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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 $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.
World Fuel Services (NYSE:INT) will host a conference call on April 29, 2021, at 5:00 PM ET to discuss its Q1 results and future outlook. The earnings report will be released after market closure on the same day. Participants can join via telephone or a live webcast on the company’s website. An audio replay will be available until May 6, 2021. World Fuel Services provides energy management solutions to clients in the aviation, marine, and land transportation sectors, operating in over 200 countries.
World Fuel Services (NYSE:INT) has announced a 20% increase in its quarterly cash dividend to $0.12 per share, payable on April 9, 2021, for shareholders of record on March 26, 2021. This decision reflects the company’s commitment to returning capital to shareholders while retaining flexibility for future investments. Executive Vice President Ira M. Birns expressed confidence in the company's future growth potential and strategic opportunities.
World Fuel Services reported a Q4 2020 net loss of $3.6 million or $0.06 per diluted share, with total gross profit dropping 42% year-over-year to $165.2 million. For the full year, gross profit fell 23% to $851.8 million, driven by declines in aviation, marine, and land segments due to COVID-19. Adjusted EBITDA stood at $44.6 million for Q4 and $261.4 million for the full year. The company emphasized its cost reduction efforts and strong liquidity to navigate the challenging economic landscape.
World Fuel Services Corporation (NYSE:INT) will host a conference call on February 25, 2021, at 5:00 PM ET to discuss its fourth quarter and full year results, along with forward-looking insights. Results will be released after market close on the same day. Participants can join the call via telephone or live webcast on the company's website. An audio replay will be accessible until March 11, 2021. World Fuel Services, based in Miami, provides energy management services globally, operating in aviation, marine, and land transportation sectors.
World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of $0.10 per share, set for payment on January 5, 2021. Shareholders of record as of December 11, 2020 will receive this dividend. As a global energy management company, World Fuel Services provides energy procurement advisory services and fuel supply fulfillment for various industries, including aviation and marine, operating across more than 200 countries.
World Fuel Services Corporation (NYSE:INT) will host a conference call on October 29, 2020, at 5:00 PM ET to discuss its third-quarter results. The company will release these results after market hours on the same day. Investors can access the call via telephone or online, with a replay available until November 12, 2020. World Fuel Services, headquartered in Miami, Florida, provides energy management solutions across various industries, serving over 8,000 locations worldwide.
World Fuel Services Corporation (NYSE: INT) has finalized the sale of its Multi Service payment solutions business to Corsair Capital for approximately $300 million in cash, with an additional deferred payment of $75 million subject to certain financial targets through 2022. The transaction marks a strategic move to enhance liquidity and focus on core business growth, according to executives. This aligns with their strategy to optimize their portfolio amid challenging market conditions.
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