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Overview
World Fuel Services Corp (symbol: INT) is a global fuel logistics company headquartered in Miami, Florida, offering a diverse and integrated suite of fuel marketing, sales, and distribution services supported by deep expertise in aviation fuel management, marine fuel logistics, and land fuel distribution. The company is extensively involved in providing fuel and related services to a wide array of customers including commercial airlines, cargo carriers, private aviation operators, fixed base operators (FBOs), maritime fleets, cruise liners, petroleum distributors, and various government agencies worldwide. With a presence that spans more than 8,000 locations across over 200 countries and territories, World Fuel Services has established an expansive network that meets the critical needs of global transportation and industrial sectors.
Core Business Areas
The company’s operations are divided into three primary sectors:
- Aviation Sector: Providing fuel solutions to commercial airlines, cargo carriers, and private and government aviation services, ensuring efficient fuel management and consistent supply for operational reliability.
- Marine Sector: Catering to international container and tanker fleets, as well as cruise lines and time-charter operators, the company delivers specialized fuel products tailored to the unique requirements of maritime operations.
- Land Sector: Serving petroleum distributors, retail petroleum operators, and industrial as well as commercial clients, the company supports a broad spectrum of land-based fuel requirements with strategic delivery and logistics solutions.
Market Position and Expertise
World Fuel Services distinguishes itself within the fuel logistics and marketing industry through its robust global network and a dedicated team of market makers who bring extensive domain expertise. The company’s operational model leverages strategic sourcing, real-time market intelligence, and rigorous risk management to provide reliable and cost-effective fuel solutions. This strategy supports its position in a competitive industry marked by volatility and diverse customer needs, allowing it to serve some of the largest and most demanding sectors globally.
Service Offerings and Operational Excellence
In addition to traditional fuel supply, the company offers comprehensive services that include fuel management, logistics, and technical support. The integration of these value-added services enables World Fuel Services to operate as a complete fuel solutions provider, managing complex logistics chains and ensuring timely delivery across geographies. Its ability to adapt and manage supply chain intricacies is a cornerstone of its operational excellence and positions it as a pivotal partner for clients managing large-scale fuel operations.
Industry Importance and Customer Focus
The extensive global footprint of World Fuel Services catalyzes its importance in sectors that are critical to modern transportation and industrial infrastructure. Its customer base spans governmental agencies, commercial enterprises, and private entities, underscoring the company's flexibility and capacity to serve diverse markets. By focusing on strategic market placements and technical expertise, the company not only meets the immediate fuel requirements of its customers but also supports broader operational efficiencies and economic stability in the energy supply chain.
Operational Strategies and Risk Management
Central to the company’s success is its sophisticated approach to risk management and market intelligence. The integration of data-driven strategies, along with a strong network of suppliers and logistic partners, ensures that operational risks are systematically addressed. This strategic approach helps mitigate challenges inherent in global fuel markets, such as pricing volatility and supply chain disruptions, thus cementing the company’s role as a resilient player in the global fuel logistics landscape.
Summary
In summary, World Fuel Services Corp has built a significant global presence through its comprehensive and integrated approach to fuel logistics in the aviation, marine, and land sectors. Its strategic operational framework, underpinned by market maker expertise and an expansive distribution network, enables the company to serve as a critical resource for a broad spectrum of customers. The company's methodical and data-driven approach continues to define its competitive positioning and underscores its importance in the fuel management industry.
World Fuel Services Corporation (NYSE:INT) will host a conference call on April 27, 2023, at 5:00 p.m. Eastern Time, to discuss its first quarter results and forward-looking information. The company plans to release its first quarter results after market close on the same day. Participants can join via live webcast or phone after pre-registration. A replay will be available until May 11, 2023. Headquartered in Miami, Florida, World Fuel Services provides energy procurement and related services globally, covering industries such as aviation and marine. They manage transactions and payments for clients at over 8,000 locations in more than 200 countries. For further details, visit the company’s website.
World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of $0.14 per share. This dividend is scheduled for payment on April 21, 2023 to shareholders of record as of April 6, 2023. Headquartered in Miami, Florida, World Fuel Services is a global energy management company that provides energy procurement advisory services and supply fulfillment, primarily in aviation, marine, and land transportation. The company operates over 8,000 locations across more than 200 countries worldwide.
World Fuel Services Corporation (NYSE: INT) reported significant financial results for Q4 and the full year 2022. Key highlights include a full year gross profit of $1.1 billion, up 38% year-over-year, and a net income of $114 million, a 55% increase. The company achieved a 40% revenue growth in Q4, reaching $13.9 billion. Adjusted diluted earnings per share rose by 50% for the year to $2.04. Adjusted EBITDA also showed a robust 60% growth, totaling $380 million. With nearly $80 million returned to shareholders through buybacks and dividends, the firm emphasizes its commitment to long-term growth and sustainability.
World Fuel Services Corporation (NYSE:INT) will hold a conference call on February 23, 2023, at 5:00 PM Eastern Time to discuss its fourth quarter and full year results, alongside forward-looking information. Results will be released after market close on the same date. The call can be accessed via phone through pre-registration on their website, and a live webcast will also be available. An archived version of the webcast will be accessible for two weeks following the call. World Fuel Services offers energy management services across various sectors globally, operating at over 8,000 locations in more than 200 countries.
World Fuel Services Corporation (NYSE:INT) declared a quarterly cash dividend of $0.14 per share, set for payment on January 6, 2023, to shareholders of record by December 23, 2022. The company, headquartered in Miami, Florida, provides energy procurement and management services to various industries, including aviation and marine. World Fuel Services operates globally, servicing over 8,000 locations in more than 200 countries.
World Kinect Energy Services will participate in a live panel discussion at COP27 on November 11, 2022, at 5:30 PM EET in Sharm El Sheik, Egypt. The discussion aims to explore innovative carbon offset strategies alongside Verra and Okeanos. The panel will highlight a new category of carbon offsets developed through collaboration and address the evolving nature of carbon credits. Key insights will include the impact of technology on the carbon offset market and the importance of accreditation in achieving net zero goals.
World Fuel Services Corporation (NYSE: INT) reported strong third-quarter results with total gross profit reaching $322.3 million, a 63% increase year-over-year. GAAP net income stood at $42.5 million or $0.68 per diluted share, while adjusted net income was $41.8 million or $0.67 per diluted share. Key drivers included a 15% rise in aviation gross profit to $129.6 million, a 242% surge in marine gross profit to $74.8 million, and an 88% boost in land gross profit to $117.9 million. Additionally, a 17% quarterly dividend increase was announced.
World Fuel Services Corporation (NYSE:INT) will hold a conference call on October 27, 2022, at 5:00 PM ET to discuss its third quarter results. The company plans to release its earnings after market closure on the same day.
Participants can pre-register for the call at the company's website. The call will also be available via live webcast, accessible on the same site. An archived version of the webcast will be available two hours post-call until November 10, 2022.
World Fuel Services Corporation (NYSE:INT) announced a 17% increase in its quarterly cash dividend to
World Fuel Services Corporation (NYSE: INT) reported strong second-quarter 2022 results with a total gross profit of $253.4 million, marking a 38% year-over-year increase. The GAAP net income was $24.4 million or $0.39 per diluted share, while adjusted earnings reached $25.8 million or $0.41 per share. The aviation segment's gross profit decreased by 40% to $52.8 million, but volumes rebounded to 85% of pre-pandemic levels. The marine segment excelled with a 244% increase in gross profit, driven by high bunker fuel prices. The company emphasized its diversified business model amid market volatility.
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