secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001628280-23-025937
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/0001628280-23-025937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828023025937/wkc-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025937

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