WEX, Inc. (NYSE:WEX) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET
Company Participants
Melissa Smith - Chairman, President & CEO
Steven Elder - SVP, Global IR
Jagtar Narula - CFO
Conference Call Participants
Darrin Peller - Wolfe Research
Robert Napoli - William Blair & Company
Ramsey El-Assal - Barclays Bank
Andrew Jeffrey - Truist Securities
Sanjay Sakhrani - KBW
Sheriq Sumar - Evercore ISI
Mihir Bhatia - Bank of America Merrill Lynch
Operator
Thank you for standing by. My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the WEX Q3 2023 Earnings Call. [Operator Instructions].
I will now hand the call over to Melissa Smith, CEO.
Melissa Smith
Thanks, Bailey. Before we begin our prerecorded remarks, I want to take a moment and acknowledge the mass shooting that occurred last night in Lewiston, Maine and the ongoing search for the shooter. As a Mainer and leading one of Maine's largest companies, I'm shocked, horrified and saddened by these events. We have approximately 1,200 employees in Maine, many of whom live in Lewiston or in the vicinity. Our hearts are with those who have lost loved ones in this senseless tragedy. Our hearts are also with those fellow WEXers and our community members that are now sheltering in their own homes, many with young children.
We praise the work of those that protect our community and hope that this tragedy comes to an end shortly, and we can move toward grieving without fear of it continuing. It's a reminder that the tragedies that happens all over the world today doesn't escape any corner. We appreciate you lending your heart today to those that are suffering in this corner of the world. Bailey, please begin our prerecorded remarks, and Jagtar and I will open it up for Q&A thereafter.
Steven Elder
Thank you, operator, and good morning, everyone. With me today is Melissa Smith, our Chair and CEO; and Jagtar Narula, our CFO. The press release we issued earlier this morning and a slide deck to walk through our prepared remarks have been posted to the Investor Relations section of our website at wexinc.com. A copy of the release has also been included in an 8-K we filed with the SEC earlier this morning.
As a reminder, we will be discussing non-GAAP metrics, specifically adjusted net income attributable to shareholders, which we refer to as adjusted net income, or ANI, adjusted operating income and related margin as well as adjusted free cash flow during our call. Please see Exhibit 1 of the press release for an explanation and reconciliation of these non-GAAP measures. The company provides revenue guidance on a GAAP basis and earnings guidance on a non-GAAP basis due to the uncertainty and the indeterminate amount of certain elements that are included in reported GAAP earnings.