Winland Electronics Earnings 2020-09-30

Balance Sheet	Income Statement	Cash Flow
Assets, Equity	Rev, G Profit, Net Income	Ops, Inv, Fin

wex-20200930

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2020


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-32426

WEX Inc.

(Exact name of registrant as specified in its charter)

Delaware

01-0526993

(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer
Identification No.)

1 Hancock St.,

Portland,

04101

(Address of principal executive offices)

(Zip Code)

(207) 773–8171

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

WEX

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S–T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b–2 of the Exchange Act.

Large Accelerated Filer

☒

Accelerated Filer

☐

Non-accelerated Filer

☐

Smaller Reporting Company

☐

Emerging Growth Company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b–2 of the Exchange Act).

☐ Yes ☒ No

Number of shares of common stock outstanding as of October 29, 2020 was 44,130,035.

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TABLE OF CONTENTS




FORWARD–LOOKING STATEMENTS		3
ACRONYMS AND ABBREVIATIONS		4
PART I—FINANCIAL INFORMATION

Item 1.	Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	41
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	61
Item 4.	Controls and Procedures	61

PART II—OTHER INFORMATION

Item 1.	Legal Proceedings	62
Item 1A.	Risk Factors	62
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	66
Item 6.	Exhibits	67

SIGNATURE

Table of Contents

Unless otherwise indicated or required by the context, the terms “we,” “us,” “our,” “WEX,” or the “Company,” in this

Quarterly Report on Form 10–Q mean WEX Inc. and all of its subsidiaries that are consolidated under Generally Accepted Accounting Principles in the United States.

FORWARD–LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for statements that are forward-looking and are not statements of historical facts. This Quarterly Report includes forward-looking statements including, but not limited to, statements about management’s plan and goals. Any statements in this Quarterly Report that are not statements of historical facts are forward-looking statements. When used in this Quarterly Report, the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Forward-looking statements relate to our future plans, objectives, expectations and intentions and are not historical facts and accordingly involve known and unknown risks and uncertainties and other factors that may cause the actual results or performance to be materially different from future results or performance expressed or implied by these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this Quarterly Report and in oral statements made by our authorized officers:

•the extent to which the coronavirus (COVID-19) pandemic and measures taken in response thereto impact our business, results of operations and financial condition in excess of current expectations;

•the effects of general economic conditions on fueling patterns as well as payment and transaction processing activity;

•the impact of foreign currency exchange rates on the Company’s operations, revenue and income;

•changes in interest rates;

•the impact of fluctuations in fuel prices, including the impact of any continued reductions in fuel price and the resulting impact on our revenues and net income;

•the effects of the Company’s business expansion and acquisition efforts;

•potential adverse changes to business or employee relationships, including those resulting from the completion of an acquisition;

•competitive responses to any acquisitions;

•uncertainty of the expected financial performance of the combined operations following completion of an acquisition;

•the failure to complete or successfully integrate the Company’s acquisitions;

•the ability to realize anticipated synergies and cost savings;

•unexpected costs, charges or expenses resulting from an acquisition;

•the Company’s failure to successfully acquire, integrate, operate and expand commercial fuel card programs;

•the failure of corporate investments to result in anticipated strategic value;

•the impact and size of credit losses;

•the impact of changes to the Company’s credit standards;

•breaches of the Company’s technology systems or those of our third-party service providers and any resulting negative impact on our reputation, liabilities or relationships with customers or merchants;

•the Company’s failure to maintain or renew key commercial agreements;

•failure to expand the Company’s technological capabilities and service offerings as rapidly as the Company’s competitors;

•failure to successfully implement the Company’s information technology strategies and capabilities in connection with its technology outsourcing and insourcing arrangements and any resulting cost associated with that failure;

•the actions of regulatory bodies, including banking and securities regulators, or possible changes in banking or financial regulations impacting the Company’s industrial bank, the Company as the corporate parent or other subsidiaries or affiliates;

