Loading...
•
Dec 31, 2024
World Kinect Q4 2024 Earnings Report
World Kinect Corporation reported a decrease in revenue and net loss, with growth in gross profit and operating cash flow for the fourth quarter of 2024.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Commitment to medium-term strategic objectives.
- Focus on driving growth.
- Initiatives to increase profitability through improved operating efficiencies.
- Aim to deliver enhanced shareholder returns.
- Generated strong operating cash flow in 2024, returning capital to shareholders.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not contain explicit negative forward-looking statements.
- No specific risks or challenges for future periods were outlined as forward guidance.
- The company did not provide a negative outlook for its segments.
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
Loading earnings performance data...
Loading earnings reaction data...