NYSE$WKC
World Kinect Corp · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
World Kinect Services reported a net loss in the fourth quarter of 2020, impacted by the COVID-19 pandemic.
World Fuel Services Corporation reported fourth-quarter results with a total gross profit of $165.2 million, a GAAP net loss of $3.6 million, and an adjusted net income of $1.1 million. The company highlighted the resilience of its diversified business model amidst challenging market conditions.
- Total gross profit decreased by 42% year-over-year to $165.2 million.
- GAAP net loss was $3.6 million, or $0.06 per diluted share.
- Adjusted net income was $1.1 million, or $0.02 per diluted share.
- Adjusted EBITDA amounted to $44.6 million.
Headline financials
Revenue & EPS history
World Kinect · Revenue · Quarterly
$4.7B
Revenue by segment
World Kinect · $4.7B total across 3 segments · Q4 2020
- Aviation Segment$1.8B-61.7%38.3%
- Land Segment$1.71B-33.3%36.5%
- Marine Segment$1.19B-43.1%25.3%
Forward guidance
World Fuel Services anticipates that the negative impacts of COVID-19 on its business will continue through 2021, with recovery dependent on factors such as government actions, vaccine development and distribution, and the resumption of normal economic conditions.
Tailwinds
- Continued actions to enhance operating efficiencies
- Further cost reduction initiatives
- Supporting customers throughout the crisis
- Potential for organic growth as business activity accelerates
- Strategic investments in areas with greatest opportunities for long-term growth and operating leverage
Headwinds
- Significant impact of COVID-19 on the global economy
- Decline in demand in the aviation, land, and marine transportation industries
- Travel restrictions and stay-at-home orders affecting customers
- Potential for continued negative impacts through 2021
- Dependence on government actions and vaccine distribution for 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 Q4 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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