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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 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.
World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of $0.12 per share, set to be paid on January 7, 2022. Shareholders of record by December 17, 2021 will be eligible to receive this dividend. The company, headquartered in Miami, Florida, provides energy procurement advisory services and supply solutions across various industries, including aviation and marine, operating at over 8,000 locations worldwide.
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