WEX Inc. (NYSE: WEX) on Monday reported a 16% increase in total
revenue for the fourth quarter of 2014 compared to the same period in
2013, which enabled the company to end the year with $817.6 million in
total revenue, up 14% from $717.5 million in 2013.
The South Portland-based company reported total revenue of $211.9 million for the quarter that ended Dec. 31, compared to $182.3 million for the fourth quarter of 2013. Net income to common shareholders on a generally accepted accounting principles (GAAP) basis was $47.9 million, or $1.23 per diluted share, compared with $34.5 million, or $0.88 per diluted share, for the fourth quarter of 2013.
For the full year, net income to common shareholders on a GAAP basis was $5.18 per diluted share compared to $3.82 per diluted share in 2013.
On a non-GAAP basis, the company's adjusted net income for the fourth quarter of 2014 decreased 18% to $37.2 million, or $0.96 per diluted share, from $45.7 million, or $1.17 per diluted share, for the same period a year ago.
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The South Portland-based company reported total revenue of $211.9 million for the quarter that ended Dec. 31, compared to $182.3 million for the fourth quarter of 2013. Net income to common shareholders on a generally accepted accounting principles (GAAP) basis was $47.9 million, or $1.23 per diluted share, compared with $34.5 million, or $0.88 per diluted share, for the fourth quarter of 2013.
For the full year, net income to common shareholders on a GAAP basis was $5.18 per diluted share compared to $3.82 per diluted share in 2013.
On a non-GAAP basis, the company's adjusted net income for the fourth quarter of 2014 decreased 18% to $37.2 million, or $0.96 per diluted share, from $45.7 million, or $1.17 per diluted share, for the same period a year ago.
Read more at Click here / www.trade4x.net
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