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Mar 31, 2024
World Kinect Q1 2024 Earnings Report
Reported first quarter results, reflecting a mix of segment performance and strategic focus.
Key Takeaways
World Kinect Corporation reported a decrease in revenue but an increase in net income for Q1 2024. While weather impacted land results, aviation and marine performed well. The company remains focused on driving growth and profitability across its three business segments.
Revenue decreased by 12% to $11.0 billion.
Gross profit decreased by 3% to $254.1 million.
Net income increased by 20% to $27.4 million.
Adjusted EBITDA decreased by 1% to $85.9 million.
Revenue by Segment
Forward Guidance
World Kinect's outlook for the balance of the year remains strong, with a focus on organic growth and strategic investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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