Financial Performance - Consolidated revenue for the three months ended September 30, 2025 was $9.4 billion, a decrease of $1.1 billion, or 10%, compared to the same period in 2024[116]. - Gross profit for the three months ended September 30, 2025 was $249.6 million, a decrease of $18.5 million, or 7%, compared to the same period in 2024[117]. - Total operating expenses for the three months ended September 30, 2025 were $186.8 million, a decrease of $9.1 million, or 5%, compared to the same period in 2024[118]. - Net income attributable to World Kinect for the three months ended September 30, 2025 was $25.7 million, compared to $33.5 million in 2024[116]. - Consolidated revenue for the nine months ended September 30, 2025 was $27.9 billion, a decrease of $4.5 billion, or 14%, compared to the same period in 2024[131]. - Total operating expenses for the nine months ended September 30, 2025 were $1.0 billion, an increase of $414.5 million, or 71%, compared to the same period in 2024[133]. - Net income attributable to World Kinect for the nine months ended September 30, 2025 was $(334.7) million, compared to $169.2 million in 2024[131]. Segment Performance - Revenue in the aviation segment for the three months ended September 30, 2025 was $4.9 billion, a decrease of $350.3 million, or 7%, compared to the same period in 2024[121]. - Revenue in the land segment for the three months ended September 30, 2025 was $2.5 billion, a decrease of $616.0 million, or 20%, compared to the same period in 2024[125]. - Revenue in the marine segment for the three months ended September 30, 2025 was $2.0 billion, a decrease of $132.8 million, or 6%, compared to the same period in 2024[128]. - For the nine months ended September 30, 2025, the aviation segment revenue was $14.2 billion, a decrease of $1.5 billion, or 9%, compared to the same period in 2024[136]. - The aviation segment gross profit increased by $31.2 million, or 9%, to $396.4 million for the nine months ended September 30, 2025, driven by higher contributions from operated airport locations in Europe[137]. - The land segment revenue was $7.8 billion for the nine months ended September 30, 2025, a decrease of $2.0 billion, or 21%, compared to the same period in 2024, primarily due to lower average fuel prices[140]. - The land segment gross profit decreased by $52.2 million, or 19%, to $227.8 million for the nine months ended September 30, 2025, impacted by unfavorable market conditions[141]. - The marine segment revenue was $5.8 billion for the nine months ended September 30, 2025, a decrease of $1.0 billion, or 15%, compared to the same period in 2024, due to lower average prices and decreased volume[143]. - The marine segment gross profit decreased by $34.0 million, or 28%, to $88.2 million for the nine months ended September 30, 2025, primarily due to lower bunker fuel prices[145]. Impairments and Charges - The company recognized asset impairment charges of $3.1 million and wrote off accounts receivable totaling $4.4 million during the three months ended December 31, 2024[102]. - A goodwill impairment charge of $359.0 million was recognized, representing a partial impairment of goodwill in the land reporting unit[167]. - The land segment underwent a reassessment leading to downward revisions in long-term forecasts due to macroeconomic pressures and underperformance against financial expectations[110]. Cost Savings and Restructuring - The company expects to achieve approximately $30 million in annualized compensation-related savings from restructuring actions taken in the first quarter of 2025[103]. - A total of $80 million in cost savings is anticipated over a five-year period from 2026 through 2030 as part of the global finance and accounting optimization initiative[104]. Acquisitions and Sales - The company completed the sale of its U.K. land fuels business for total proceeds of $42.8 million in April 2025[102]. - The company entered into a definitive agreement to acquire Universal Weather and Aviation's Trip Support Services division for approximately $220 million, with $160 million payable at closing[157]. Cash Flow and Financing - For the nine months ended September 30, 2025, net cash provided by operating activities was $258.7 million, an increase of $119.1 million compared to $139.6 million for the same period in 2024[159]. - Net cash used in investing activities for the nine months ended September 30, 2025 was $4.8 million, a decrease from net cash provided of $98.9 million in the same period of 2024, primarily due to capital expenditures of $44.2 million[160]. - Net cash used in financing activities was $163.7 million for the nine months ended September 30, 2025, compared to $162.6 million in the same period of 2024, mainly due to net repayments of debt of $80.7 million[161]. - The company believes that its cash and cash equivalents, along with available funds from its Credit Facility, are sufficient to fund working capital and capital expenditure requirements for at least the next twelve months[149]. Economic and Market Conditions - Inflation in the U.S. decelerated in 2024 as supply chains stabilized, following significant increases driven by supply chain disruptions and labor shortages[112]. - The company anticipates that a significant or prolonged period of trade uncertainty or high inflation could adversely impact its results[114]. - There have been no material changes to the company's exposures to commodity price, interest rate, or foreign currency risk since December 31, 2024[168].

