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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) has declared a quarterly cash dividend of
World Fuel Services Corporation (NYSE: INT) reported a strong first quarter for 2022, achieving a total gross profit of $230.9 million, a 21% increase year-over-year. GAAP net income reached $26.3 million, translating to $0.41 per diluted share. The aviation segment faced challenges with a 16% decrease in gross profit, totaling $64.2 million, primarily due to inventory losses and reduced government activity in Afghanistan. Conversely, the marine segment saw an impressive 85% increase to $47.0 million, while the land segment's gross profit rose 34% to $119.8 million following its acquisition of Flyers Energy.
World Fuel Services Corporation (NYSE: INT) will host a conference call on April 28, 2022, at 5:00 PM Eastern Time to discuss its first quarter results. The financial results will be released post-market on the same date. Interested participants can access the conference via telephone at (833) 562-0141 for U.S. and Canada, or (661) 567-1221 internationally. A live webcast will also be available on the company’s website, with an archive to remain accessible until May 12, 2022.
World Fuel Services Corporation (NYSE: INT) has amended its unsecured credit facility, increasing the total to
World Fuel Services Corporation (NYSE:INT) announced a quarterly cash dividend of $0.12 per share, scheduled for payment on April 8, 2022. Shareholders on record as of March 25, 2022 will receive the dividend. The company, headquartered in Miami, Florida, provides energy procurement, supply fulfillment, and management solutions, primarily serving aviation, marine, and land transportation industries. They also offer services in natural gas, electricity, and renewable energy alternatives across over 200 countries.
World Fuel Services reported its Fourth-Quarter 2021 results with a total gross profit of $215.2 million, marking a 30% year-over-year increase. The GAAP net income was $15.4 million, or $0.25 per diluted share, while adjusted net income reached $17.6 million, or $0.28 per diluted share. However, the full year revealed a 7% decline in gross profit to $788.2 million. Despite increased cash flow of $173 million and nearly $80 million returned to shareholders, segments showed mixed results with aviation up 10% but marine down 34%.
World Fuel Services Corporation (NYSE:INT) will host a conference call on February 24, 2022, at 5:00 PM Eastern Time, to discuss its fourth quarter and full year results. The announcement will occur after market close on the same day. Participants can join via telephone or through a live webcast available on the company’s website. Archived access to the webcast will be available for two weeks following the event. World Fuel Services specializes in energy management, providing services to clients in aviation, marine, and land transportation sectors globally.
World Fuel Services Corporation (NYSE: INT) has completed its acquisition of Flyers Energy Group, marking the largest deal in the company's history. This strategic acquisition enhances World Fuel's scale and geographic presence within the North American land segment. Flyers, based in Auburn, California, provides a range of services including transportation, fueling, and lubricants distribution, serving over 12,000 customers through the largest national network of cardlock locations in the U.S. The acquisition is anticipated to significantly boost earnings, cash flow, and return on capital.
World Fuel Services (NYSE: INT) announced the supply of Sustainable Aviation Fuel (SAF) to RAF Brize Norton, supporting the Autumn Royal Tour for the Prince of Wales and the Duchess of Cornwall. This initiative highlights World Fuel's commitment to sustainable energy, having delivered over 27 million gallons of SAF since 2015. The company collaborates with Neste, which produces SAF capable of reducing greenhouse gas emissions by up to 80% compared to fossil fuels. World Fuel aims to expand its renewable energy offerings, advocating for lower-carbon fuels to achieve net zero emissions in aviation.
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