NYSE$WKC
World Kinect Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported solid results in Q3 2024, driven by strong seasonal performance in the aviation business.
World Kinect Corporation reported a revenue of $10.5 billion, a decrease of 14%. Net income was $33.5 million, a decrease of 4%. Adjusted EBITDA was $100.1 million, a decrease of 1%. The company repurchased $28 million of shares during the quarter.
- Revenue decreased by 14% to $10.5 billion.
- Gross profit decreased by 5% to $268.1 million.
- Net income decreased by 4% to $33.5 million.
- Adjusted EBITDA decreased by 1% to $100.1 million.
Headline financials
Revenue & EPS history
World Kinect · Revenue · Quarterly
$10.5B
Revenue by segment
World Kinect · $12.5B total across 3 segments · Q1 2023
- Aviation Segment$6.22B+24.2%49.9%
- Land Segment$3.89B-12.7%31.2%
- Marine Segment$2.37B-20.8%19.0%
Forward guidance
The company remains dedicated to driving growth in core business activities, worldwide, while continuing to refine the land portfolio, which should further enhance operating efficiencies and improve returns. The company also remains committed to executing on its medium-term financial targets to drive sustainable and profitable growth.
Tailwinds
- Driving growth in core business activities worldwide.
- Refining the land portfolio.
- Enhancing operating efficiencies.
- Improving returns.
- Executing on medium-term financial targets.
Headwinds
- Customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts.
- Changes in the market prices of energy or commodities or extremely high or low fuel prices that continue for an extended period of time.
- Adverse conditions in the industries in which our customers operate.
- Our inability to effectively mitigate certain financial risks and other risks associated with derivatives and our physical fuel products.
- Our ability to achieve the expected level of benefit from our restructuring activities and cost reduction initiatives.
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 2024
-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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