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Sep 30, 2022
World Kinect Q3 2022 Earnings Report
Reported solid results across all businesses, with record quarterly gross profit, adjusted EBITDA, and the highest level of quarterly earnings per share in more than two years.
Key Takeaways
World Fuel Services Corporation reported a strong third quarter in 2022, marked by a 63% year-over-year increase in total gross profit, reaching $322.3 million. The company's GAAP net income was $42.5 million, or $0.68 per diluted share, while adjusted net income stood at $41.8 million, or $0.67 per diluted share. Adjusted EBITDA reached $122.5 million, reflecting solid performance across all business segments amidst global macroeconomic uncertainty.
Total gross profit increased by 63% year-over-year to $322.3 million.
GAAP net income was reported at $42.5 million, or $0.68 per diluted share.
Adjusted net income reached $41.8 million, or $0.67 per diluted share.
Adjusted EBITDA was $122.5 million.
Revenue by Segment
Forward Guidance
The release includes forward-looking statements regarding the company's beliefs and expectations about leveraging expertise and distribution capabilities to satisfy customers' energy requirements and support their achievement of carbon reduction goals, as well as the strength of the balance sheet and liquidity profile while enhancing returns to shareholders.
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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