World Fuel Services Q2 GAAP EPS $0.39; gross profit +38% to $253M; marine gross profit record

WORLD KINECT CORP

2022-Q2 EPS reported $0.80 revenue$29,504,100,000

GAAP net income $24.4M ($0.39 diluted EPS); adjusted net income $25.8M ($0.41 diluted EPS).
Gross profit $253.4M (+38% YoY); adjusted EBITDA $76.4M.
Aviation gross profit $52.8M (-40% YoY, impacted by backwardation); volumes at 85% of pre-pandemic.
Marine gross profit $78.2M (+244% YoY, record due to market volatility and high bunker prices).
Land gross profit $122.4M (+66% YoY, driven by Flyers Energy acquisition).

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