secwatch.observer — SEC 8-K summary
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Issuer:     WORLD KINECT CORP (WKC)
CIK:        0000789460
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001628280-25-019679
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Kinect reports Q1 net loss of $21M, divests U.K. Land business
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789460/000162828025019679/0001628280-25-019679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789460/000162828025019679/wkc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019679

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