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Dec 31, 2021
World Kinect Q4 2021 Earnings Report
Reported solid results with gross profit increase and strategic acquisitions.
Key Takeaways
World Fuel Services Corporation reported a 30% year-over-year increase in total gross profit for Q4 2021, reaching $215.2 million. GAAP net income was $15.4 million, or $0.25 per diluted share, while adjusted net income was $17.6 million, or $0.28 per diluted share. The company's adjusted EBITDA stood at $56.2 million. They are positioned for growth with a more ratable and leverageable business model.
Total gross profit increased by 30% year-over-year to $215.2 million.
GAAP net income was $15.4 million, or $0.25 per diluted share.
Adjusted net income reached $17.6 million, or $0.28 per diluted share.
Adjusted EBITDA was $56.2 million.
Revenue by Segment
Forward Guidance
World Fuel Services believes it is well-positioned to carry momentum into 2022 and poised for growth with a more ratable and leverageable business model.
Positive Outlook
- Well-positioned to carry momentum into 2022.
- Poised for growth with a more ratable and leverageable business model.
- Broad global customer base in land, sea and air markets.
- Uniquely positioned to support customers with energy requirements.
- Expanding suite of innovative and custom-tailored sustainability solutions.
Challenges Ahead
- Potential liabilities.
- Limited indemnities and the extent of any insurance coverage.
- Ability to effectively manage the effects of the COVID-19 pandemic.
- Customer and counterparty creditworthiness.
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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