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World Fuel Services Corp (NYSE: INT) provides comprehensive fuel logistics solutions across aviation, marine, and land sectors through its global network spanning 200+ countries. This news hub delivers timely updates on strategic developments, financial performance, and operational milestones critical for stakeholders tracking this energy infrastructure leader.
Access curated press releases and market analyses covering aviation fuel partnerships, marine logistics expansions, and land distribution innovations. Our repository simplifies tracking INT's responses to energy market dynamics, regulatory changes, and sustainability initiatives.
Key updates include quarterly earnings disclosures, supply chain advancements, leadership announcements, and technology implementations across 8,000+ global locations. Investors gain insights into how INT's market intelligence and risk management strategies navigate volatile fuel markets.
Bookmark this page for direct access to verified updates about World Fuel Services' role in shaping global fuel logistics. Monitor how their expertise in cross-border fuel distribution addresses evolving energy demands and transportation sector needs.
World Kinect (NYSE: WKC) reported Q1 2025 financial results, showing mixed performance across segments. The company posted a gross profit of $230 million and a GAAP net loss of $21 million ($0.37 per diluted share), while achieving adjusted net income of $27 million ($0.48 per diluted share).
Segment performance varied significantly:
- Aviation gross profit increased 7% to $116 million
- Land segment declined 19% to $79 million
- Marine segment decreased 26% to $36 million
Notable events include the completion of U.K. land fuels business sale on April 9, 2025, resulting in a $44.5 million asset impairment charge, with an additional estimated pre-tax loss of $65 million expected in Q2. The company also initiated restructuring activities, incurring $15 million in charges primarily for severance costs. The company generated $114 million in operating cash flow and repurchased $10 million of common stock.
World Kinect (NYSE: WKC) has appointed Jeffrey M. Kottkamp to its Board of Directors. Kottkamp, who retired in 2023, brings 40 years of experience from Deloitte & Touche USA LLP, where he served as a partner for nearly 30 years.
During his tenure at Deloitte, Kottkamp held several key leadership positions, including National Managing Partner of the US Securities Industry Audit Practice and Northeast Regional Managing Partner of the US Audit Practice. He also served on Deloitte US's board of directors from 2011 to 2015 and chaired its audit committee from 2013 to 2015.
A Certified Public Accountant with a Bachelor of Science in Accounting from Southern Illinois University, Kottkamp's appointment brings significant accounting and regulatory expertise to World Kinect's board.
World Kinect (NYSE: WKC) has announced it will hold its first quarter 2025 earnings conference call on Thursday, April 24, 2025, at 5:00 p.m. ET. The company will release its Q1 2025 financial results after market close on the same day. Investors and interested parties can access the live webcast through the company's investor relations website at ir.worldkinect.com/events. An on-demand replay will be made available following the call.
World Kinect (NYSE: WKC) has announced a quarterly cash dividend declaration. The company's board of directors has approved a dividend payment of $0.17 per share. The dividend will be distributed to shareholders of record as of March 31, 2025, with the payment scheduled for April 16, 2025.
World Kinect (NYSE: WKC) reported its Q4 and full year 2024 results. Q4 highlights include gross profit of $259 million, GAAP net loss of $102 million (-$1.77 per share), and adjusted net income of $36 million ($0.62 per share). The company generated $120 million in operating cash flow and repurchased $43 million of common stock.
For full year 2024, WKC achieved gross profit of $1.03 billion, GAAP net income of $67 million ($1.13 per share), and adjusted net income of $130 million ($2.18 per share). The company generated $260 million in operating cash flow and returned $139 million to shareholders through dividends and share repurchases.
Notable events include the sale of Brazil subsidiaries resulting in a one-time non-cash pre-tax loss of $111 million, and exit activities in North American land operations leading to $9 million in asset impairment and exit costs. Additionally, $22 million in asset impairments were recorded related to an equity-method investment.
World Kinect (NYSE: WKC) has announced it will hold a conference call on Thursday, February 20, 2025, at 5:00 p.m. ET. During the call, management will discuss the company's fourth quarter and full year 2024 results with investors and analysts.
World Kinect (NYSE: WKC) has announced that its board of directors has declared a quarterly cash dividend of $0.17 per share. The dividend will be payable on January 16, 2025 to shareholders of record as of December 23, 2024.
World Kinect (NYSE: WKC) reported its Q3 2024 financial results with revenue of $10.5 billion, down 14% year-over-year. The company posted gross profit of $268.1 million (down 5%) and net income of $33.5 million (down 4%). Aviation segment showed strength with 3% gross profit growth, while Land segment declined 16%. The company repurchased $28 million in shares during Q3. Notable performance metrics include Adjusted EBITDA of $100.1 million (down 1%) and adjusted diluted earnings per share of $0.62 (up 7%).
World Kinect (NYSE: WKC) has announced it will host a conference call on Thursday, October 24, 2024, at 5:00 p.m. ET to discuss the company's third quarter 2024 results. The call will provide an opportunity for stakeholders to hear from the management team about the company's performance and future outlook. This event is significant for investors and analysts as it offers insights into World Kinect's financial health and strategic direction. The timing of the call, scheduled after market close, allows for a comprehensive review of the quarter's activities and results.
World Kinect (NYSE: WKC) has announced two significant financial decisions. Firstly, the Board of Directors declared a quarterly cash dividend of $0.17 per share, payable on October 16, 2024, to shareholders of record on September 30, 2024. Secondly, the company approved an additional $200 million share repurchase authorization, supplementing the previous authorization which had about $108 million remaining as of June 30, 2024.
CFO Ira Birns stated that this increase in share repurchase authorization underscores the company's strong financial position and ability to generate solid free cash flow. The repurchases can be made in the open market or through private negotiations, with timing and amount dependent on various factors. The program has no expiration date and can be adjusted as needed.
