secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001628280-22-011130
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Fuel Services Q1 gross profit up 21% to $230.9M; adj. EPS $0.42
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828022011130/0001628280-22-011130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828022011130/int-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011130

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