WORLD FUEL SERVICES CORP - INT STOCK NEWS

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World Fuel Services Corporation (NYSE: INT), headquartered in Miami, Florida, is a premier global fuel logistics company. The firm excels in the marketing, sale, and distribution of aviation, marine, and land fuel along with related products and services across the globe. With operations spanning over 8,000 locations in more than 200 countries and territories, World Fuel Services addresses the complex fuel needs of diverse sectors.

The company's robust portfolio includes aviation fuel solutions for commercial airlines, cargo carriers, private aircraft, and fixed base operators (FBOs), as well as services for the U.S. and foreign governments. Marine services cater to international container and tanker fleets, cruise lines, and time-charter operators. Additionally, World Fuel Services supports land customers such as petroleum distributors, retail petroleum operators, and various industrial, commercial, and governmental entities.

World Fuel Services' team of market makers boasts deep expertise in all facets of fuel management, ensuring optimized solutions for their clients. The company's recent achievements highlight its commitment to innovation and sustainability, with ongoing projects aimed at enhancing fuel efficiency and reducing environmental impact.

Financially, World Fuel Services has maintained a strong performance, bolstered by strategic partnerships and a broad client base. The company remains a key player in the global fuel logistics market, continually adapting to emerging trends and demands.

03/13/2024 04:15 PM

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World Kinect Corporation Highlights Growth Strategy and Financial Outlook During 2024 Investor Day

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World Kinect Corporation (WKC) aims for a 30% adjusted operating margin and $480 – 520 million adjusted EBITDA by 2026. Targeting $900 million to $1.2 billion Free Cash Flow over the next five years, with 40% for buybacks and dividends. The company discussed its strategy to accelerate growth and drive shareholder returns during its 2024 Investor Day.

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03/12/2024 04:15 PM

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World Kinect Corporation Announces Sale of the Avinode Group and Portfolio of Aviation Software Products for approximately $200 million

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World Kinect Corporation (WKC) sells Avinode Group and aviation FBO software products to CAMP Systems International for $200 million in cash. The sale aims to strengthen the company's portfolio and reduce debt, enhancing liquidity for future investments.

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03/07/2024 04:15 PM

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World Kinect Corporation Increases Regular Quarterly Cash Dividend by 21%

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World Kinect Corporation (NYSE: WKC) increases quarterly cash dividend by 21% to $0.17 per share. The dividend is payable on April 16, 2024, to shareholders of record on March 25, 2024. The company emphasizes its strong cash flow and balance sheet for continued investments and shareholder returns.

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02/22/2024 04:15 PM

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World Kinect Corporation Reports Fourth Quarter and Full Year 2023 Results

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World Kinect Corporation (NYSE: WKC) reported financial results for Q4 and full year 2023. Revenue decreased by 14% in Q4 and 19% for the year. Net loss decreased by 266% in Q4. Adjusted EBITDA decreased by 6% in Q4. Aviation segment saw a 19% increase in gross profit, while Land and Marine segments experienced decreases in gross profit.

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02/14/2024 04:15 PM

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World Kinect to Present at the Raymond James & Associates’ 45th Annual Institutional Investors Conference on March 5, 2024

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World Kinect Corporation (NYSE: WKC) CFO to present at Raymond James & Associates’ 45th Annual Institutional Investors Conference on March 5, 2024, at 4 pm ET. The event will be webcast live on the Company’s Investor Relations website.

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02/01/2024 04:15 PM

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World Kinect Corporation to Host Fourth Quarter and Full Year 2023 Earnings Conference Call on February 22, 2024

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World Kinect Corporation (WKC) will hold a conference call to discuss its fourth quarter and full year 2023 results and forward-looking information on February 22, 2024. The call will be accessible via live webcast or phone, with participants required to pre-register for phone access.

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12/18/2023 04:15 PM

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World Kinect Corporation to Host Investor Day on March 13, 2024

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World Kinect Corporation (NYSE: WKC) will host an Investor Day on March 13, 2024, at 8:30AM at the JW Marriott Essex House in New York City, and via webcast. The event will focus on the Company’s growth strategy and financial outlook. Registration is now open for analysts and investors to attend either in person or via webcast.

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12/07/2023 04:15 PM

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World Kinect Corporation Declares Regular Quarterly Cash Dividend

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World Kinect Corporation (NYSE:WKC) declares a quarterly cash dividend of $0.14 per share

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10/26/2023 04:15 PM

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World Kinect Corporation Reports Third Quarter 2023 Results

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World Kinect Corporation reports financial results for Q3 2023, with a decrease in gross profit and net income compared to the same period last year. Adjusted EBITDA also decreased. The company remains focused on accelerating growth and expanding energy-management solutions.

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10/11/2023 05:00 PM

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World Kinect Corporation to Host Third Quarter 2023 Earnings Conference Call

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World Kinect Corporation to hold conference call to discuss third quarter 2023 results

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FAQ

What is the market cap of WORLD FUEL SERVICES (INT)?

The market cap of WORLD FUEL SERVICES (INT) is approximately 1.5B.

What does World Fuel Services Corporation do?

World Fuel Services Corporation specializes in the marketing, sale, and distribution of aviation, marine, and land fuel along with related products and services globally.

Where is World Fuel Services Corporation headquartered?

World Fuel Services Corporation is headquartered in Miami, Florida.

Which sectors does World Fuel Services serve?

World Fuel Services serves the aviation, marine, and land sectors, catering to commercial airlines, cargo carriers, private aircraft, international container and tanker fleets, cruise lines, petroleum distributors, and more.

How many locations does World Fuel Services operate in?

World Fuel Services operates in over 8,000 locations across more than 200 countries and territories worldwide.

Who are some of World Fuel Services' clients?

Clients include commercial airlines, cargo carriers, private aircraft, FBOs, the U.S. and foreign governments, international container and tanker fleets, cruise lines, petroleum distributors, retail petroleum operators, and various industrial and commercial entities.

What recent achievements has World Fuel Services made?

World Fuel Services has focused on innovation and sustainability, with ongoing projects aimed at enhancing fuel efficiency and reducing environmental impact.

What is the financial condition of World Fuel Services?

World Fuel Services has maintained a strong financial performance, supported by strategic partnerships and a broad client base, making it a key player in the global fuel logistics market.

What expertise does World Fuel Services' team offer?

The company’s team of market makers offers deep domain expertise in all aspects of aviation, marine, and land fuel management, ensuring optimized solutions for their clients.

Does World Fuel Services work with government entities?

Yes, World Fuel Services collaborates with the United States and foreign governments across its aviation and marine sectors.

What makes World Fuel Services a significant player in its industry?

World Fuel Services' extensive global reach, diverse client base, deep expertise, and commitment to innovation and sustainability make it a significant player in the global fuel logistics market.