secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001628280-24-018192
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Kinect Q1 revenue falls 12% to $11.0B; net income up 20% to $27M; adj. EPS $0.47
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- Revenue $10.95B, down 12% YoY; gross profit $254M, down 3%.
- Net income $27.4M (+20%); diluted EPS $0.45 (+25%); adjusted EPS $0.47 (+31%).
- Aviation gross profit $108.4M (+8%), Land $97.3M (-12%), Marine $48.4M (-7%).
- Adjusted EBITDA $85.9M, down 1%; volume 4,414 million gallon equivalents, down 1%.
- CEO cites weather headwinds in Land, but aviation and marine performed well; outlook strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828024018192/0001628280-24-018192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828024018192/wkc-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-018192

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