NYSE$WKC
World Kinect Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
World Kinect reported third quarter results with net income of $82.0 million and adjusted net income of $20.7 million.
World Kinect Services Corporation reported a GAAP net income of $82.0 million, or $1.29 per diluted share, which included an after-tax gain on the sale of Multi Service of $63.9 million, or $1.00 per diluted share. Adjusted net income was $20.7 million, or $0.33 per diluted share. The company's performance was influenced by the ongoing COVID-19 pandemic and related economic impacts, with some moderate improvement in demand during the third quarter.
- Total gross profit was $214.0 million, down 30% year-over-year.
- GAAP net income was $82.0 million, or $1.29 per diluted share.
- After-tax gain on sale of Multi Service was $63.9 million, or $1.00 per diluted share.
- Adjusted net income was $20.7 million, or $0.33 per diluted share.
Headline financials
Revenue & EPS history
World Kinect · Revenue · Quarterly
$4.48B
Revenue by segment
World Kinect · $4.48B total across 3 segments · Q3 2020
- Land Segment$1.65B-35.6%36.7%
- Aviation Segment$1.6B-66.3%35.6%
- Marine Segment$1.24B-38.7%27.7%
Forward guidance
The COVID-19 pandemic is expected to continue negatively impacting the company's business through the balance of the year and into 2021. The company will continue to focus on reducing costs and restructuring operations to improve operating efficiencies.
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 Q3 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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