secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001628280-23-035308
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828023035308/0001628280-23-035308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828023035308/wkc-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035308

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