Melissa Smith

Earnings per share were 15.1% higher than the same period a year earlier and above the $3.9.1 per share consensus estimate of analysts polled by Zacks Investment Research.

In this role, Sandy Kuohn will lead WEX’s global people strategy, aligning talent, culture and organizational capabilities to advance the company’s strategy and focus on disciplined growth. 

WEX is Maine's second-largest publicly traded company, after IDEXX Laboratories Inc.

Over the last four quarters, the company has surpassed consensus earnings per share estimates three times.

Impactive Capital LP, a New York-based hedge fund and 7% shareholder in WEX, aims to replace three WEX board members and nominate four of its own unless WEX changes course before next year's annual meeting.

The revenue decrease includes an $8.5 million unfavorable impact from fuel prices and spreads and a $2.5 million unfavorable impact from foreign exchange rates, the Portland-based financial services technology provider said.

Drivers can now use WEX's 10-4 fuel-discount app at eight Maine Circle K locations and others nationwide under a multi-year contract renewal.

The Portland-based financial technology services provider also issued initial 2025 financial guidance.

The winners of the 2024 Governor's Awards for Business Excellence include a brewer, general contractor, manufacturer and financial technology services provider.

Over the last four quarters, WEX has surpassed consensus earnings per share estimates twice and revenue estimates just once.