Wex reports Q3 adjusted EPS $4.05, consensus $3.76

Reports Q3 revenue $651M, consensus $643.02M. “The third quarter marked another strong period of financial results for WEX along with meaningful progress against our strategic initiatives. I’m delighted to share that we were able to deliver record highs for quarterly revenue and adjusted net income per diluted share, even with fuel price headwinds, reflecting our strong momentum and resilient business model,” said Melissa Smith, WEX’s Chair, Chief Executive Officer, and President. “I am also excited to announce that we entered into a definitive agreement to purchase Payzer, a leader in field service management software that will extend our ability to serve our current Mobility customer base. In addition, we continue to advance our EV strategy, including the expansion of our DriverDash(TM) mobile app to include EV functionality. Overall, our performance this quarter positions us well to drive growth across the business heading into the end of the year.”