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World Kinect (WKC)
NYSE:WKC
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.57Last Year’s EPS
0.48Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -1.83%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The call highlighted strong performance in the aviation segment and successful cost reduction initiatives, but also noted significant challenges in the land and marine segments. Divestitures were positioned as strategic for long-term focus and profitability, despite associated losses. Cash flow generation was robust, bolstering financial resilience.Company Guidance
During the first quarter of 2025, World Kinect Corporation provided detailed guidance on their financial performance and strategic initiatives. The company reported a consolidated volume of 4.2 billion gallons, a 5% decrease year-over-year, with a corresponding 9% decline in gross profit to $230 million. The aviation segment showed resilience, with a 2% increase in volume to 1.7 billion gallons and a 7% rise in gross profit to $116 million, despite divestitures. The land segment faced a 6% volume decline and a 19% drop in gross profit to $79 million, influenced by broader economic conditions and strategic divestments, including the sale of the UK land business. The marine segment experienced a 14% decrease in volume and a 26% drop in gross profit, affected by lower bunker fuel prices. The company anticipates second-quarter gross profit between $235 million and $244 million and aims to improve operating margins toward a 30% target through cost reductions and streamlining efforts. Non-GAAP adjustments totaled $60 million, primarily due to restructuring and divestiture activities, with a $110 million non-cash pretax charge related to the UK sale. Despite challenges, World Kinect remains optimistic about leveraging its diversified portfolio and geographic reach to achieve strategic growth goals.Aviation Segment Performance
The aviation segment showed strong year-over-year results with a 2% increase in volume and a 7% increase in gross profit, driven by increased profit contribution from airport operations and general aviation.
Successful Divestitures
World Kinect Corporation completed the divestments of its underperforming Brazilian and UK land businesses, which is expected to enhance focus on North American operations and improve profitability.
Cost Reduction Initiatives
The company implemented restructuring activities resulting in a $15 million charge aimed at reducing headcount, expected to result in $30 million of annualized cost savings.
Strong Cash Flow Generation
The company generated $114 million in operating cash flow and $99 million in free cash flow during the first quarter, demonstrating strong cash flow performance.
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WKC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WKC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $24.59 | $24.14 | -1.83% |
| Feb 20, 2025 | $27.44 | $30.55 | +11.33% |
| Oct 24, 2024 | $30.96 | $26.08 | -15.76% |
| Jul 25, 2024 | $26.47 | $26.37 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does World Kinect (WKC) report earnings?
World Kinect (WKC) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is World Kinect (WKC) earnings time?
World Kinect (WKC) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WKC EPS forecast?
WKC EPS forecast for the fiscal quarter 2025 (Q2) is 0.57.
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