value of contingent consideration, which is related to the acquisition of certain contractual rights to serve as custodian or sub-custodian to HSAs, is dependent upon changes in future interest rate assumptions and has no significant impact on the ongoing operations of the Company. WEX [has] offered better service and better technology, and they customized their solutions to adapt to our highly specific needs. ZacksTrade and Zacks.com are separate companies. Any statements in this earnings release that are not statements of historical facts are forward-looking statements. Women play an important role at WEX. Women play an important role at WEX. Want the latest recommendations from Zacks Investment Research? Adjusted net income is now expected between $13.85 and $14.25 per share . Benefits average number of Software-as-a-Service accounts were up 14% to 20.3 million year over year. WEX / Discovery Benefits COBRA Account Login Information Your health plan drives many of your decisions during open Over the past few years, the risk of a cyber attack has become Find the best fuel card or fleet mobility management solution to save money and meet the evolving needs of any type of fleet or size of business. Browse our category menus to discover hundreds of online resources frequently used by faculty and staff, or use the search to find people. Tax savings. Existing User. Choosing an HDHP versus a PPO/traditional health plan, 9 ways your benefits administration partner should be supporting you, Inventory Information Approval System (IIAS). In addition, since debt issuance cost amortization is dependent upon the financing method, which can vary widely company to company, we believe that excluding these costs helps to facilitate comparison to historical results as well as to other companies within our industry; The adjustments attributable to non-controlling interests, including adjustments to the redemption value of a non-controlling interest, have no significant impact on the ongoing operations of the business; The tax related items are the difference between the Companys GAAP tax provision and a pro forma tax provision based upon the Companys adjusted net income attributable to shareholders before taxes as well as the impact from certain discrete tax items. For the second quarter of 2023, WEX anticipates revenues in the range of $613-$623 million, higher than the current Zacks Consensus Estimate of $609.42 million. 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. Corporate Payments revenues of $104.8 million were up 36% year over year. The travel industry is evolving. Listen (or watch) and subscribe to Benefits Buzz Apple Spotify The Company's adjusted net income attributable to shareholders guidance, which is a non-GAAP measure, excludes unrealized gains and losses on financial instruments, net foreign currency gains and losses, changes in fair value of contingent consideration, acquisition-related intangible amortization, other acquisition and divestiture related items, stock-based compensation, other costs, debt restructuring and debt issuance cost amortization, and certain tax related items. Welcome to your single source for all you need to know about your benefit account (s). WEX's first-quarter 2023 revenues benefit . Total revenues of $1.3 billion surpassed the consensus estimate by 1.5% but decreased 4.5% year over year. Your current debit cards and previous correspondence should already have WEX name and logo. Check out all our insights on staffing, benefits offerings, and retention techniques on our Benefits Trends report. WEX shares have gained 4.2% in the past year against the 3.1% decline of theindustryit belongs to. 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 All fields must be completed unless marked (optional). Only the fastest, easiest, most secure B2B payments solution will do. You can seethe complete list of todays Zacks #1 (Strong Buy) Rank stocks here. Anyway, kept getting emails periodically and decided to register and view my account finally. Since we cover a range of employee benefits needs, we can adapt our solution as your goals change. As a result, there will be upcoming brand changes that will impact your flexible spending, health savings, and commuter benefits accounts. We also continued to opportunistically return capital to shareholders, repurchasing $93 million of shares during the quarter. As a user , WEX Health (formerly Evolution1) provided the organization with Flex benefit management and Cobra. In addition, adjusted net income attributable to shareholders, adjusted operating income and total segment adjusted operating income as used by WEX may not be comparable to similarly titled measures employed by other companies. Type a symbol or company name. They give you a single debit card for both accounts and it automatically knows (based on the vendor) if a transaction should come out of your HSA or commuter benefits account. This includes personalizing content and advertising. You can better control these large expenses and streamline your mixed fleet operations with automation and insights from WEX. Participant services. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Keep more of your money in your business, where it belongs.Apply for a fleet card today! Get Started Contact Us - Call . Benefits revenues of $164.9 million registered 36% year-over-year growth. Email. Note that the login experience for COBRA and direct bill participants will not change on Feb. 26. (unaudited), Change in fair value of contingent consideration, Net unrealized (loss) gain on financial instruments, Less: Net income from non-controlling interests, Change in value of redeemable non-controlling interest. I personally have been on the phone with their staff and was thoroughly impressed with their professionalism and empathy. If your needs fall somewhere in-between, weve got you covered. It's great to have all of our HSA, FSA and COBRA on one software. New users can create a new account to get started. Username. Cash flows from operating activities through the first quarter of this year are $27.1 million. When your card expires, or you report your card lost or stolen, you will receive a WEX benefits card. 