Financial Performance - Gross profit for Q4 2024 was $259 million, an 11% increase year-over-year[4] - GAAP net loss for Q4 2024 was $102 million, or $1.77 per diluted share, compared to a loss of $35 million in Q4 2023[6] - Adjusted net income for Q4 2024 was $36 million, or $0.62 per diluted share, a 15% increase from $0.54 per diluted share in Q4 2023[6] - Full year 2024 revenue decreased by 12% to $42.168 billion from $47.711 billion in 2023[6] - Adjusted EBITDA for Q4 2024 was $95 million, a 5% decrease from $100 million in Q4 2023[6] - Gross profit for the year ended December 31, 2024, was $1,026.4 million, down from $1,058.2 million in 2023, reflecting a gross margin of 2.4%[22] - Net loss attributable to World Kinect for the year ended December 31, 2024, was $67.4 million, compared to a net income of $52.9 million in 2023[22] - Basic earnings per share for the year ended December 31, 2024, was $(1.14), a decline from $0.86 in 2023[22] - Total revenue for Q4 2024 was $9,760.5 million, a decrease of 18.5% from $12,002.9 million in Q4 2023[27] - The total income from operations for the year ended December 31, 2024, was $210.6 million, compared to $198.0 million in 2023, reflecting a 6.6% increase[27] Cash Flow and Liquidity - Operating cash flow generated in 2024 was $260 million, with $139 million returned to shareholders through dividends and share repurchases, reflecting a 47% year-over-year increase[7] - Free cash flow for 2024 was $192 million, indicating strong cash generation capabilities[7] - Cash and cash equivalents increased to $382.9 million as of December 31, 2024, from $304.3 million in 2023, an increase of 25.8%[20] - The company reported a net cash provided by operating activities of $120.3 million for Q4 2024, compared to $4.5 million in Q4 2023[24] - Free cash flow for the three months ended December 31, 2024, was $102.4 million, significantly improved from $(15.2) million in the same period of 2023[35] Segment Performance - Gross profit in the Land segment increased by 83% year-over-year, primarily due to a non-recurring item in Q4 2023[4] - The Aviation segment reported a gross profit of $120 million, an 8% decrease year-over-year[4] - The Aviation segment reported revenue of $4,737.8 million in Q4 2024, down 19.3% from $5,874.3 million in Q4 2023[27] - The Land segment's revenue decreased to $2,951.1 million in Q4 2024, down 19.6% from $3,672.8 million in Q4 2023[27] - The Marine segment's revenue decreased to $2,071.7 million in Q4 2024, down 15.6% from $2,455.8 million in Q4 2023[27] Assets and Liabilities - Total current assets decreased to $3,959.2 million as of December 31, 2024, from $4,503.8 million in 2023, a reduction of 12.1%[20] - Total liabilities decreased to $4,775.8 million as of December 31, 2024, from $5,425.7 million in 2023, a decline of 11.9%[20] - Retained earnings increased to $2,009.2 million as of December 31, 2024, compared to $1,981.6 million in 2023, an increase of 1.4%[20] - Total equity for World Kinect increased slightly to $1,955.9 million as of December 31, 2024, from $1,949.6 million in 2023[20] Other Financial Metrics - The company recorded a one-time, non-cash pre-tax loss of approximately $111 million due to the sale of its Brazil subsidiaries[4] - Comprehensive income for the year ended December 31, 2024, was $(51.7) million, compared to $(13.2) million in 2023, indicating a significant decline[22] - The company experienced a significant unrealized loss on derivatives of $7.1 million in Q4 2024, compared to a loss of $75.8 million in Q4 2023[24] - The total depreciation and amortization expense for the year ended December 31, 2024, was $106.4 million, compared to $104.5 million in 2023[33] - Interest expense and other financing costs for the year ended December 31, 2024, totaled $102.2 million, down from $127.7 million in 2023[33] Strategic Initiatives - The company expects to continue focusing on market expansion and new product development as part of its strategic initiatives moving forward[34]

The upcoming report from World Kinect (WKC) is expected to reveal quarterly earnings of $0.55 per share, indicating an increase of 1.9% compared to the year-ago period. Analysts forecast revenues of $10.56 billion, representing a decrease of 12% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 13.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this time ...

Core Insights - The article compares World Kinect (WKC) and Ormat Technologies (ORA) to determine which stock is more attractive to value investors [1][3] Valuation Metrics - WKC has a forward P/E ratio of 11.16, while ORA has a forward P/E of 29.71, indicating WKC is potentially undervalued [5] - WKC's PEG ratio is 0.92, suggesting a favorable valuation relative to its expected earnings growth, whereas ORA's PEG ratio is 2.97 [5] - WKC has a P/B ratio of 0.80, compared to ORA's P/B of 1.53, further supporting WKC's valuation attractiveness [6] Earnings Outlook - WKC is noted for having an improving earnings outlook, which enhances its appeal in the Zacks Rank model [7]

Core Insights - The article compares World Kinect (WKC) and TC Energy (TRP) to determine which stock offers better value for investors [1] - A strong Zacks Rank combined with a good Value grade is highlighted as an effective strategy for identifying value stocks [2] Valuation Metrics - WKC has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while TRP has a Zacks Rank of 3 (Hold) [3] - WKC's forward P/E ratio is 11.53, significantly lower than TRP's forward P/E of 17.95 [5] - WKC's PEG ratio is 0.95, compared to TRP's PEG ratio of 4.49, suggesting WKC is more favorably valued in terms of expected earnings growth [5] - WKC's P/B ratio is 0.81, while TRP's P/B ratio is 1.77, indicating WKC is undervalued relative to its book value [6] - These metrics contribute to WKC receiving a Value grade of A, whereas TRP has a Value grade of C [6] Conclusion - WKC exhibits stronger estimate revision activity and more attractive valuation metrics than TRP, making it the preferred choice for value investors at this time [7]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach may involve investing in bargain stocks that have recently shown price momentum [2] Group 2: World Kinect (WKC) Stock Analysis - World Kinect (WKC) has a four-week price change of 3.8%, indicating growing investor interest [3] - WKC gained 6.8% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.28, suggesting it moves 28% higher than the market in either direction [4] Group 3: Valuation and Earnings Estimates - WKC has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - WKC is trading at a Price-to-Sales ratio of 0.04, meaning investors pay only 4 cents for each dollar of sales, indicating a reasonable valuation [6] Group 4: Additional Investment Opportunities - Besides WKC, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens to help identify potential winning stock picks based on various investing styles [8]

World Kinect (WKC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ | --- | --- | --- | |-------------------------------------------------------|----------------------------------------------------- ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q3 2024 Earnings Call | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Disclaimer and Cautionary Note Regarding Forward-Looking Statements Certain statements, including comments about World Kine ...

World Kinect Corporation (NYSE:WKC) Q3 2024 Results Earnings Conference Call October 25, 2024 5:00 PM ET Company Participants Braulio Medrano - Senior Director, FP&A and Investor Relations Michael Kasbar - Chairman and Chief Executive Officer Ira Birns - Executive Vice President and Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Securities John Royall - J.P. Morgan Pavel Molchanov - Raymond James Ben Nolan - Stifel Operator Thank you for standing by, and welcome to World ...

World Kinect (WKC) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company that services ships, jets and trucks would post earnings of $0.56 per share when it actually produced earnings of $0.48, delivering a surprise of -14.29%.Over the last four quarters, the company has surpassed consensus EPS estimates just on ...