Highest-materiality recent filing
All 10 director nominees elected with votes ranging from 41.2M to 44.5M; broker non-votes 1.65M.
World Kinect Q1 adj EPS $0.75 beats; raises FY guidance; rebrands to World Fuel
GAAP net income $26M ($0.50 diluted EPS) vs loss of $21M ($0.37 loss) in Q1 2025; adjusted net income $39M ($0.75 adj EPS).
World Kinect reports Q4 GAAP net loss of $280M, $247M impairment; guides 2026 adj. EPS $2.20-2.40
Q4 GAAP net loss $280M ($5.11 loss per diluted share) vs. net loss $101M a year ago.
World Kinect sets CAO compensation and amends executive severance policy
CAO Michael Kroll salary raised to $390k; receives $50k PSU with performance period ending 2027, vesting Dec 3, 2028.
World Kinect extends $2B credit facility to 2030, ups revolver to $1.65B
Revolving commitments increased from $1.50B to $1.65B; new $350M term loan replaces $500M original term loan; total capacity unchanged at $2.0B.
Ira M. Birns, current President & CFO, appointed CEO effective Jan 1, 2026; Michael Kasbar becomes Executive Chairman.
World Kinect Q3 net income falls 20% to $26M, Aviation gross profit up 11%
GAAP net income $26M ($0.46 diluted EPS) vs $35M ($0.57) a year ago.
Q2 GAAP net loss of $339M ($6.06 diluted loss); adjusted net income $33M ($0.59 diluted).
World Kinect appoints Gregory F. Piper to Board of Directors
Appointed effective July 17, 2025; will serve on Compensation Committee.
World Kinect grants $700K performance RSUs to new President/CFO Birns and COO Rau
Birns promoted to President and CFO; Rau promoted to COO, effective prior filing.
Shareholders approve 2025 Omnibus Plan and elect all nine directors at annual meeting
Shareholders approved 2025 Omnibus Plan authorizing 1.85M new shares plus any unused shares from prior plans.
World Kinect promotes CFO Ira Birns to President, John Rau to COO
Ira M. Birns, EVP & CFO since 2007, appointed President effective April 25, 2025; continues as CFO.
World Kinect appoints former Deloitte partner Jeffrey Kottkamp to board
Jeffrey M. Kottkamp appointed to the Board of Directors effective April 23, 2025.
World Kinect reports Q1 net loss of $21M, divests U.K. Land business
GAAP net loss $21M ($0.37 diluted EPS); adjusted net income $27M ($0.48 adjusted EPS).
World Kinect Q4 GAAP net loss $102M ($1.77/diluted EPS); adjusted EPS $0.62
Full year 2024: GAAP net income $67M ($1.13 EPS); adjusted net income $130M ($2.18 EPS); operating cash flow $260M.
World Kinect Q3 revenue falls 14% to $10.5B; adj. EPS rises to $0.62
Q3 revenue $10.5B (-14% YoY); volume 4.4B units (-2%).
World Kinect Q2 adjusted EPS flat at $0.48; Land gross profit down 28% YoY
Revenue $11.0B flat, gross profit $245M (-13%); adjusted EBITDA $80.9M (-18%).
World Kinect shareholders elect all 9 director nominees, approve say-on-pay, ratify PwC auditor
All nine director nominees elected; Michael J. Kasbar received 50,163,548 for, Richard A. Kassar 31,055,903 for and 21,272,225 withheld.
World Kinect Q1 revenue falls 12% to $11.0B; net income up 20% to $27M; adj. EPS $0.47
Revenue $10.95B, down 12% YoY; gross profit $254M, down 3%.
World Kinect targets 30% adj. operating margin by 2026; EBITDA $480-520M
Medium-term target: 30% adjusted operating margin by 2026.
Q4 revenue $12.0B (-14% YoY); net loss $34.8M vs net income $21M; diluted EPS loss $0.58.
World Kinect expects $50-55M charge from erroneous Finnish power bid
Erroneous bid submitted in Finnish power market on Nov 23, 2023; no outstanding positions remain.
World Kinect Q3 revenue down 22%; net income down 18% to $35M, EPS $0.58
Gross profit down 13% to $281M; net income $35M (-18%); adjusted EBITDA $101M (-18%).
World Kinect Q2 net income +23% to $30M; GAAP EPS $0.48; gross profit +11%
GAAP diluted EPS $0.48; net income $30M (+23%); adjusted EBITDA $99M (+29%).
World Kinect schedules Q2 2023 earnings call for July 27
Company to release Q2 2023 results after market close on July 27, 2023.
World Kinect closes $350M 3.250% convertible notes due 2028; repurchases 2.24M shares
Closed $350M of 3.250% convertible senior notes due 2028; initial offering upsized from $250M.
World Kinect issues $350M of 3.250% convertible notes due 2028; hedges dilution
Issued $300M initial plus $50M option-exercise notes; 3.250% coupon, maturity July 1, 2028.
World Kinect prices $300M 3.250% convertible notes due 2028; upsized from $250M
Notes bear 3.250% interest, mature July 1, 2028; initial conversion price ~$28.43 (27.5% premium over $22.30 close).
