WEX Inc (NYSE:WEX)

$ 189.8 3.86 (2.08%) Market Cap: 7.55 Bil Enterprise Value: 7.87 Bil PE Ratio: 24.09 PB Ratio: 4.50 GF Score: 89/100

WEX Inc at Deutsche Bank Technology Conference Transcript

Sep 10, 2019 / 11:15PM GMT

Release Date Price: $203.99 (-0.02%)

Transcript

Ashish Sabadra

Deutsche Bank AG, Research Division - Research Analyst

Good afternoon, everyone. Thanks, again, for coming. I'm Ashish Sabadra. I am the senior analyst for business and information services sector, and we are excited here to have the WEX team here with us.

Questions & Answers

Ashish Sabadra

Deutsche Bank AG, Research Division - Research Analyst

So maybe I'll kick off the conversation just talking about the organic growth. So organic growth accelerated from 6% to 11% in second quarter, and the guidance implies a further acceleration in organic growth in the back half of the year. So maybe if you can just help us understand at a high level what are the growth drivers driving that acceleration in organic growth.

Steven Alan Elder

WEX Inc. - SVP of Global IR

Yes. It's -- I mean the biggest single factor is obviously the onboarding of the Shell and Chevron portfolios that we've been working on for quite some time now, but just kind of, I'll say, completed fairly recently at end of the second

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