World Kinect(US:WKC)2025-04-24 22:00Financial Performance - World Kinect Corporation's Q1 2025 diluted EPS was -$0.37, compared to $0.45 in Q1 2024, a decrease of 182%[24] - Adjusted diluted EPS increased by 2% year-over-year, from $0.47 in Q1 2024 to $0.48 in Q1 2025[24] - Adjusted EBITDA decreased by 6%, from $86 million in Q1 2024 to $80 million in Q1 2025[24] - Gross profit decreased by 9% year-over-year, from $254 million in Q1 2024 to $230 million in Q1 2025[24] - Free cash flow increased by 7%, from $93 million in Q1 2024 to $99 million in Q1 2025[24] Segment Performance - Aviation gross profit increased by 7%, from $108.4 million in Q1 2024 to $115.7 million in Q1 2025, with volumes up by 2%[27, 30] - Land gross profit decreased by 19%, from $97.3 million in Q1 2024 to $79.0 million in Q1 2025, with volumes down by 6%[27, 34] - Marine gross profit decreased by 26%, from $48.4 million in Q1 2024 to $35.7 million in Q1 2025, with volumes down by 14%[27, 39] Strategic Actions and Outlook - The company recognized a one-time charge of $44.5 million related to the sale of its UK Land business[23] - Restructuring charges of $15 million were recognized to streamline the operating model[23] - Q2 2025 gross profit is projected to be between $235 million and $244 million[42]