secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001628280-22-019708
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828022019708/0001628280-22-019708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828022019708/int-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-019708

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