NYSE$WKC

World Kinect Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported an increase in gross profit and net income for the fourth quarter of 2019.

World Fuel Services Corporation reported a 9% year-over-year increase in total gross profit to $286.6 million and GAAP net income of $56.5 million, or $0.86 per diluted share for the fourth quarter of 2019.

  • Total gross profit increased by 9% year-over-year to $286.6 million.
  • GAAP net income was $56.5 million, or $0.86 per diluted share.
  • Adjusted net income was $57.2 million, or $0.87 per diluted share.
  • Adjusted EBITDA increased by 9% year-over-year to $98.5 million.

Headline financials

Total Revenue

$9.36B

Previous: $9.99B-6.3%
EPS (adj)

$0.87

Previous: $0.50+74.0%
Capital Expenditures

$21.4M

Previous: $27.6M-22.5%
Free Cash Flow

$38.7M

Previous: $106M-63.5%
Net Income

$56.5M

Previous: $29.6M+90.9%
Operating Income

$60.5M

Previous: $63.2M-4.3%
Gross Profit

$287M

Previous: $262M+9.3%
Cash & Equivalents

$186M

Previous: $212M-12.1%
Total Assets

$5.99B

Previous: $5.68B+5.6%
Stock-Based Comp

$11.2M

Previous: $300K+3633.3%

Revenue & EPS history

World Kinect · Revenue · Quarterly

$9.36B

Q4 2019-6.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

World Kinect · $9.36B total across 3 segments · Q4 2019

  • Aviation Segment
    $4.7B
  • Land Segment
    $2.57B
  • Marine Segment
    $2.09B

Forward guidance

The company expects to continue driving growth opportunities, increasing the value of its global platform, and improving operating leverage across the enterprise. They also anticipate that their enhanced liquidity position will allow them to accelerate investment in organic growth and strategic investment opportunities, while maintaining a strong balance sheet.

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 Q4 2019

Historical avgQ4 2019

-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%

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