World Kinect announces $250M convertible note offering due 2028, $50M stock buyback
Offers $250M principal of Convertible Senior Notes due 2028, with option for additional $37.5M.
World Fuel Services changes name to World Kinect, declares $0.14 dividend, ticker to WKC
Name change to World Kinect Corporation effective June 15, 2023; new ticker 'WKC' on NYSE from June 16.
World Fuel Services Q1 net income down 13% to $23M; EPS $0.36 vs $0.41 YoY
Gross profit up 14% to $263M; adjusted EBITDA up 16% to $87M.
World Fuel Services schedules Q1 2023 earnings call for April 27, 2023
Q1 2023 results to be released after market close on April 27, 2023.
World Fuel Services declares $0.14 quarterly dividend
Quarterly cash dividend of $0.14 per share declared.
World Fuel Services Q4 net income $21M, adjusted EPS $0.54; FY gross profit up 38%
Q4 revenue $13.9B (+40% YoY), gross profit $282.4M (+31%), net income $20.9M (+36%).
World Fuel Services Q4 2022 adjusted EPS $0.54 (+93%); full year gross profit $1.1B (+38%)
Q4 revenue $13.9B (+40% YoY); gross profit $282.4M (+31%); net income $20.9M (+36%).
World Fuel Services schedules Q4 2022 earnings call for Feb 23, 2023
Conference call on Feb 23, 2023 at 5:00PM ET to discuss Q4 and full year results.
World Fuel Services declares $0.14 quarterly dividend, payable Jan 6, 2023
Quarterly cash dividend of $0.14 per share declared.
Replaces evergreen auto-renew with fixed three-year term ending December 31, 2025; Company may extend with one-year notice.
World Fuel grants TSR-based PRSUs to NEOs; COO Smith retires Dec 31, 2022
Transformational PRSU awards approved: Kasbar target 181,160 units, Birns & Rau 50,725 each, vesting on TSR over 3 years to Nov 2025.
World Fuel Services Q3 gross profit up 63% to $322.3M; adjusted EPS $0.67
GAAP net income $42.5M ($0.68 diluted EPS); adjusted net income $41.8M ($0.67 diluted EPS).
World Fuel Services schedules Q3 2022 earnings call for Oct 27 after market close
Conference call scheduled October 27, 2022 at 5:00 PM ET to discuss Q3 results.
World Fuel Services raises quarterly dividend 17% to $0.14/share
Board approved a 17% increase in quarterly cash dividend to $0.14 per share.
World Fuel Services Q2 GAAP EPS $0.39; gross profit +38% to $253M; marine gross profit record
GAAP net income $24.4M ($0.39 diluted EPS); adjusted net income $25.8M ($0.41 diluted EPS).
World Fuel Services schedules Q2 2022 earnings call for July 28
Q2 2022 results to be released after market close on July 28, 2022.
World Fuel Services declares $0.12 quarterly dividend, payable July 1
Quarterly cash dividend of $0.12 per share declared, payable July 1, 2022 to holders of record June 3, 2022.
World Fuel Services Q1 gross profit up 21% to $230.9M; adj. EPS $0.42
GAAP net income of $26.3M ($0.41 diluted EPS); adjusted net income $26.8M ($0.42).
World Fuel Services schedules Q1 2022 earnings call for April 28 after market close
Conference call on April 28, 2022 at 5:00 PM ET to discuss Q1 results.
World Fuel Services ups credit facility to $2B, extends maturity to April 2027
Revolving credit facility increased to $1.5B; new $500M term loan added, total borrowing capacity $2.0B.
EVP Global Land Crosby resigns; aviation/marine EVP Rau to add Global Land duties
Michael J. Crosby resigns as EVP – Global Land effective March 31, 2022; departure is personal, no disagreement.
Acquisition of all equity interests in Flyers Energy Group completed Jan 3, 2022; amendment adds required historical financials.
appointed John P. Rau, the Company’s then current Executive Vice President, Global Aviation, Land and Marine, as Chief Operating Officer
appointed Ira M. Birns, the Company’s then current Executive Vice President and Chief Financial Officer, as President and Chief Financial Officer
Effective April 25, 2025, the Board appointed John P. Rau, the Company’s current Executive Vice President, Global Aviation, Land and Marine, as Chief Operating Officer.
Effective April 25, 2025, the Board of Directors (the “Board”) of World Kinect Corporation (the “Company”) appointed Ira M. Birns, the Company’s current Executive Vice President and Chief Financial Officer, as President and Chief Financial Officer.
Effective April 25, 2025, Mr. Kasbar no longer holds the title of President at the Company.
On April 23, 2025, the Board of Directors (the “Board”) of World Kinect Corporation (the “Company”) appointed Jeffrey M. Kottkamp as a director of the Company.
Effective September 2, 2021, the Board of Directors (the “Board”) of World Fuel Services Corporation (the “Company”) elected Jill B. Smart as a director of the Company.
Effective August 1, 2021, World Fuel Services Corporation (the “Company”) promoted Jose-Miguel Tejada to the position of Senior Vice President and Chief Accounting Officer.
Max materiality 0.80 · Median 0.60 · Most common event earnings