World Kinect Stock Price, News & Analysis

World Kinect (NYSE: WKC) reported its Q4 and full year 2024 results. Q4 highlights include gross profit of $259 million, GAAP net loss of $102 million (-$1.77 per share), and adjusted net income of $36 million ($0.62 per share). The company generated $120 million in operating cash flow and repurchased $43 million of common stock.

For full year 2024, WKC achieved gross profit of $1.03 billion, GAAP net income of $67 million ($1.13 per share), and adjusted net income of $130 million ($2.18 per share). The company generated $260 million in operating cash flow and returned $139 million to shareholders through dividends and share repurchases.

Notable events include the sale of Brazil subsidiaries resulting in a one-time non-cash pre-tax loss of $111 million, and exit activities in North American land operations leading to $9 million in asset impairment and exit costs. Additionally, $22 million in asset impairments were recorded related to an equity-method investment.

World Kinect (NYSE: WKC) has announced it will hold a conference call on Thursday, February 20, 2025, at 5:00 p.m. ET. During the call, management will discuss the company's fourth quarter and full year 2024 results with investors and analysts.

World Kinect (NYSE: WKC) has announced that its board of directors has declared a quarterly cash dividend of $0.17 per share. The dividend will be payable on January 16, 2025 to shareholders of record as of December 23, 2024.

World Kinect (NYSE: WKC) reported its Q3 2024 financial results with revenue of $10.5 billion, down 14% year-over-year. The company posted gross profit of $268.1 million (down 5%) and net income of $33.5 million (down 4%). Aviation segment showed strength with 3% gross profit growth, while Land segment declined 16%. The company repurchased $28 million in shares during Q3. Notable performance metrics include Adjusted EBITDA of $100.1 million (down 1%) and adjusted diluted earnings per share of $0.62 (up 7%).

World Kinect (NYSE: WKC) has announced it will host a conference call on Thursday, October 24, 2024, at 5:00 p.m. ET to discuss the company's third quarter 2024 results. The call will provide an opportunity for stakeholders to hear from the management team about the company's performance and future outlook. This event is significant for investors and analysts as it offers insights into World Kinect's financial health and strategic direction. The timing of the call, scheduled after market close, allows for a comprehensive review of the quarter's activities and results.

Darling Ingredients Inc. (NYSE: DAR) has announced that its joint venture, Diamond Green Diesel (DGD), will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Over a two-year period, World Fuel Services will deliver approximately 60 million gallons of blended SAF, including 18 million gallons of neat SAF, produced by DGD from used cooking oil and food waste.

The SAF will have at least 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel and will be used for DHL Express's GoGreen Plus emission-reduced air transportation services. DGD's Port Arthur plant is expected to be capable of upgrading about 50% of its 470 million gallon annual production capacity to SAF by the fourth quarter of 2024, potentially making it one of the largest SAF manufacturers globally.

World Kinect (NYSE: WKC) has announced two significant financial decisions. Firstly, the Board of Directors declared a quarterly cash dividend of $0.17 per share, payable on October 16, 2024, to shareholders of record on September 30, 2024. Secondly, the company approved an additional $200 million share repurchase authorization, supplementing the previous authorization which had about $108 million remaining as of June 30, 2024.

CFO Ira Birns stated that this increase in share repurchase authorization underscores the company's strong financial position and ability to generate solid free cash flow. The repurchases can be made in the open market or through private negotiations, with timing and amount dependent on various factors. The program has no expiration date and can be adjusted as needed.

World Kinect (NYSE: WKC) reported its Q2 2024 financial results. Key highlights include:

• Revenue of $11.0 billion, flat year-over-year
• Gross profit of $245.2 million, down 13%
• Net income of $108.3 million, up 262% (including $86.9 million after-tax gain on sale)
• Adjusted EBITDA of $80.9 million, down 18%

The Aviation segment performed well, while the Land business faced unfavorable market conditions. The company sold Avinode Group and is focusing on streamlining its Land portfolio. Cash flow from operations was $68 million, enhancing liquidity for core business investments and shareholder returns.

World Kinect (WKC) will host its Q2 2024 earnings conference call on July 25, 2024, at 5:00 p.m. ET. The management team will discuss the company's financial performance and provide insights into future prospects. This call is an opportunity for analysts and investors to gather detailed information on WKC's quarterly results and strategic direction. Participants can join the call via the provided link or dial-in numbers. The earnings report is expected to cover key financial metrics, operational highlights, and potentially forward-looking statements.