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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.
Corsair has announced that its portfolio company, TreviPay, has successfully closed its first global receivables securitization, shifting from $175 million in on-balance sheet loans to a $230 million off-balance sheet securitization. Additionally, TreviPay has sold its Multi Service Fuel Card business to Shell Oil Company. Corsair, which acquired TreviPay in September 2020, aims to drive the firm's growth in the B2B payments sector, emphasizing its commitment to long-term success.
World Fuel Services reported its third-quarter 2021 results with a total gross profit of $197.5 million, an 8% decrease year-over-year. GAAP net income was $21.7 million ($0.34 per diluted share), while adjusted net income stood at $22.7 million ($0.36 per diluted share). The aviation segment thrived with a gross profit of $113 million, a 16% year-over-year increase, while marine and land segments faced declines of 32% and 26%, respectively. Despite challenges, cash flow from operations reached $83 million for the quarter, supporting the acquisition of Flyers Energy.
World Fuel Services Corporation (NYSE: INT) has announced a definitive agreement to acquire Flyers Energy Group for approximately
World Fuel Services (NYSE:INT) will hold a conference call on October 28, 2021, at 5:00 PM ET to discuss its third quarter results. The earnings report will be released after market close on the same day. Interested participants may join the call via telephone or through a live webcast on the company's website. An audio replay will be accessible until November 4, 2021. World Fuel Services is a global energy management company serving clients in aviation, marine, and land transportation, with operations in over 200 countries.
World Fuel Services Corporation (NYSE:INT) declared a quarterly cash dividend of $0.12 per share, payable on October 8, 2021 to shareholders on record as of September 17, 2021. The company, headquartered in Miami, Florida, specializes in energy procurement advisory services and operates globally, serving clients in more than 200 countries. World Fuel Services is involved in the aviation, marine, and land transportation sectors, selling fuel and delivering comprehensive energy management solutions.
World Fuel Services Corporation (NYSE: INT) has appointed Jill B. Smart to its Board of Directors. With over 33 years of experience at Accenture, where she served as the Chief Human Resources Officer, Jill brings extensive expertise in human capital management and organizational transformation. Her addition is expected to enhance the company's strategic growth objectives. Smart is also involved with the National Academy of Human Resources and serves on the board of EPAM Systems, Inc. (NYSE: EPAM). She will participate in the Compensation and Governance committees.
World Fuel Services Corporation (NYSE: INT) reported a total gross profit of $183.9 million for Q2 2021, down 14% year-over-year. GAAP net income stood at $17.6 million, or $0.28 per diluted share, while adjusted net income was $25.0 million, or $0.39 per diluted share. The aviation segment saw gross profit of $87.4 million (-5%), marine at $22.7 million (-39%), and land at $73.8 million (-13%). Despite declines, the company anticipates improved demand as economic activity recovers post-COVID-19.
World Fuel Services Corporation (NYSE:INT) will hold a conference call on July 29, 2021, at 5:00 PM ET, to discuss its second-quarter results. The financial results will be released after market close on the same day. Investors can join the call by phone or via webcast on the company's website. An archive of the call will be available for replay until August 5, 2021. World Fuel Services provides energy management solutions globally, serving clients in aviation, marine, and land transportation across over 8,000 locations in more than 200 countries.
World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of $0.12 per share. This dividend will be payable on July 1, 2021, to shareholders on record as of June 4, 2021. The company is headquartered in Miami, Florida, and provides energy management services, including supply fulfillment and energy procurement advisory to commercial and industrial sectors, primarily in aviation, marine, and land transportation.
World Fuel Services Corporation (NYSE: INT) reported a total gross profit of $191.6 million for Q1 2021, a 26% decline year-over-year. The GAAP net income was $18.9 million, or $0.30 per diluted share, with an adjusted net income of $20.7 million, or $0.33 per diluted share. The aviation segment saw gross profit decrease by 18%, marine by 57%, and land by 16%. Despite challenges, the company generated $103 million in cash flow from operations and increased its cash dividend by 20%, signaling a focus on enhancing shareholder value amidst ongoing pandemic impacts.
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