earnings
confidence high
sentiment negative
materiality 0.75
World Kinect reports Q1 net loss of $21M, divests U.K. Land business
WORLD KINECT CORP
2025-Q1 EPS reported
-$0.37
revenue$9,452,500,000
- GAAP net loss $21M ($0.37 diluted EPS); adjusted net income $27M ($0.48 adjusted EPS).
- Gross profit $230M; revenue $9.45B (-14% YoY); operating cash flow $114M.
- Aviation gross profit +7% to $116M; Land -19% to $79M; Marine -26% to $36M.
- Completed U.K. Land sale on Apr 9; recognized $44.5M impairment; expects $65M additional pre-tax loss in Q2 2025.
- Restructuring charges $15M for severance; repurchased $10M stock; adjusted EBITDA $80M.