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Sep 30, 2024
World Kinect Q3 2024 Earnings Report
Reported solid results in Q3 2024, driven by strong seasonal performance in the aviation business.
Key Takeaways
World Kinect Corporation reported a revenue of $10.5 billion, a decrease of 14%. Net income was $33.5 million, a decrease of 4%. Adjusted EBITDA was $100.1 million, a decrease of 1%. The company repurchased $28 million of shares during the quarter.
Revenue decreased by 14% to $10.5 billion.
Gross profit decreased by 5% to $268.1 million.
Net income decreased by 4% to $33.5 million.
Adjusted EBITDA decreased by 1% to $100.1 million.
Revenue by Segment
Forward Guidance
The company remains dedicated to driving growth in core business activities, worldwide, while continuing to refine the land portfolio, which should further enhance operating efficiencies and improve returns. The company also remains committed to executing on its medium-term financial targets to drive sustainable and profitable growth.
Positive Outlook
- Driving growth in core business activities worldwide.
- Refining the land portfolio.
- Enhancing operating efficiencies.
- Improving returns.
- Executing on medium-term financial targets.
Challenges Ahead
- Customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts.
- Changes in the market prices of energy or commodities or extremely high or low fuel prices that continue for an extended period of time.
- Adverse conditions in the industries in which our customers operate.
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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