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Jun 30, 2022
World Kinect Q2 2022 Earnings Report
Reported solid results driven by diversification and resilience amidst global energy market volatility.
Key Takeaways
World Fuel Services reported a 38% year-over-year increase in total gross profit, reaching $253.4 million. GAAP net income was $24.4 million, or $0.39 per diluted share, while adjusted net income was $25.8 million, or $0.41 per diluted share. The company's marine segment achieved record gross profit due to market volatility and high bunker fuel prices, and the land segment performed strongly due to the Flyers acquisition.
Total gross profit increased by 38% year-over-year to $253.4 million.
GAAP net income was $24.4 million, or $0.39 per diluted share.
Adjusted net income reached $25.8 million, or $0.41 per diluted share.
Marine segment delivered record gross profit due to market volatility and high bunker fuel prices.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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