secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001628280-24-006374
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828024006374/0001628280-24-006374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828024006374/wkc-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-006374

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