•legal, political and economic uncertainty surrounding the United Kingdom’s departure from the European Union;

•the impact of the transition from LIBOR as a global benchmark to a replacement rate;

•the impact of the Company’s outstanding notes on its operations;

•the impact of increased leverage on the Company’s operations, results or borrowing capacity generally, and as a result of acquisitions specifically;

•the impact of sales or dispositions of significant amounts of our outstanding common stock into the public market, or the perception that such sales or dispositions could occur;

•the possible dilution to our stockholders caused by the issuance of additional shares of common stock or equity-linked securities;

•the incurrence of impairment charges if our assessment of the fair value of certain reporting units changes;

•the uncertainties of litigation, including the legal proceedings with respect to the purchase agreement relating to the proposed eNett and Optal acquisition; as well as

•other risks and uncertainties identified in Item 1A of our Annual Report on Form 10–K for the year ended December 31, 2019 and our Form 10-Qs for the quarters ended March 31, 2020 and June 30, 2020, filed respectively with the Securities and Exchange Commission on February 28, 2020, May 11, 2020, and August 5, 2020.

Our forward-looking statements and these factors do not reflect the potential future impact of any alliance, merger, acquisition, disposition or stock repurchases. The forward-looking statements speak only as of the date of the initial filing of this Quarterly Report and undue reliance should not be placed on these statements. We disclaim any obligation to update any forward-looking statements as a result of new information, future events or otherwise.

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ACRONYMS AND ABBREVIATIONS

The acronyms and abbreviations identified below are used in this Quarterly Report, including the unaudited condensed consolidated financial statements and the notes thereto. The following is provided to aid the reader and provide a reference point when reviewing this Quarterly Report.


2016 Credit Agreement			Credit agreement entered into on July 1, 2016, as amended from time to time, by and among the Company and certain of its subsidiaries, as borrowers, WEX Card Holding Australia Pty Ltd., as designated borrower, and Bank of America, N.A., as administrative agent on behalf of the lenders.
Adjusted net income or (“ANI”)			A non-GAAP measure that adjusts net income attributable to shareholders to exclude unrealized gains and losses on financial instruments, net foreign currency remeasurement gains and losses, acquisition-related intangible amortization, other acquisition and divestiture related items, loss on sale of subsidiary, stock-based compensation, other costs, debt restructuring and debt issuance cost amortization, adjustments attributed to our non-controlling interests and certain tax related items.
ASC			Accounting Standards Codification

ASU 2016–13 or (“Topic 326”)			Accounting Standards Update No. 2016–13 Financial Instruments – Credit Losses (Topic 326)
ASU 2014–09 or (“Topic 606”)			Accounting Standards Update No. 2014–09 Revenue from Contracts with Customers (Topic 606)
Australian Securitization Subsidiary			Southern Cross WEX 2015–1 Trust, a special purpose entity consolidated by the Company
B2B			Business-to-business
CODM			Chief operating decision maker
Company			WEX Inc. and all entities included in the unaudited condensed consolidated financial statements
Convertible Notes			Convertible senior unsecured notes due on July 15, 2027 in an aggregate principal amount of $310 million with a 6.5 percent interest rate, issued July 1, 2020
COVID-19 or (“coronavirus”)			An infectious disease caused by the SARS-CoV-2 virus. The World Health Organization declared the coronavirus outbreak a global pandemic on March 11, 2020.
Discovery Benefits			Discovery Benefits, Inc.
EBITDA			A non-GAAP measure that adjusts income before income taxes to exclude interest, depreciation and amortization
eNett			eNett International (Jersey) Limited
European Securitization Subsidiary			Gorham Trade Finance B.V., a special purpose entity consolidated by the Company
FASB			Financial Accounting Standards Board
FDIC			Federal Deposit Insurance Corporation
GAAP			Generally Accepted Accounting Principles in the United States
Go Fuel Card			A European Fleet business acquired from EG Group on July 1, 2019
ICS			Insured Cash Sweep
Indenture			The Notes were issued pursuant to an indenture dated as of January 30, 2013 among the Company, the guarantors listed therein, and The Bank of New York Mellon Trust Company, N.A., as trustee
NAV			Net asset value
Net payment processing rate			The percentage of the dollar value of each payment processing transaction that the Company records as revenue from merchants less certain discounts given to customers and network fees
Notes			$400 million notes with a 4.75 percent fixed rate, issued on January 30, 2013
Noventis			Noventis, Inc.
NYSE			New York Stock Exchange
Optal			Optal Limited
Pavestone Capital or (“Pavestone”)			Pavestone Capital, LLC
Payment processing fuel spend			Total dollar value of the fuel purchased by fleets that have a payment processing relationship with the Company
Payment processing transactions			Total number of purchases made by fleets that have a payment processing relationship with the Company, where the Company maintains the receivable for total purchase
Payment solutions purchase volume			Total dollar value of all WEX-issued transactions that use WEX corporate card products and virtual card products

