(6) Late fee revenue represents fees charged for payments not made within the terms of the customer agreement based upon the outstanding customer receivable balance. A replay of the webcast and the accompanying slides will be available on the Company's website. See Exhibit 1 for a full explanation and reconciliation of adjusted net income attributable to shareholders, adjusted net income attributable to shareholders per diluted share, and adjusted operating income to the most directly comparable GAAP financial measures. Reviewers also preferred doing business with WEX Benefits overall. For employees the WEX Flex benefit phone app was one of the best I have seen for this industry. WEX Health helps us accurately manage funding for FSAs and HSAs, and allows our employees to manage their own accounts. Weve simplified the experience from all angles with streamlined administration, insightful employer analytics, and intuitive participant access points. Offered employees an HSA with investment options. Now, I'd like to recap our business. Adjusted net income attributable to shareholders is now expected to be in the range of $13.85 to $14.25 per diluted share, an increase from the prior guidance range of $13.55 to $14.05 per diluted share. MANs adjusted earnings of $1.61 per share lagged the consensus mark by 0.6% but matched our estimate. Contact Participant Services by phone at 866-451-3399 or by email at customerservice@discoverybenefits.com. See our report's 7 new picks today, absolutely FREE. Choosing an HDHP versus a PPO/traditional health plan, 9 ways your benefits administration partner should be supporting you, Inventory Information Approval System (IIAS). Benefits revenues of $164.9 million registered 36% year-over-year growth. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Employee Resource Groups are great because it gives everyone a voice regardless of origin and background. The methodology utilized for calculating the Companys adjusted net income attributable to shareholders tax provision is the same methodology utilized in calculating the Companys GAAP tax provision; and. While accounting software has revolutionized accounting functions across businesses large and small, manual processes still play a big role in a huge number of accounts payable operations. r/personalfinance on Reddit: HSA withdrawal from WEX Zacks->. WEX offers technology and customized solutions that meet employers end-to-end benefits needs and power partners thriving benefits offerings. The forward-looking statements speak only as of the date of the initial filing of this earnings release and undue reliance should not be placed on these statements. That claim has now been approved, and the documentation for that claim was also used to offset and approve the 4 denied claims. Our passion for continuous innovation and our unparalleled level of service were further fueled when Discovery Benefits . Adjusted net income is expected between $3.45 and $3.55 per share. See segment revenue for the three months ended March 31, 2023 and 2022 in Exhibit 4 and information regarding segment adjusted operating income margin and adjusted operating income margin in Exhibit 5. After Feb. 26, go to wexinc.com, hover over Solutions and select Participants/Employees. I personally have been on the phone with their staff and was thoroughly impressed with their professionalism and empathy. ZacksTrade and Zacks.com are separate companies. In addition, adjusted free cash flow as used by WEX may not be comparable to similarly titled measures employed by other companies. For each period presented, $3.8 million of interest expense associated with our convertible notes, net of tax, was added back to adjusted net income attributable to shareholders, and approximately 1.6 million shares of the Companys common stock associated with the assumed conversion of the convertible notes were included in the calculation of adjusted net income attributable to shareholders per diluted share, as the effect of including such adjustments was dilutive.
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