NYSE$WKC
World Kinect Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported solid results across all businesses, with record quarterly gross profit, adjusted EBITDA, and the highest level of quarterly earnings per share in more than two years.
World Fuel Services Corporation reported a strong third quarter in 2022, marked by a 63% year-over-year increase in total gross profit, reaching $322.3 million. The company's GAAP net income was $42.5 million, or $0.68 per diluted share, while adjusted net income stood at $41.8 million, or $0.67 per diluted share. Adjusted EBITDA reached $122.5 million, reflecting solid performance across all business segments amidst global macroeconomic uncertainty.
- Total gross profit increased by 63% year-over-year to $322.3 million.
- GAAP net income was reported at $42.5 million, or $0.68 per diluted share.
- Adjusted net income reached $41.8 million, or $0.67 per diluted share.
- Adjusted EBITDA was $122.5 million.
Headline financials
Revenue & EPS history
World Kinect · Revenue · Quarterly
$15.7B
Revenue by segment
World Kinect · $15.7B total across 3 segments · Q3 2022
- Aviation Segment$7.26B—46.4%
- Land Segment$5.01B—32.0%
- Marine Segment$3.39B—21.6%
Forward guidance
The release includes forward-looking statements regarding the company's beliefs and expectations about leveraging expertise and distribution capabilities to satisfy customers' energy requirements and support their achievement of carbon reduction goals, as well as the strength of the balance sheet and liquidity profile while enhancing returns to shareholders.
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 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
| 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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