Purchase volume			Total dollar value of all transactions in the Health and Employee Benefit Solutions segment where interchange is earned by the Company
Redeemable non-controlling interest			The portion of the U.S. Health business’ net assets owned by a non-controlling interest subject to redemption rights held by the non-controlling interest
SaaS			Software-as-a-service
SEC			Securities and Exchange Commission
Segment adjusted operating income			A non-GAAP measure that adjusts operating income to exclude specified items that the Company’s management excludes in evaluating segment performance, including unallocated corporate expenses, acquisition and divestiture related expenses and adjustments including the amortization of purchased intangibles, loss on sale of subsidiary, debt restructuring costs, the expense associated with stock-based compensation and other costs.

U.S. Health business			WEX Health and Discovery Benefits, collectively
WEX Latin America			UNIK S.A., the Company’s Brazilian subsidiary is branded WEX Latin America. This subsidiary was sold on September 30, 2020
WEX			WEX Inc.
WEX Europe Services			A European Fleet business acquired by the Company from ExxonMobil on December 1, 2014
WEX Health			Legacy healthcare operations prior to the acquisition of Discovery Benefits

Table of Contents

PART I

Item 1. Financial Statements.

WEX INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenues
Payment processing revenue	$	171,077	$	224,756	$	522,575	$	626,380
Account servicing revenue	112,417		109,205		335,736		303,183
Finance fee revenue	46,307		66,382		144,945		175,667
Other revenue	52,315		59,620		157,623		178,416
Total revenues	382,116		459,963		1,160,879		1,283,646
Cost of services
Processing costs	102,244		98,296		307,152		288,896
Service fees	10,881		14,905		34,335		43,348
Provision for credit losses	12,283		14,847		66,851		47,470
Operating interest	5,262		11,508		20,151		31,765
Depreciation and amortization	26,202		26,123		76,115		68,206
Total cost of services	156,872		165,679		504,604		479,685
General and administrative	73,131		65,423		197,432		206,075
Sales and marketing	64,592		73,689		188,118		210,639
Loss on sale of subsidiary	46,362		—		46,362		—
Depreciation and amortization	39,314		36,861		118,907		105,264

Operating income	1,845		118,311		105,456		281,983
Financing interest expense	(40,950)		(34,549)		(101,813)		(101,299)
Net foreign currency loss	(784)		(16,528)		(31,973)		(13,748)
Net unrealized gain (loss) on financial instruments	3,774		(5,650)		(32,115)		(39,078)

(Loss) income before income taxes	(36,115)		61,584		(60,445)		127,858
Income tax provision (benefit)	21,602		19,137		(3,852)		37,352
Net (loss) income	(57,717)		42,447		(56,593)		90,506
Less: Net income (loss) from non-controlling interests	1,244		(631)		3,282		(233)
Net (loss) income attributable to WEX Inc.	(58,961)		43,078		(59,875)		90,739
Change in value of redeemable non-controlling interest	(6,879)		(28,459)		50,437		(46,179)
Net (loss) income attributable to shareholders	$	(65,840)	$	14,619	$	(9,438)	$	44,560

Net (loss) income attributable to shareholders per share:
Basic	$	(1.49)	$	0.34	$	(0.22)	$	1.03
Diluted	$	(1.49)	$	0.33	$	(0.22)	$	1.02
Weighted average common shares outstanding:
Basic	44,166		43,349		43,720		43,300
Diluted	44,166		43,811		43,720		43,715

See notes to unaudited condensed consolidated financial statements.

