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WORLD FUEL SERVICES CORP - INT STOCK NEWS

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Overview of World Fuel Services Corp (INT)

World Fuel Services Corp, headquartered in Miami, Florida, is a leading global fuel logistics company specializing in the marketing, sale, and distribution of aviation, marine, and land fuel, along with related products and services. Operating across more than 8,000 locations in over 200 countries and territories, the company plays a critical role in ensuring seamless fuel supply chains for a diverse range of industries. Its comprehensive portfolio of services positions it as a vital partner in the global energy and transportation ecosystems.

Core Business Segments

Aviation Fuel Solutions

World Fuel Services provides fuel and logistics solutions to a wide array of aviation customers, including commercial airlines, cargo carriers, private aircraft operators, and fixed base operators (FBOs). Additionally, the company serves governmental entities in both the United States and abroad. By leveraging its extensive network and domain expertise, World Fuel Services ensures reliable fuel supply and optimized operations for its aviation clients, addressing the unique demands of the aviation industry.

Marine Fuel Logistics

The marine segment caters to international container and tanker fleets, cruise lines, and time-charter operators. World Fuel Services offers tailored solutions to meet the specific needs of its marine clients, including fuel procurement, delivery, and management. Its ability to operate in diverse geopolitical and environmental conditions underscores its expertise in navigating the complexities of the global marine fuel market.

Land Fuel Distribution

In the land sector, the company serves petroleum distributors, retail petroleum operators, and industrial, commercial, and governmental customers. By providing fuel products and related services, World Fuel Services supports critical infrastructure and operations across a wide range of industries. Its land fuel solutions are designed to enhance efficiency and reliability for its clients, ensuring uninterrupted operations in demanding environments.

Global Reach and Expertise

One of World Fuel Services' key differentiators is its expansive global footprint, which spans over 200 countries and territories. This extensive reach is supported by a team of market makers with deep domain expertise in fuel management. The company's ability to operate at scale, combined with its commitment to delivering tailored solutions, positions it as a trusted partner for customers with complex fuel needs.

Industry Significance

World Fuel Services operates at the intersection of energy logistics and transportation, providing critical infrastructure that supports global commerce. Its role in facilitating efficient fuel supply chains contributes to the operational success of its clients across aviation, marine, and land sectors. By delivering reliable and customized solutions, the company helps its customers navigate the challenges of a dynamic and competitive marketplace.

Competitive Landscape

In a highly competitive industry, World Fuel Services distinguishes itself through its integrated approach to fuel logistics, combining supply chain management, customer service, and sector-specific expertise. Key competitors likely include large integrated oil companies and specialized fuel logistics providers. The company's ability to adapt to market fluctuations and geopolitical risks further enhances its competitive positioning.

Conclusion

World Fuel Services Corp is a cornerstone of the global fuel logistics industry, providing essential services that enable the smooth operation of aviation, marine, and land transportation networks. Its extensive global reach, deep industry expertise, and commitment to tailored solutions make it a vital partner for businesses and governments worldwide. By addressing the unique challenges of its diverse customer base, World Fuel Services continues to play a pivotal role in the global energy and transportation sectors.

Rhea-AI Summary
World Kinect (WKC) reported financial results for Q1 2024, showing a decrease in revenue, gross profit, and adjusted EBITDA compared to the same period last year. While land results were impacted by weather, aviation and marine segments performed well. Net income increased by 20%, but overall financial metrics saw declines.
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World Kinect (NYSE: WKC) will hold a conference call on April 25, 2024, to discuss its first quarter 2024 results and future outlook.
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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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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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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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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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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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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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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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World Kinect Corporation (NYSE:WKC) declares a quarterly cash dividend of $0.14 per share
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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 Corp do?

World Fuel Services Corp is a global fuel logistics company that markets, sells, and distributes aviation, marine, and land fuel, along with related services.

Who are the primary customers of World Fuel Services?

The company serves commercial airlines, cargo carriers, marine fleets, petroleum distributors, industrial operators, and governmental entities worldwide.

How does World Fuel Services generate revenue?

World Fuel Services generates revenue through the sale and distribution of fuel products and related services across aviation, marine, and land sectors.

What is the global reach of World Fuel Services?

World Fuel Services operates in over 8,000 locations across more than 200 countries and territories, providing extensive global coverage.

What industries does World Fuel Services support?

The company supports the aviation, marine, and land transportation industries, as well as industrial and governmental operations.

What sets World Fuel Services apart from competitors?

World Fuel Services differentiates itself through its global scale, deep domain expertise, and integrated approach to fuel logistics across multiple sectors.

What types of services does World Fuel Services provide in the aviation sector?

The company provides aviation fuel, logistics, and management services to commercial airlines, cargo carriers, private aircraft operators, and FBOs.

Does World Fuel Services operate in the marine sector?

Yes, World Fuel Services offers fuel logistics solutions for container and tanker fleets, cruise lines, and time-charter operators.

What role does World Fuel Services play in land fuel distribution?

World Fuel Services provides fuel products and related services to petroleum distributors, retail operators, and industrial and governmental customers.

How does World Fuel Services manage geopolitical risks in its operations?

The company leverages its extensive global network and expertise to navigate geopolitical challenges and ensure reliable fuel supply chains.
WORLD FUEL SERVICES CORP

NYSE:INT

INT Rankings

INT Stock Data

1.51B
70.83M
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Wholesale Trade
Link
United States
Doral