World Kinect Corporation reported an 11% increase in gross profit to $282 million and a 23% increase in net income to $30 million for the second quarter of 2023. The company's GAAP diluted earnings and adjusted diluted earnings per share were $0.48, and adjusted EBITDA increased 29% to $99 million.
Gross profit increased 11% to $282 million.
Net income increased 23% to $30 million.
GAAP diluted earnings and adjusted diluted earnings per share of $0.48.
Adjusted EBITDA increased 29% to $99 million.
World Kinect is focused on delivering solid results in its seasonally strongest third quarter and remains optimistic about its performance outlook for the balance of the year and into 2024.
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