Loading...
•
Jun 30, 2023
World Kinect Q2 2023 Earnings Report
World Kinect reported an increase in gross profit, net income, and adjusted EBITDA compared to the same period last year.
Key Takeaways
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.
Forward Guidance
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...