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WEX INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(in thousands)

(unaudited)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net (loss) income	$	(57,717)	$	42,447	$	(56,593)	$	90,506
Foreign currency translation	15,147		(15,333)		(2,913)		(15,317)
Comprehensive (loss) income	(42,570)		27,114		(59,506)		75,189
Less: Comprehensive income (loss) attributable to non-controlling interests	1,676		(1,052)		3,466		(681)
Comprehensive (loss) income attributable to WEX Inc.	$	(44,246)	$	28,166	$	(62,972)	$	75,870

See notes to unaudited condensed consolidated financial statements.

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WEX INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)


	September 30, 2020		December 31, 2019
Assets
Cash and cash equivalents	$	1,521,622	$	810,932
Restricted cash	193,615		170,449
Accounts receivable (net of allowances of $54,265 in 2020 and $52,274 in 2019)	2,151,741		2,661,108
Securitized accounts receivable, restricted	97,522		112,192
Prepaid expenses and other current assets	66,589		87,694
Total current assets	4,031,089		3,842,375
Property, equipment and capitalized software (net of accumulated depreciation of $407,081 in 2020 and $344,212 in 2019)	193,165		212,475
Goodwill	2,431,147		2,441,201
Other intangible assets (net of accumulated amortization of $785,162 in 2020 and $666,793 in 2019)	1,444,696		1,575,050
Investment securities	31,259		30,460
Deferred income taxes, net	8,514		12,833
Other assets	174,042		184,024

Total assets	$	8,313,912	$	8,298,418
Liabilities and Stockholders’ Equity
Accounts payable	$	893,766	$	969,816
Accrued expenses	322,388		315,642
Restricted cash payable	193,615		170,449
Short-term deposits	1,080,136		1,310,813
Short-term debt, net	127,084		248,531
Other current liabilities	55,420		34,692

Total current liabilities	2,672,409		3,049,943
Long-term debt, net	2,879,474		2,686,513
Long-term deposits	211,775		143,399
Deferred income taxes, net	211,555		218,740
Other liabilities	134,476		106,422
Total liabilities	6,109,689		6,205,017
Commitments and contingencies (Note 16)
Redeemable non-controlling interest	107,220		156,879
Stockholders’ Equity
Common stock $0.01 par value; 175,000 shares authorized; 48,550 shares issued in 2020 and 47,749 in 2019; 44,122 shares outstanding in 2020 and 43,321 in 2019	485		477
Additional paid-in capital	848,684		675,060
Retained earnings	1,521,176		1,539,201
Accumulated other comprehensive loss	(113,073)		(115,449)
Treasury stock at cost; 4,428 shares in 2020 and 2019	(172,342)		(172,342)
Total WEX Inc. stockholders’ equity	2,084,930		1,926,947
Non-controlling interest	12,073		9,575
Total stockholders’ equity	2,097,003		1,936,522
Total liabilities and stockholders’ equity	$	8,313,912	$	8,298,418

See notes to unaudited condensed consolidated financial statements.

