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Dec 31, 2023
World Kinect Q4 2023 Earnings Report
Reported a decrease in revenue and net income, but demonstrated strength in the Aviation segment's gross profit.
Key Takeaways
World Kinect Corporation reported a decrease in revenue and net loss for Q4 2023, with revenue at $12.0 billion, a decrease of 14%, and a net loss of $34.8 million, a decrease of 266%. Adjusted EBITDA decreased by 6% to $99.8 million. However, the Aviation segment showed strong growth in gross profit, increasing by 19%.
Revenue decreased by 14% to $12.0 billion.
Gross profit decreased by 18% to $232.4 million.
Net loss was $34.8 million, a 266% decrease.
Aviation segment gross profit increased by 19%.
Revenue by Segment
Forward Guidance
World Kinect looks forward to providing an update on its position in the market, strategy, and financial targets at its upcoming Investor Day.
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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