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WKC — World Kinect News Story

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EnergyBalancedMid CapSuper Stock

Brief: World Kinect Q2 Adjusted EPS USD 0.59

Overview

World Kinect Q2 revenue misses analyst expectations, per LSEG data

Adjusted EPS for Q2 beats analyst estimates, per LSEG data

Co repurchased $35 mln of common stock and completed UK land fuels sale

Outlook

Company continues reshaping land business for medium-term performance

World Kinect focuses on optimizing finance and accounting operations

Company committed to building a more focused and efficient operating model

Result Drivers

AVIATION SEGMENT - Gross profit increased by 8% due to higher contributions from operated airport locations in Europe and business aviation activities

LAND SEGMENT - Gross profit decreased by 17% due to the sale of the U.K. land business and exit from certain North American operations

MARINE SEGMENT - Gross profit decreased by 26% due to an unfavorable tax settlement and weaker performance at certain inventory locations

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$9.04 bln$9.32 bln (2 Analysts)
Q2 Adjusted EPSBeat$0.59$0.48 (3 Analysts)
Q2 EPS-$6.06
Q2 Gross Profit$232 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the oil & gas refining and marketing peer group is "buy." Wall Street's median 12-month price target for World Kinect Corp is $32.00, about 13.5% above its July 30 closing price of $27.67 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBw88Nh7fa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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