---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025937"
form_type: "8-K"
ticker: "WKC"
cik: "0000789460"
company_name: "WORLD KINECT CORP"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:29:26.743460+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001628280-23-025937
- form_type: 8-K
- ticker: WKC
- cik: 0000789460
- company_name: WORLD KINECT CORP
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/0001628280-23-025937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/wkc-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025937
- JSON: https://secwatch.observer/filing/0001628280-23-025937.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025937.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/0001628280-23-025937-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/0001628280-23-025937-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.