NYSE$WKC

World Kinect Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

World Fuel Services reported first quarter results, demonstrating the value of its diversified business model with strong results in marine and land businesses offsetting challenges in aviation.

World Fuel Services Corporation reported a 21% increase in total gross profit year-over-year, reaching $230.9 million. GAAP net income was $26.3 million, or $0.41 per diluted share, while adjusted net income was $26.8 million, or $0.42 per diluted share. Adjusted EBITDA was $74.9 million.

  • Total gross profit increased by 21% year-over-year to $230.9 million.
  • GAAP net income was $26.3 million, or $0.41 per diluted share.
  • Adjusted net income reached $26.8 million, or $0.42 per diluted share.
  • Adjusted EBITDA amounted to $74.9 million.

Headline financials

Total Revenue

$12.4B

Previous: $5.96B+107.8%
EPS (adj)

$0.42

Previous: $0.33+27.3%
Adjusted EBITDA

$74.9M

Previous: $61.9M+21.0%
Capital Expenditures

-$16.7M

Previous: -$2M-735.0%
Free Cash Flow

$9.6M

Previous: $16.9M-43.2%
Net Income

$26.3M

Previous: $18.9M+39.2%
Operating Income

$41.3M

Previous: $37.6M+9.8%
Gross Profit

$231M

Previous: $192M+20.5%
Cash & Equivalents

$266M

Previous: $735M-63.8%
Total Assets

$7.97B

Previous: $4.93B+61.8%
Stock-Based Comp

$3.7M

Previous: $8.7M-57.5%

Revenue & EPS history

World Kinect · Revenue · Quarterly

$12.4B

Q1 2022+107.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

World Kinect · $12.5B total across 3 segments · Q1 2022

  • Aviation Segment
    $5.01B+139.2%
  • Land Segment
    $4.46B+103.7%
  • Marine Segment
    $2.99B+78.6%

Forward guidance

The release includes forward-looking statements regarding the company's beliefs and expectations about its ability to capitalize on its sustainability solutions and meet its customers' energy requirements, as well as its view of its balance sheet and capital allocation to support organic growth and strategic opportunities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-0.5%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+23.5%

Q2 2018

Best reaction

-19.4%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.6%+14.7%+25.3%
Q4 2025-6.1%-4.4%-14.9%
Q3 2025+3.5%-0.3%-7.0%
Q1 2025-1.4%+2.0%+11.1%
Q4 2024+11.4%+9.1%+1.6%
Q3 2024-14.2%-15.5%-7.4%
Q2 2024+0.5%+5.9%+6.3%
Q1 2024-8.1%-6.2%-0.3%
Q4 2023+9.0%+5.5%+9.4%
Q3 2023-6.5%-5.7%+7.6%
Q2 2023-2.0%-2.2%-6.1%
Q1 2023-1.8%-4.7%-2.9%
Q4 2022-9.3%-8.0%-20.0%
Q3 2022-10.5%-2.4%+3.4%
Q2 2022+20.7%+21.0%+17.2%
Q1 2022-6.2%-12.1%-4.1%
Q4 2021-1.4%-0.3%-1.1%
Q3 2021-1.5%-10.4%-17.8%
Q2 2021+6.1%+4.2%-0.0%
Q1 2021-10.1%-5.9%-10.7%
Q4 2020-13.5%-10.3%+0.6%
Q3 2020+10.2%+11.9%+62.5%
Q2 2020-1.6%+0.4%+14.3%
Q1 2020-8.2%-8.6%-0.5%
Q4 2019-8.8%-10.3%-27.6%
Q3 2019+4.8%+5.8%+6.3%
Q2 2019+9.1%+8.0%+5.4%
Q1 2019+1.9%-0.6%-3.1%
Q4 2018+6.5%+5.8%+10.6%
Q3 2018+9.1%+20.3%-4.1%
Q2 2018+23.5%+27.1%+27.8%
Q1 2018-19.4%-20.2%-23.0%
Q4 2017-15.9%-10.3%-10.4%
Q3 2017-15.1%-22.6%-23.0%
Q2 2017-13.4%-15.8%-13.1%
Q1 2017-0.7%-0.5%-3.2%
Q4 2016-15.3%-16.2%-19.5%
Q3 2016-14.1%-14.0%-4.4%
Q2 2016-3.7%-5.6%-6.3%
Q1 2016-5.6%
Q4 2015+16.5%
Q3 2015+16.7%
Q2 2015-14.4%
Q1 2015-7.4%
Q4 2014+6.2%
Q3 2014+3.1%
Q2 2014-9.9%
Q1 2014+2.5%
Q4 2013+4.0%
Q3 2013-2.1%
Q2 2013-5.2%
Q1 2013+1.1%
Q4 2012-10.8%
Q3 2012+11.0%
Q2 2012-12.7%
Q1 2012+1.9%
Q4 2011-9.8%
Q3 2011+1.6%
Q2 2011+5.3%
Q1 2010-12.3%
Q1 2011-1.2%
Q4 2010+9.0%
Q4 2008+9.0%
Q3 2010+0.8%
Q3 2009+0.8%
Q4 2009+11.6%
Q2 2010+11.6%
Q2 2009+11.6%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro