World Kinect reports Q1 adjusted EPS 48c, consensus 45c

Reports Q1 revenue $9.45B, consensus $10.47B. “Our Aviation business outperformed our expectations this quarter, while our Land business faced headwinds due to challenging market conditionsThe divestiture of our U.K. Land business marks continued progress in streamlining our Land portfolio and reinforces our commitment to achieving our broader financial goals,” said Michael Kasbar, Chairman and Chief Executive Officer. “We continued to streamline our land business and right size our cost structure this quarter, while delivering strong operating and free cash flow. We remain well positioned with a strong balance sheet to navigate market dynamics while continuing to invest in our core capabilities,” said Ira Birns, Executive Vice President and Chief Financial Officer.