secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001628280-24-032997
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Kinect Q2 adjusted EPS flat at $0.48; Land gross profit down 28% YoY
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- Revenue $11.0B flat, gross profit $245M (-13%); adjusted EBITDA $80.9M (-18%).
- Net income $107M (+251%) includes $86.9M after-tax gain from Avinode sale; adjusted EPS $0.48 flat YoY.
- Aviation gross profit flat at $127.7M; Land down 28% to $80.8M on unfavorable market conditions; Marine down 13%.
- Operating cash flow $68M in Q2; liquidity increased from Avinode sale proceeds and working capital management.
- Management cited unfavorable Land market conditions in North America and Brazil, oversupplied natural gas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828024032997/0001628280-24-032997-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828024032997/wkc-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032997

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