World Kinect Corporation announced its financial results for the fourth quarter and full year 2024. The company reported a gross profit of $259 million and generated $120 million of operating cash flow for the quarter. Despite a GAAP net loss of $102 million, adjusted net income was $36 million. Full year highlights included a gross profit of $1.03 billion and adjusted EBITDA of $361 million.
Gross profit for Q4 2024 increased by 11% to $259 million compared to $232 million in Q4 2023.
The company reported a GAAP net loss of $102 million, or $1.77 per diluted share, for Q4 2024.
Adjusted net income for Q4 2024 was $36 million, or $0.62 per diluted share, showing a 15% increase in adjusted diluted EPS year-over-year.
Operating cash flow generated in Q4 2024 was $120 million, a significant increase from $4.5 million in Q4 2023.
The company is committed to its medium-term objectives, focusing on strategic actions to drive growth, increase profitability through improved operating efficiencies, and deliver enhanced shareholder returns.
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