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Dec 31, 2019
World Kinect Q4 2019 Earnings Report
Reported an increase in gross profit and net income for the fourth quarter of 2019.
Key Takeaways
World Fuel Services Corporation reported a 9% year-over-year increase in total gross profit to $286.6 million and GAAP net income of $56.5 million, or $0.86 per diluted share for the fourth quarter of 2019.
Total gross profit increased by 9% year-over-year to $286.6 million.
GAAP net income was $56.5 million, or $0.86 per diluted share.
Adjusted net income was $57.2 million, or $0.87 per diluted share.
Adjusted EBITDA increased by 9% year-over-year to $98.5 million.
Revenue by Segment
Forward Guidance
The company expects to continue driving growth opportunities, increasing the value of its global platform, and improving operating leverage across the enterprise. They also anticipate that their enhanced liquidity position will allow them to accelerate investment in organic growth and strategic investment opportunities, while maintaining a strong balance sheet.
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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