morning, and you, thank everyone, Good Melissa.
driven we performance both great heard, Fleet The the quarter. was line you've Solutions from top this to and Corporate segments. double-digit Travel As strong and continued financial results growth by post
points. results with Overall, a both Additionally, line quarter fleet solid also the an U.S. basis in segment and business expected continued bottom healthcare view, earnings the projections. of than the From we better top and we with and with in dollars performed to lower exceeding from rate lower third benefit growth. macroeconomic both are revenue tax losses credit performance point trends, pleased
increase Slide when revenue compared at year. for results is XX.X prior was or period take million million, XX% This a quarter Non-GAAP XXX.X last diluted net the share. X. on per look third was Now, income to $X.XX our let’s an same of the over XX% year. an Total increase adjusted
mentioned, revenue by Melissa shows As just our segments. X overall Slide performance down broken strong
QX in Travel and and also the results Healthcare on in that momentum anticipated year. And growth As XX% of building again the Corporate The expectations the better than led first XX% growth payment and revenue processing continues Fleet year-over-year. had finally, transaction volume saw X% growth, with half we growth the U.S. this Solutions growth and XX% QX beat year, to revenue segment increase. by and had double-digit posting business
Slide segment This Before does the accounting impact into to these of network revenue and I impacts the you revenue XX.X million the earnings and increase broken XX onto recognition by fees. each standard. get not which is guidance The can down highlight an reclassified of some quickly see of rebates of new move segments. let’s change results, changes
experience low sales. and Solutions businesses continued to revenue quarter, marginally down into on Now, with and growth growth Slide to across finance Similar growth U.S. to were before. the XX% fleet get and are processing XX. revenue, fee accounting and in XX% of and continued including business an prices guidance the proud rates transaction segment revenue see we rates over-the-road, of we Fleet results positive to excluding recognition the from prior achieved up that XXX.X million revenue and respectively, Payment higher The Asian FX. X%, increase double-digit benefitted we XX%, Breaking revenue XX% XX%, American Fleet the solid The let’s when organic same-store segment, fuel last respectively. report to year. strong I segment positive on of XX%, mentioned North trends, attrition new compared
in up negatively million last due compared when The the European XXX X from in impact. the The by is X additional The basis domestic versus rate higher no was continued fuel changes and revenue third prices The net quarter recognition in revenue of affected interchange which approximately operations $X.XX fuel was points, by positively points last year. impacted basis rate U.S. spreads QX and have average higher had was in QX price over $X.XX fuel almost We year XX.X guidance to million XXXX. prices. to
guidance beat approximately X revenue fee finance by Finally, million.
on Turning segment to Slide Corporate our and XX. Travel Solutions
growth year-over-year billion. We continued excellent increased WEX building for X.X continued XX% revenue the quarter to the that on million volume acquisition. to year’s due performance momentum AOC XX.X customers. from by volume excludes from the AOC Purchase organic reached Total to XX% and issued This benefits primarily is growth half. see first and
very payments see with internationally the Asia business last was strong to the corporate revenue in expectations. X.X In Australia, a posted this nearly October the XX%. was AOC where market, large see for line We year. quarter continued growth This growth quarter strong which the we and U.S. in Brazil. revenue from acquisition is in final growth in closed will million impact which of of
revenue recognition the due increase QX other rate changes in the X basis This basis is was points, year. minor Finally, to which segment, was from items. last interchange points primarily XX up and net
Health quarter onto compared last and flat, XX, Benefits year. Slide Employee revenue X% for the segment, Moving relatively down were for the to Solutions
and the better average was win. a to reflecting accounts to which XX% first lapping the of America year of was number ago than XXXX, good was U.S. XX% The relative account Bank enrollment up growth anticipated. season a business, again Turning revenue SaaS
carry the the over term. believe the solid the trajectory year a to place expect fourth We in targeted for are quarter to and performance into the growth that fundamentals long high-teens
from As facility to we and replace. accounting we performance securitization have of difficult. rates were in been new The Brazil expected, exchange drivers have foreign business impacts conditions major on headwinds the a that
growing. positive side, year-to-date the volume is On
Let’s on expenses Slide now move to XX. on
million. year. loss due was in the segment, fees remain items loss the to cost XX.X million, QX acquisition primarily Service versus year. and to to basis of in volume, period XX.X Chevron. down XXX.X and XX.X than to totaled regular million total of consolidated million, fees due on basis was control the recognition and points well losses, this reserves up and within Shell year. XXXX. Losses is were of were up For quarter we the was amortization the first expenses to of outside software and last million, from SG&A, loss for the the lower which XX.X better a and the excluding revenue the Credit XX X.X up ramping AOC was QX half two to skimming the million for fleet significantly of loss. in increased Also, compared XX XX.X basis than credit took costs year, same credit the within range reclassification Fleet categories, XX.X these mainly costs million. QX made. with under Breaking points part year the which basis line down card related last we XXX.X prior total guidance In points XXXX as of credit the million down is line spend changes. fraud And investment our network of processing quarter, last XXX.X thanks expense service Breaking this depreciation
