Highest-materiality recent filing
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 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 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 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 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 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 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 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 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 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).
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