secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001628280-22-027219
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Fuel Services Q3 gross profit up 63% to $322.3M; adjusted EPS $0.67
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- GAAP net income $42.5M ($0.68 diluted EPS); adjusted net income $41.8M ($0.67 diluted EPS).
- Aviation segment gross profit $129.6M (+15% YoY) on international passenger rebound; marine $74.8M (+242%) on market volatility.
- Land segment gross profit $117.9M (+88% YoY) driven by Flyers Energy and North America performance.
- Adjusted EBITDA $122.5M; record quarterly gross profit and highest EPS in over two years.
- Balance sheet strengthened with strong operating cash flow; previously announced 17% dividend increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828022027219/0001628280-22-027219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828022027219/int-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027219

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