World Kinect Q3 revenue down 22%; net income down 18% to $35M, EPS $0.58

WORLD KINECT CORP

2023-Q3 EPS reported $1.41 revenue$35,707,600,000

Gross profit down 13% to $281M; net income $35M (-18%); adjusted EBITDA $101M (-18%).
GAAP and adjusted diluted EPS of $0.58, down 15% from $0.68 a year ago.
Segment: Aviation GP $126M (-3%), Land GP $121M (+3%), Marine GP $35M (-54%).
Generated $80M operating cash flow in Q3; balance sheet strengthened.

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 financial results for the third quarter of 2023.

Period: the third quarter of 2023
Result: reported results

Exact text from the filing

On October 26, 2023, World Kinect Corporation issued a press release reporting its financial results for the third quarter of 2023. A copy of the press release is attached hereto as Exhibit 99.1.

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Source: SEC EDGAR

accession 0001628280-23-035308

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