World Kinect Q2 net income +23% to $30M; GAAP EPS $0.48; gross profit +11%

WORLD KINECT CORP

2023-Q2 EPS reported $0.84 revenue$23,462,300,000

GAAP diluted EPS $0.48; net income $30M (+23%); adjusted EBITDA $99M (+29%).
Gross profit $282M (+11%); revenue $10.98B (-36%) on lower commodity prices.
Aviation gross profit $128M (+143%); Land $111M (-9%); Marine $42M (-46%).
Issued $350M 3.25% convertible notes due 2028; conversion price $40.14.
Repurchased $50M in shares; corporate name changed to World Kinect (WKC).

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 second quarter of 2023 results: revenue $10,981, net income $30 million, EPS $0.48.

Period: second quarter of 2023
Revenue: $10,981
Net income: $30 million
EPS: $0.48
Result: reported results

Exact text from the filing

percentages and per share data): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 Change 2023 2022 Change Volume (1) 4,465 4,651 (4)% 8,937 9,127 (2)% Revenue $ 10,981 $ 17,122 (36)% $ 23,462 $ 29,504 (20)% Gross profit $ 282 $ 253 11% $ 544 $ 484 12% Income from operations $ 76 $ 53 43% $ 140 $ 94 49% Income from operations as a percentage of

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WORLD KINECT CORP reported six months ended June 30, 2023 results: revenue $23,462, net income $52.7 million, EPS $0.84.

Period: six months ended June 30, 2023
Revenue: $23,462
Net income: $52.7 million
EPS: $0.84
Result: reported results

Exact text from the filing

data): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 Change 2023 2022 Change Volume (1) 4,465 4,651 (4)% 8,937 9,127 (2)% Revenue $ 10,981 $ 17,122 (36)% $ 23,462 $ 29,504 (20)% Gross profit $ 282 $ 253 11% $ 544 $ 484 12% Income from operations $ 76 $ 53 43% $ 140 $ 94 49% Income from operations as a percentage of gross profit 27% 21% 26%

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

WORLD KINECT CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-025937

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.