World Kinect(US:WKC)2025-10-23 21:00Q3 2025 Financial Performance - World Kinect's Q3 2025 volume was 4283 million, a 4% decrease year-over-year compared to 4443 million in Q3 2024[20, 22] - The company's gross profit for Q3 2025 was $250 million, a 7% decrease compared to $268 million in Q3 2024[20, 22] - Net income for Q3 2025 was $28 million, an 20% decrease compared to $35 million in Q3 2024[20] - Diluted EPS for Q3 2025 was $046, a 19% decrease compared to $057 in Q3 2024[20] - Adjusted net income for Q3 2025 was $30 million, an 18% decrease compared to $37 million in Q3 2024[20] - Adjusted diluted EPS for Q3 2025 was $054, a 13% decrease compared to $062 in Q3 2024[20] - Adjusted EBITDA for Q3 2025 was $94 million, a 6% decrease compared to $100 million in Q3 2024[20] - Free cash flow increased to $102 million, a 280% increase compared to -$57 million in Q3 2024[20] Segment Performance - Aviation gross profit increased 11% year-over-year, driven by strong results in Europe, increased government sales, and business aviation activities[24, 26] - Land gross profit decreased 20%, primarily due to unfavorable market conditions in North America, the sale of UK and Brazil businesses, and exits from certain North American operations[31, 32] - Marine gross profit decreased 32% year-over-year, mainly due to lower profit contributions from certain physical locations and lower margins from reduced market volatility and fuel prices[35, 36] Q4 2025 Outlook - The company anticipates Aviation's gross profit to increase year-over-year, supported by the trip support acquisition and continued momentum from European airport operations[25] - Land gross profit is expected to decline year-over-year due to business exits and macroeconomic headwinds[29] - Marine gross profit is expected to decline year-over-year due to continued weakness in certain physical inventory locations and low market volatility[34] - Consolidated gross profit is guided to be between $237 million and $245 million[38, 49] - Adjusted operating expenses are guided to be between $181 million and $187 million[41, 49] - Interest expense is guided to be between $25 million and $27 million[44, 49]