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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.
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.
World Fuel Services Corporation (NYSE:INT) will hold a conference call on July 28, 2022 at 5:00 PM Eastern Time to discuss its second quarter results and forward-looking information. The results will be released after market close on the same day. Participants can pre-register on the company's website for phone access, or listen via live webcast. An archived version of the webcast will be available for a limited time post-call. The company provides global energy management services and operates over 8,000 locations in more than 200 countries.
World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of
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