Wright Express' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Wright Express Corporation ( WXS)

Q4 2011 Earnings Call

February 8, 2012 10:00 am ET

Executives

Steven Elder - SVP and CFO

Mike Dubyak - Chairman, President and CEO

Analysts

Sanjay Sakhrani - KBW

Roman Leal - Goldman Sachs

Phil Stiller - Citi

Bob Napoli - William Blair

Greg Smith - Sterne Agee

Tien-Tsin Huang - JPMorgan

Tom McCrohan - Janney

Tim Willi - Wells Fargo

Robert Dodd - Morgan Keegan

Presentation

Operator

At this time, I'd like to welcome everyone to the Wright Express Corporation's fourth quarter earnings conference call. (Operator Instructions) Mr. Elder, you may begin your conference.

Steven Elder

Good morning. With me today is our CEO, Mike Dubyak. The financial results press release we issued early this morning is posted in the Investor Relations section of our website at wrightexpress.com. A copy of the release has also been included in an 8-K we submitted to the SEC.

As a reminder, we will be discussing a non-GAAP metric, specifically adjusted net income, during our call. For this year's fourth quarter, adjusted net income excludes non-cash mark-to-market adjustments on our fuel price related derivative instruments, the amortization of acquired intangible assets and a small adjustment from our tax receivable agreement as well as the related tax impacts. Please see Exhibit 1 included in the press release for an explanation and reconciliation of adjusted net income to GAAP net income.

I would also like to remind you that we will discuss forward-looking statements under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements as a result of various factors, including those discussed in our press release, most recent Form 10-K and other SEC filings. While we may update forward-looking statements in the future, we disclaim any obligations to do so. You should not place undue reliance on these forward-looking statements, all of which speak only as of today.

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