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). The average number of vehicles serviced was around 18.7 million, up 9% from the year-ago quarters figure. Average number of vehicles serviced was approximately 18.7 million, an increase of 9% from the first quarter of 2022. Health plans WEX Inc. - WEX Completes Acquisition of benefitexpress (unaudited), Net cash provided by (used for) operating activities, Purchases of property, equipment and capitalized software, Purchases of available-for-sale debt securities, Sales and maturities of available-for-sale debt securities, Acquisitions, net of cash and restricted cash acquired, Net activity from share-based compensation plans, Net cash provided by financing activities, Effect of exchange rates on cash, cash equivalents and restricted cash, Net change in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash, beginning of period, Cash, cash equivalents and restricted cash, end of period. The COVID-19 National Emergency is over. Username Forgot Username? Adjusted net income is now expected between $13.85 and $14.25 per . Equifax(EFX Quick QuoteEFX - Free Report) also reported a beat on both counts in its first-quarter 2023 results. Reconciliation of GAAP Operating Cash Flow to Adjusted Free Cash Flow. Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Real time prices by BATS. Put the power of our intelligent commerce platform to work in your own payments solution. In addition, the size and complexity of an acquisition, which often drives the magnitude of acquisition-related costs, may not be indicative of such future costs. 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. The Company's forward-looking statements do not reflect the potential future impact of any alliance, merger, acquisition, disposition or stock repurchases. The Company's non-GAAP adjusted net income attributable to shareholders excludes unrealized gains and losses on financial instruments, net foreign currency gains and losses, change in fair value of contingent consideration, acquisition-related intangible amortization, other acquisition and divestiture related items, stock-based compensation, other costs, debt restructuring and debt issuance cost amortization, adjustments attributable to our non-controlling interests, and certain tax related items. Written by 3 key themes from WEX SPARK 2023 to help you simplify the business of 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. Discovery Benefits is now WEX | Hub Total revenues of $1.3 billion surpassed the consensus estimate by 1.5% but decreased 4.5% year over year. OMCs earnings of $1.56 per share beat the Zacks Consensus Estimate by 13% and our estimate by 11.4%. 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. WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. Gusto offers payroll, benefits and compliance capabilities. Our passion for continuous innovation and our unparalleled level of service were further fueled when Discovery Benefits . For employees the WEX Flex benefit , We use WEX Health for our employees HSA, FSA and COBRA accounts and tracking. The balance is $1500 can I just withdraw that because it seems like I can? March 03, 2021. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. 87% more employers changed their benefits in 2022 versus 2021. You can view the status of your claims and upload documentation easily with our benefits mobile app or through your online account. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. However I would like to see more details. Discovery Benefits is now WEX - WEX Benefits You Corporate Payments revenues of $104.8 million were up 36% year over year. WEX exited the quarter with a cash and cash equivalents balance of $921.7 million compared with $922 million witnessed at the end of the prior quarter. Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. WEX helps you innovate at scale. Visit www.zacksdata.com to get our data and content for your mobile app or website. Our continued business momentum gives me further confidence in our ability to execute against our growth strategy and achieve our long-term financial targets, even in dynamic macroeconomic environments.. WEX Health, Inc. | Complaints | Better Business Bureau Profile For the second quarter of 2023, the Company expects revenue in the range of $613 million to $623 million and adjusted net income attributable to shareholders in the range of $3.45 to $3.55 per diluted share. With real-time access and intuitive navigation to all your important account information, our app includes the following features: Easy, Convenient & Secure Welcome to WEX! Participants/employees. These are just a few of the dedicated teams we have in place to ensure you have the best experience. The top line decreased 7.6% year over year. 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. It allows a good amount of visibility for FSAs and COBRA communications. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. During the first quarter of 2023 the Company repurchased approximately 525,000 shares of its stock for a total cost of approximately $93 million. We have a file feed connected to WEX Health from our HRIS, so it really helps us stay compliant automatically, with General Notices and Specific Rights Notices when we have new hires or terms. Reviewers also preferred doing business with WEX Benefits overall. There are no changes to the business conducted in each segment. This also includes non-recurring professional service costs, costs related to certain identified initiatives, including restructuring and technology initiatives, to further streamline the business, improve the Companys efficiency, create synergies and globalize the Companys operations, all with an objective to improve scale and efficiency and increase profitability going forward; Debt restructuring and debt issuance cost amortization are unrelated to the continuing operations of the Company. What Happened To Marguerite De Carrouges, One Bedroom Apartments Midwood Brooklyn, Fakest Zodiac Signs Yahoo, Articles W
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