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WEX INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands)

(unaudited)


	Common Stock Issued			Additional Paid-in Capital		Accumulated Other Comprehensive Loss		Treasury Stock		Retained Earnings		Non-Controlling Interest		Total Stockholders’ Equity
	Shares	Amount























Balance at December 31, 2019	47,749	$	477	$	675,060	$	(115,449)	$	(172,342)	$	1,539,201	$	9,575	$	1,936,522
Cumulative effect adjustment1	—	—		—		—		—		(8,587)		(190)		(8,777)
Balance at January 1, 2020	47,749	477		675,060		(115,449)		(172,342)		1,530,614		9,385		1,927,745
Stock issued under share-based compensation plans	189	2		1,950		—		—		—		—		1,952
Share repurchases for tax withholdings	—	—		(8,817)		—		—		—		—		(8,817)
Stock-based compensation expense	—	—		12,533		—		—		—		—		12,533
Change in value of redeemable non-controlling interest	—	—		—		—		—		(2,624)		—		(2,624)
Foreign currency translation	—	—		—		(40,935)		—		—		(469)		(41,404)
Net income (loss)	—	—		—		—		—		(13,632)		1,221		(12,411)
Balance at March 31, 2020	47,938	479		680,726		(156,384)		(172,342)		1,514,358		10,137		1,876,974
Stock issued under share-based compensation plans	5	—		184		—		—		—		—		184
Share repurchases for tax withholdings	—	—		(76)		—		—		—		—		(76)
Stock-based compensation expense	—	—		14,219		—		—		—		—		14,219
Change in value of redeemable non-controlling interest	—	—		—		—		—		59,940		—		59,940
Foreign currency translation	—	—		—		23,123		—		—		221		23,344
Net income	—	—		—		—		—		12,718		576		13,294
Balance at June 30, 2020	47,943	479		$	695,053	$	(133,261)	$	(172,342)	$	1,587,016	$	10,934	$	1,987,879
Stock issued under share-based compensation plans	30	—		2,091		—		—		—		—		2,091
Fair value of stock issued through private placement, net of issuance costs of $968 (Note 10)	577	6		92,970		—		—		—		—		92,976
Share repurchases for tax withholdings	—	—		(378)		—		—		—		—		(378)
Equity component of the convertible notes, net of allocated issuance costs of $570 and taxes of $13,623 (Note 10)	—	—		41,066		—		—		—		—		41,066
Stock-based compensation expense	—	—		17,882		—		—		—		—		17,882
Change in value of redeemable non-controlling interest	—	—		—		—		—		(6,879)		—		(6,879)
Transfer of cumulative translation adjustment on the sale of subsidiary	—	—		—		5,473		—		—		—		5,473
Foreign currency translation	—	—		—		14,715		—		—		432		15,147
Net (loss) income	—	—		—		—		—		(58,961)		707		(58,254)
Balance at September 30, 2020	48,550	$	485	$	848,684	$	(113,073)	$	(172,342)	$	1,521,176	$	12,073	$	2,097,003

1 Reflects the impact of the Company’s modified retrospective adoption of ASU 2016-13 (See Note 2, Recent Accounting Pronouncements).

See notes to unaudited condensed consolidated financial statements.

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WEX INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands)

(unaudited)


	Common Stock Issued			Additional Paid-in Capital		Accumulated Other Comprehensive Loss		Treasury Stock		Retained Earnings		Non-Controlling Interest		Total Stockholders’ Equity
	Shares	Amount
Balance at January 1, 2019	47,557	$	475	$	593,262	$	(117,291)	$	(172,342)	$	1,481,593	$	10,227	$	1,795,924
Stock issued	117	1		404		—		—		—		—		405
Share repurchases for tax withholdings	—	—		(9,723)		—		—		—		—		(9,723)
Stock-based compensation expense	—	—		9,703		—		—		—		—		9,703
Adjustment to redeemable non-controlling interest	—	—		41,400		—		—		(41,400)		—		—
Foreign currency translation	—	—		—		4,409		—		—		(38)		4,371
Net income	—	—		—		—		—		16,134		74		16,208
Balance at March 31, 2019	47,674	476		635,046		(112,882)		(172,342)		1,456,327		10,263		1,816,888
Stock issued	27	1		1,875		—		—		—		—		1,876
Share repurchases for tax withholdings	—	—		(135)		—		—		—		—		(135)

