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World Kinect (WKC)
NYSE:WKC
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.47Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -9.66%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While there was strong cash flow and strategic divestitures that streamlined operations, the company faced challenges with declining gross profit and underperformance in the marine and land segments. The sentiment was balanced with efforts to improve operational efficiency and shareholder returns.Company Guidance
During the World Kinect Fourth Quarter 2024 Earnings Conference Call, significant guidance and metrics were provided indicating the company's strategic direction and financial performance. The company reported strong cash flow generation in Q4 and the full year, in line with their cash flow target from the previous Investor Day, which facilitated a $100 million share repurchase, nearly double that of 2023. The aviation segment showed impressive results with a 4% increase in Q4 volumes year-over-year, despite a 1% decline for the full year. Marine volumes decreased by 4% in Q4, contributing to a 9% annual gross profit decline, while the land segment maintained flat gross profit year-over-year in Q4 but saw its strongest quarterly operating margin for the year. The company divested its underperforming Brazilian operations and exited certain North American land activities, incurring a $111 million one-time noncash pretax charge. Adjusted operating expenses were down 5% in Q4, with expectations for further declines in 2025. Interest expense decreased by 33% year-over-year in Q4, and the adjusted effective tax rate for 2024 was just under 15%. The company remains committed to enhancing shareholder returns, returning $139 million to shareholders through buybacks and dividends in 2024, and aims for continued operational efficiency improvements in 2025.Strong Cash Flow and Share Repurchase
World Kinect generated $260 million of operating cash flow and $192 million of free cash flow for the full year, enabling them to repurchase $100 million of shares, nearly double the amount repurchased in 2023.
Aviation Business Performance
The aviation business delivered impressive results in the fourth quarter, with a 4% year-over-year increase in volume driven by core aviation business activities.
Operating Expense Reduction
Adjusted consolidated operating expenses were down 6% year-over-year, with a further decline expected in 2025.
Strategic Divestitures
Divestiture of underperforming business in Brazil and certain North American land business activities to streamline operations and improve financial returns.
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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 |
|---|---|---|---|
| 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% |
| Apr 25, 2024 | $24.09 | $22.45 | -6.81% |
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 Apr 24, 2025, TBA Not Confirmed.
What is World Kinect (WKC) earnings time?
World Kinect (WKC) earnings time is at Apr 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 (Q1) is 0.45.
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