World Kinect Q4 net loss $34.8M; adjusted EPS flat at $0.54; Land segment hit by erroneous Finnish power bid

WORLD KINECT CORP

2023-FY EPS reported $0.86 revenue$47,710,600,000

Q4 revenue $12.0B (-14% YoY); net loss $34.8M vs net income $21M; diluted EPS loss $0.58.
Adjusted diluted EPS $0.54 (flat YoY); adjusted EBITDA $99.8M (-6%).
Aviation gross profit +19% to $131.4M; Marine -21% to $44.0M.
Land gross profit -51% due to erroneous Finnish power market bid; adjusted -9% to $105M.
Full year operating cash flow $271M; liquidity strong; Investor Day to be held.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.82

WORLD KINECT CORP reported quarter and year ended December 31, 2023 results: revenue $12,003, net income $(0.58) per diluted share, EPS $(0.58) per diluted share.

Period: quarter and year ended December 31, 2023
Revenue: $12,003
Net income: $(0.58) per diluted share
EPS: $(0.58) per diluted share
Result: reported results

Exact text from the filing

and per share data): Three Months Ended December 31, Year Ended December 31, 2023 2022 Change 2023 2022 Change Volume (1) 4,533 4,575 (1)% 18,006 18,331 (2)% Revenue $ 12,003 $ 13,878 (14)% $ 47,711 $ 59,043 (19)% Gross profit $ 232 $ 282 (18)% $ 1,058 $ 1,089 (3)% Adjusted gross profit $ 280 $ 282 (1)% $ 1,106 $ 1,089 2% Operating expenses $ 248 $ 204

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 0001628280-24-006374

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.