get a key
steadybase-$ person Roberto Simón
nameRoberto Simón
roleCFO
company WEX Inc. WEX
linkedin none on file
contactnot published
filings
2021-10-28 earnings-call quote receipt
quotes
Turning to slide 11 and breaking down the revenue by segment, fleet solutions grew 25%, Travel and corporate solutions posted a 42% increase.

Oct 28, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-10-28 | transcript 8bb2c0bf-f067-408f-a4c1-21a929c97acd | chars 16088-16229 | segment 16

Revenue from travel-related customers was up 153% versus Q3 2020, and also up 70% sequentially, reflecting seasonality, increasing demand, and a significant contribution from Inet and Optum.

Oct 28, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-10-28 | transcript 8bb2c0bf-f067-408f-a4c1-21a929c97acd | chars 17705-17895 | segment 17

For the second quarter, total revenue exceeded the high end of expectations. primarily due to better than expected volume recovery in the fleet and travel and corporate solution segment, higher fuel prices, and COVID revenue stemming from recent law changes.

Jul 29, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-07-29 | transcript fd544c00-ba4f-4817-8bf5-a69552d79eb6 | chars 14336-14594 | segment 14

Turning to travel and corporate solutions on slide number 14. Total segment revenue for the quarter increased 50% to $81.8 million. Additionally, purchase volume issued by WEX was $8.7 billion, with volume from travel-related customers representing the majority.

Jul 29, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-07-29 | transcript fd544c00-ba4f-4817-8bf5-a69552d79eb6 | chars 16596-16858 | segment 17

Travel and corporate solutions posted a 16% decrease.

Apr 29, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-04-29 | transcript b30de667-8471-48df-88f4-15c41a6a5d93 | chars 16968-17021 | segment 17

On the other hand, revenue from travel-related customers was down 67%, including approximately $5 million from Inet and Opdal.

Apr 29, 2021 / CFO / receipt, needs a key / Roberto Simón, CFO | earnings call 2021-04-29 | transcript b30de667-8471-48df-88f4-15c41a6a5d93 | chars 19277-19403 | segment 19

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