NYSE$WKC

World Kinect Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

World Kinect reported an increase in revenue and earnings per share for Q4 2022.

World Kinect Services Corporation reported Q4 2022 results with a 40% increase in revenue to $13.9 billion and a 36% increase in net income to $20.9 million compared to the same period last year. Adjusted diluted earnings per share increased by 93% to $0.54.

  • Revenue increased by 40% year-over-year to $13.9 billion.
  • Gross profit increased by 31% year-over-year to $282.4 million.
  • Net income increased by 36% year-over-year to $20.9 million.
  • Adjusted EBITDA increased by 93% year-over-year to $106.5 million.

Headline financials

Total Revenue

$13.9B

Previous: $9.94B+39.6%
EPS (adj)

$0.54

Previous: $0.28+92.9%
Capital Expenditures

$22.4M

Previous: $10.9M+105.5%
Free Cash Flow

-$113M

Previous: -$61M-85.6%
Net Income

$20.9M

Previous: $15.4M+35.7%
Operating Income

$78.8M

Previous: $32.3M+144.0%
Gross Profit

$282M

Previous: $215M+31.2%
Cash & Equivalents

$298M

Previous: $652M-54.2%
Total Assets

$8.16B

Previous: $5.94B+37.4%
Stock-Based Comp

$3.6M

Previous: $4.2M-14.3%

Revenue & EPS history

World Kinect · Revenue · Quarterly

$13.9B

Q4 2022+39.6%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

World Kinect · $13.9B total across 3 segments · Q4 2022

  • Aviation Segment
    $6.68B+53.9%
  • Land Segment
    $4.46B+43.3%
  • Marine Segment
    $2.74B+10.0%

Forward guidance

The company's press release includes forward-looking statements regarding their ability to leverage global expertise and deliver long-term value, return capital to shareholders, and invest in growth opportunities. However, these statements are qualified by cautionary statements and risk factor disclosures in the company's SEC filings.

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 2022

Historical avgQ4 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

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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