World Kinect reports Q2 adjusted EPS 48c, consensus 56c

Reports Q2 revenue $10.97B, consensus $11.98B. “While our Land business faced unusually unfavorable market conditions this quarter, our Aviation business performed very well and is poised with strong momentum heading into the second half of the year,” said Michael Kasbar, Chairman and Chief Executive Officer. “We made progress in sharpening our portfolio through the sale of Avinode and remain focused on streamlining our Land portfolio for increased ratability and improved operating leverage.”