World Kinect (WKC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.48%. A quarter ago, it was expected that this company that services ships, jets and trucks would post earnings of $0.48 per share when it actually produced earnings of $0.59, delivering a surprise of +22.92%.Over t ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Company ParticipantsBraulio Medrano - Senior Director of FP&A and Investor RelationsIra Birns - President and CFOMichael Kasbar - Chairman and CEOConference Call ParticipantsNone - AnalystOperatorThank you for standing by and welcome to World Kinect Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer se ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker0Thank you for standing by, and welcome to World Connect Corporation's Third Quarter twenty twenty five Earnings Conference Call. I would now like to hand the call over to Brolio Medrano, Senior Director of FP and A and Investor Relations. Please go ahead.Speaker1Thank you, Latif, and good evening, everyone. Welcome to WorldConnect's third quarter twenty twenty five earnings conference call, which will be presented alongside o ...

World Kinect (NYSE:WKC) Q3 2025 Earnings Call October 23, 2025 05:00 PM ET Speaker3Thank you for standing by and welcome to World Kinect Corporation's third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press *11 on your telephone. To remove yourself from the queue, you may press *11 again. I would now like to hand the call ove ...

Third Quarter 2025 Earnings Call October 23, 2025 © Copyright 2025 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved. 1 Disclaimer and Cautionary Note Regarding Forward-Looking Statements Certain statements, including comments about World Kinect Corporation's expectations regarding future plans, performance and acquisitions are forward-looking statements that are subject to a range of uncertainties and risks that could cause World Kinect's actual results to materially differ from the ...

Exhibit 99.1 World Kinect Corporation Reports Third Quarter 2025 Results MIAMI—October 23, 2025—World Kinect Corporation (NYSE: WKC) today reported financial results for the third quarter of 2025. Third Quarter 2025 Highlights Year-Over-Year Segment Profitability 1 • Gross profit of $250 million • GAAP net income of $26 million, or $0.46 per diluted share • Adjusted net income of $30 million, or $0.54 per diluted share • Adjusted EBITDA of $94 million • Generated $116 million of operating cash flow • Free c ...

MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC), a global energy management, logistics and solutions company, today announced a series of executive leadership appointments. Effective January 1, 2026, the Board of Directors has appointed Ira M. Birns as Chief Executive Officer and as a member of the Board of Directors. Mr. Birns succeeds Michael Kasbar, the company's Chairman and CEO. Mr. Kasbar will transition to Executive Chairman of the Board, effective January 1, 2026. Also effe. ...

Company Overview - World Kinect (WKC) is headquartered in Miami and operates in the Oils-Energy sector, experiencing a price change of -5.23% year-to-date [3] - The company currently pays a dividend of $0.20 per share, resulting in a dividend yield of 3.07%, which is higher than the Oil and Gas - Refining and Marketing industry's yield of 2.81% and the S&P 500's yield of 1.5% [3] Dividend Performance - World Kinect's annualized dividend of $0.80 has increased by 17.6% from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 13.04% [4] - The current payout ratio stands at 35%, indicating that the company distributes 35% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for World Kinect's earnings in 2025 is projected at $2.25 per share, reflecting a year-over-year growth rate of 3.21% [5] Investment Appeal - World Kinect is positioned as an attractive investment opportunity due to its strong dividend yield and a Zacks Rank of 1 (Strong Buy) [6]

Core Insights - The article compares World Kinect (WKC) and Phillips 66 (PSX) as potential undervalued stocks in the Oil and Gas - Refining and Marketing sector [1] Valuation Metrics - WKC has a forward P/E ratio of 11.61, while PSX has a forward P/E of 25.77 [5] - WKC's PEG ratio is 1.18, compared to PSX's PEG ratio of 1.95 [5] - WKC's P/B ratio is 0.9, indicating a lower market value relative to its book value, while PSX has a P/B of 1.94 [6] Investment Ratings - Both WKC and PSX currently hold a Zacks Rank of 1 (Strong Buy), indicating positive earnings estimate revisions for both companies [3] - WKC has a Value grade of A, while PSX has a Value grade of C, suggesting WKC is the superior value option based on current valuation figures [6]