NYSE$WKC
World Kinect Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
World Fuel Services Corporation reported a net loss and a decrease in gross profit due to the impact of the COVID-19 pandemic on all operating segments.
World Fuel Services Corporation reported a GAAP net loss of $10.2 million, or $0.16 per diluted share, and an adjusted net income of $8.1 million, or $0.13 per diluted share. The company's total gross profit was $213.9 million, a 20% decrease year-over-year. The results were impacted by the global shutdown due to the COVID-19 pandemic, which negatively affected volumes across all operating segments.
- Total gross profit decreased by 20% year-over-year to $213.9 million.
- GAAP net loss was $10.2 million, or $0.16 per diluted share.
- Adjusted net income was $8.1 million, or $0.13 per diluted share.
- Generated cash flows from operations of $236 million during the quarter.
Headline financials
Revenue & EPS history
World Kinect · Revenue · Quarterly
$3.16B
Revenue by segment
World Kinect · $3.16B total across 3 segments · Q2 2020
- Land Segment$1.2B-55.0%37.9%
- Aviation Segment$1.02B-78.7%32.3%
- Marine Segment$940M-53.3%29.8%
Forward guidance
The company expects the negative impacts of the COVID-19 pandemic to continue through the third quarter of 2020 as the recent increases in COVID-19 cases have further delayed the reopening of various economies around the world. They will continue to seek additional opportunities to further enhance our operating efficiencies and reduce costs throughout the current crisis and eventual recovery.
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 Q2 2020
-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
| Quarter | Report date | Reaction (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% | — | — |
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