World Fuel Services Q4 net income $21M, adjusted EPS $0.54; FY gross profit up 38%

WORLD KINECT CORP

2022-FY EPS reported $1.82 revenue$59,043,100,000

Q4 revenue $13.9B (+40% YoY), gross profit $282.4M (+31%), net income $20.9M (+36%).
Full year revenue $59.0B (+88%), gross profit $1.09B (+38%), net income $114.1M (+55%).
Full year GAAP EPS $1.82, adjusted EPS $2.04 (+50%); Adjusted EBITDA $380.3M (+60%).
Segment: Land gross profit +54% in Q4 (Flyers Energy acquisition); Marine +85% (higher bunker prices).
Capital return to shareholders of nearly $80M through share repurchases and dividends.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WORLD KINECT CORP reported the fourth quarter ended December 31, 2022 results: revenue $13.9 billion, net income $20.9 million, EPS $0.33.

Period: the fourth quarter ended December 31, 2022
Revenue: $13.9 billion
Net income: $20.9 million
EPS: $0.33
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Compared to 2021 Highlights • Revenue of $13.9 billion, an increase of 40% year-over-year • Gross profit of $282.4 million, an increase of 31% year-over-year • Net income of $20.9 million, an increase of 36% year-over-year • Adjusted EBITDA of $106.5 million, an increase of 93% year-over-year

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WORLD KINECT CORP reported the full year ended December 31, 2022 results: revenue $59.0 billion, net income $114.1 million, EPS $1.82.

Period: the full year ended December 31, 2022
Revenue: $59.0 billion
Net income: $114.1 million
EPS: $1.82
Result: reported results

Exact text from the filing

Full Year 2022 Compared to 2021 Highlights • Revenue of $59.0 billion, an increase of 88% year-over-year • Gross profit of $1.1 billion, an increase of 38% year-over-year • Net income of $114.1 million, an increase of 55% year-over-year • Adjusted EBITDA of $380.3 million, an increase of 60% year-over-year

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WORLD KINECT CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-004839

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