secwatch.observer — SEC 8-K summary
======================================

Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000789460-25-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Kinect posts Q2 net loss of $339M on $367M goodwill and $32M asset impairments; adjusted EPS $0.59
--------------------------------------------------------------------------------

- Q2 GAAP net loss of $339M ($6.06 diluted loss); adjusted net income $33M ($0.59 diluted).
- Gross profit $232M; revenue $9.04B, down 18% YoY from $10.97B.
- Non-cash impairments of $367M (Land goodwill/intangibles) and $32M (Marine physical location).
- U.K. land fuels sale closed April 9, resulting in $82M pre-tax loss.
- Repurchased $35M stock; quarterly dividend increased 18%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000078946025000011/0000789460-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000078946025000011/wkc-20250731.htm
  HTML page:      https://secwatch.observer/filing/0000789460-25-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer