earnings
confidence high
sentiment neutral
materiality 0.60
World Fuel Services Q1 gross profit up 21% to $230.9M; adj. EPS $0.42
WORLD KINECT CORP
2022-Q1 EPS reported
$0.41
revenue$12,382,000,000
- GAAP net income of $26.3M ($0.41 diluted EPS); adjusted net income $26.8M ($0.42).
- Aviation gross profit fell 16% YoY to $64.2M on inventory losses and Afghanistan withdrawal.
- Marine gross profit surged 85% to $47.0M; land rose 34% to $119.8M, boosted by Flyers Energy.
- Adjusted EBITDA of $74.9M; higher fuel prices increased working capital requirements.
- No guidance or dividend changes; management cites strong balance sheet and disciplined capital allocation.