losses a reserve for business. XXX% First, travel nonrecurring to factoring for for second, nonpayment; reserve our customer a a single related European
with XX.X to million. XXXX, was to X.X and we recovery. the and rates. This interest primarily evaluate is customers with prices working fuel due to interest are potential compared up higher line in was expense expectations Operating However, million any
operating levels as with prices, debt higher you fuel well. increased As recall,
We certain reduction reduce of performance expense expected includes steps in acquisition, the of continued size to our line an charge expense. a for a assets higher due were expenses flat. essentially to factoring account line than the our receivable take the amortization business, better This including to and AOC for G&A balances. incentive new compensation increase restructuring lower
and a increased recognition was Putting the the a marketing XX million. basis altogether, to able margin increase our to due invest majority products Lastly, income these to year. XX.X%, segments representing expand increase we The position on sales XXX from last basis deliver revenue is line non-GAAP Again, of operating points of maintains market. WEX the and the continuing and to where market margins while the new in were as we business services in operate. leader changes. each
for Now XX. taxes Slide on
we year's ANI Tax Act, rate tax a ANI basis, for third XX% was an last the of year. tax as of the rate be earnings law. U.S. what quarter for to the XX.X% was and and effective rate XXXX. on is rate to the to GAAP XX.X% interpretation mix compared the rate On and in XXXX. new for XX.X% QX the a The expect the quarter we basis, and Following look of XX.X% this quarter remainder due is is which of foreign refined year into tax the year-to-date declining last for the The
cash, million sheet compared million quarter at cash XX. now on QX XXXX. the as with to XXX We ended position in the Looking the the balance Slide to up of end from XXX
the million balance cash quarter cash corporate in XXX XXX million. by the increased approximately the side, to On
credit, year at as leverage XXX Additionally, term in credit X.Xx, access approximately down us million giving about revolving at balance borrowing capital. a we of ago. capacity ratio, X.Xx line credit line loans of million At total from the on total to end, had available a immediate than X.X of stands the XXX the The stands more in the defined quarter notes. on agreement, and billion
since loan credit will as transaction. as the Term XXX delevering been on closing is XX by In debt and our a have result our of the million to X.X the add million. of EFS which the Noventis the our Term QX the revolver approximately in announced acquisition quarter, monitoring turns upon The of next We increased loan closing the We expected of repriced year. line diligent expected of we August. A by in available of and markets, balance A amount successfully revolving leverage
XX to significantly debt maturity of five WEX in markets has for also improved the expanded covenants. another time and been We months. the is the years the the This in third reset some past
hedges see rate gain to an interest placed our continued on unrealized the on debt. We we
million value of expire. of swaps of As hedges million. of rate the market XXX the quarter stands XX At these end, end at the interest year, will
have the of a It essentially finally, we financing of interest mitigates part on rising large today, moving has solid which rates. LIBOR exposure And debt rates, to XX% our of at As XX. approximately of and been the onto guidance Slide fixed results drive acceleration. XXXX positive into to the that the we nine execution first ongoing months continue quarter we continue business and performance for recent margin the from from as of expect the acquisitions year, to will last look and better
In a to addition, lower continue favorable trends benefit rate. macroeconomic tax and we will from
and net adjusted that fourth raising million XX quarter, to we revenue to and range expect both be XXX diluted For of to adjusted in basis, for net adjusted of are revenue net between the the $X.XX guidance means income. year $X.XX per an we million. full share. XX On million million for range we expect EPS report the in ranges to and income the XXX the This income
EPS to range of ANI we $X.XX be an range share. We income to $X.XX expect per and in XXX in billion expect million X.XXX adjusted basis, the diluted to the to range million. On billion of net be revenue X.XXX the XXX in of to
gallon XX in year. Now, for week. will as to adjusted Domestic full let finally, for income Exchange fleet XX fuel more based average the are the on be from $X.XX $X.XX XX.X To be The the and points tax prices outstanding. shares projected loss The the expected XX credit fourth with rates proud you year. walk Steve, this to assumptions. of the XX between for future and price to the million we quarter is and for for The approximately the performance basis U.S. assumption NYMEX fourth are a for the the and prices before questions. basis September few And based of turn me the end with that, is And will rate fuel per the XXXX. through net I are year. full over XX% range and we we points of guidance line there between open for assuming remainder year. the XX% are full will the call the year-to-date conclude, quarter