Price	204.36	EPS	2
Shares	44	P/E	98
MCap	8,953	P/FCF	44
Net Debt	2,266	EBIT	128
TEV	11,219	TEV/EBIT	87
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-09-30	Filed 2020-11-09
10-Q	2020-06-30	Filed 2020-08-05
10-Q	2020-03-31	Filed 2020-05-11
10-K	2019-12-31	Filed 2020-02-28
10-Q	2019-09-30	Filed 2019-11-08
10-Q	2019-06-30	Filed 2019-08-09
10-Q	2019-03-31	Filed 2019-05-10
10-K	2018-12-31	Filed 2019-03-18
10-Q	2018-09-30	Filed 2018-11-08
10-Q	2018-06-30	Filed 2018-08-08
10-Q	2018-03-31	Filed 2018-05-10
10-K	2017-12-31	Filed 2018-03-01
10-Q	2017-09-30	Filed 2017-11-08
10-Q	2017-06-30	Filed 2017-08-09
10-Q	2017-03-31	Filed 2017-05-08
10-K	2016-12-31	Filed 2017-03-06
10-Q	2016-06-30	Filed 2016-08-09
10-Q	2016-03-31	Filed 2016-04-28
10-K	2015-12-31	Filed 2016-02-26
10-Q	2015-09-30	Filed 2015-10-30
10-Q	2015-06-30	Filed 2015-07-31
10-Q	2015-03-31	Filed 2015-05-01
10-K	2014-12-31	Filed 2015-02-26
10-Q	2014-09-30	Filed 2014-10-30
10-Q	2014-06-30	Filed 2014-07-30
10-Q	2014-03-31	Filed 2014-04-30
10-K	2013-12-31	Filed 2014-02-27
10-Q	2013-09-30	Filed 2013-10-31
10-Q	2013-06-30	Filed 2013-08-01
10-Q	2013-03-31	Filed 2013-05-02
10-K	2012-12-31	Filed 2013-03-01
10-Q	2012-09-30	Filed 2012-11-01
10-Q	2012-06-30	Filed 2012-08-02
10-Q	2012-03-31	Filed 2012-05-03
10-K	2011-12-31	Filed 2012-02-28

8-K	2020-10-29
8-K	2020-10-29
8-K	2020-10-12
8-K	2020-08-20
8-K	2020-07-30
8-K	2020-07-30
8-K	2020-07-29
8-K	2020-07-01
8-K	2020-06-26
8-K	2020-06-23
8-K	2020-05-14
8-K	2020-05-07
8-K	2020-05-07
8-K	2020-03-04
8-K	2020-02-13
8-K	2020-02-13
8-K	2020-02-13
8-K	2020-01-24
8-K	2020-01-24
8-K	2019-11-19
8-K	2019-10-31
8-K	2019-10-31
8-K	2019-09-12
8-K	2019-09-10
8-K	2019-08-01
8-K	2019-08-01
8-K	2019-05-17
8-K	2019-05-09
8-K	2019-05-07
8-K	2019-05-02
8-K	2019-05-02
8-K	2019-04-16
8-K	2019-03-25
8-K	2019-03-20
8-K	2019-03-05
8-K	2019-02-27
8-K	2019-02-22
8-K	2019-01-24
8-K	2019-01-18
8-K	2019-01-17
8-K	2018-12-14
8-K	2018-10-31
8-K	2018-10-31
8-K	2018-10-22
8-K	2018-08-24
8-K	2018-08-17
8-K	2018-08-02
8-K	2018-08-01
8-K	2018-05-15
8-K	2018-05-03
8-K	2018-05-03
8-K	2018-04-09
8-K	2018-02-21
8-K	2018-02-21
8-K	2018-01-17
8-K	2018-01-05

EX-31.1	wex20200930ex311.htm
EX-31.2	wex20200930ex312.htm
EX-32.1	wex20200930ex321.htm
EX-32.2	wex20200930ex322.htm

WEX 10Q Quarterly Report

Winland Electronics Earnings 2020-09-30