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World Kinect (WKC) just unveiled an update.
World Kinect Corporation is set to share its growth strategy and financial goals at its 2024 Investor Day, aiming to leverage its strong market position through its three business segments. The company targets a 30% adjusted operating margin by 2026, anticipates adjusted EBITDA to reach $480–520 million annually, and projects generating $900 million to $1.2 billion in free cash flow over five years, with plans to return about 40% to shareholders via buybacks and dividends. These targets are based on non-GAAP metrics, focusing on core operating results rather than short-term fluctuations due to various exceptional expenses.
For detailed information about WKC stock, go to TipRanks’ Stock Analysis page.
