Third Quarter 2023
Highlights
- Gross profit decreased 13% to $281 million
- Net income decreased 18% to $35 million
- GAAP diluted earnings and Adjusted diluted earnings per share
of $0.58
- Adjusted EBITDA decreased 18% to $101 million
World Kinect Corporation (NYSE: WKC) today reported financial
results for the third quarter of 2023.
Results compared to the same period last year are as follows
(unaudited - in millions, except percentages and per share
data):
Three Months Ended September
30,
Nine Months Ended September
30,
2023
2022
Change
2023
2022
Change
Volume (1)
4,536
4,629
(2
)%
13,473
13,757
(2
)%
Revenue
$
12,245
$
15,661
(22
)%
$
35,708
$
45,165
(21
)%
Gross profit
$
281
$
322
(13
)%
$
826
$
807
2
%
Income from operations
$
73
$
100
(27
)%
$
213
$
194
10
%
Income from operations as a percentage of
gross profit
26
%
31
%
26
%
24
%
Adjusted income from operations
$
73
$
99
(26
)%
$
214
$
196
10
%
Adjusted income from operations as a
percentage of gross profit
26
%
31
%
26
%
24
%
Net income (loss) including noncontrolling
interest
$
35
$
44
(19
)%
$
89
$
95
(7
)%
Adjusted EBITDA
$
101
$
123
(18
)%
$
287
$
274
5
%
Diluted earnings (loss) per common
share
$
0.58
$
0.68
(15
)%
$
1.41
$
1.48
(5
)%
Adjusted diluted earnings (loss) per
common share
$
0.58
$
0.67
(13
)%
$
1.41
$
1.50
(6
)%
(1)
Includes gallons and gallon equivalents
converted as described in the table below.
“As our team continues to deliver for our global customer base,
evidenced by our solid results within the quarter, we remain
focused on our strategy to accelerate growth by maximizing
efficiencies in our conventional business, expanding our suite of
energy-management solutions and increasing the availability of
renewable and low-carbon fuels,” said Michael J. Kasbar, Chairman
and Chief Executive Officer. “We remain focused on enhancing our
performance and driving greater value for our shareholders, and are
optimistic about the opportunities which lie ahead.”
“Despite marine’s decline from last year’s near record
performance, we delivered solid results this quarter, benefiting,
in part, from our emerging sustainability-related business
activities which continue to grow,” said Ira M. Birns, Executive
Vice President and Chief Financial Officer. “Despite higher fuel
prices during the quarter, we also generated $80 million of
operating cash flow, further strengthening our balance sheet.”
Third Quarter 2023 Segment
Profitability
- Aviation – Gross profit of $126 million, a decrease of 3%
year-over-year. The decrease during the three months ended
September 30, 2023 was primarily attributable to lower physical
inventory-related profitability as well as a rationalization of
lower-return business activity. These decreases were partially
offset by higher margins driven by our focus on improving returns
in a higher interest rate environment.
- Land – Gross profit of $121 million, an increase of 3%
year-over-year. The increase was primarily driven by continued
growth in our sustainability-related offerings. This increase was
partially offset by a decline in our core fuel business activity in
North America, when compared to the third quarter of 2022.
- Marine – Gross profit of $35 million, a decrease of 54%
year-over-year, principally due to the significant benefit from
record bunker fuel prices and significant market volatility in the
third quarter of 2022.
Year-to-Date 2023 Compared to
2022
Highlights
- Gross profit of $825.8 million, an increase of 2%
year-over-year.
- Net income of $87.7 million, a decrease of 6%
year-over-year.
- Adjusted EBITDA of $286.7 million, an increase of 5%
year-over-year.
Segment Profitability
- Aviation – Gross profit of $354.4 million, an increase of 44%
year-over-year.
- Land – Gross profit of $342.8 million, a decrease of 5%
year-over-year.
- Marine – Gross profit of $128.6 million, a decrease of 36%
year-over-year.
Earnings Conference Call
An investor conference call will be held today, October 26,
2023, at 5:00 PM Eastern Time to discuss third quarter results.
Participants can access the live webcast or participate by phone by
visiting the company’s website at https://ir.worldkinect.com. To
join the conference call by phone, participants must pre-register
and will then receive dial-in information and a PIN enabling access
to the call. A replay of the webcast will be available and can be
accessed in the same manner as the live webcast on the Company’s
website through November 8, 2023.
About World Kinect
Corporation
Headquartered in Miami, Florida, World Kinect Corporation (NYSE:
WKC) is a leading global energy management company, offering a
broad suite of solutions across the energy product spectrum. In
addition to our core energy and fuel offerings to customers in the
transportation sector, we provide advisory services, sustainability
and renewable energy solutions, as well as supply fulfillment for
natural gas and power. We continue to focus on advancing the energy
transition to lower carbon alternatives through expanding our
portfolio of energy solutions and providing customers with greater
access to sustainably sourced energy.
For more information, visit https://corp.worldkinect.com.
Definitions and Non-GAAP Financial
Measures
This press release makes reference to "Net income." Net income
means Net income attributable to World Kinect as presented in the
Statements of Income and Comprehensive Income.
This press release contains non-GAAP financial measures
(collectively, the "Non-GAAP Measures"), including the
following:
- adjusted income from operations;
- adjusted income from operations as a percentage of gross
profit;
- adjusted earnings before interest, taxes, depreciation and
amortization ("EBITDA");
- adjusted net income attributable to World Kinect; and
- adjusted diluted earnings per common share.
The Non-GAAP Measures exclude acquisition and divestiture
related expenses, restructuring charges, impairments, gains or
losses on the extinguishment of debt, gains or losses on sale of
businesses, integration costs associated with our acquisitions, and
non-operating legal settlements primarily because we do not believe
they are reflective of our core operating results.
We believe that the Non-GAAP Measures, when considered in
conjunction with our financial information prepared in accordance
with GAAP, are useful to investors to further aid in evaluating the
ongoing financial performance of the Company and to provide greater
transparency as supplemental information to our GAAP results.
Non-GAAP financial measures should not be considered in
isolation from, or as a substitute for, financial information
prepared in accordance with GAAP. In addition, our presentation of
the Non-GAAP Measures may not be comparable to the presentation of
such metrics by other companies.
Adjusted net income attributable to World Kinect is defined as
net income (loss) attributable to World Kinect excluding the impact
of acquisition and divestiture related expenses, restructuring
charges, impairments, gains or losses on the extinguishment of
debt, gains or losses on sale of businesses, integration costs, and
non-operating legal settlements.
Adjusted diluted earnings per common share is computed by
dividing adjusted net income attributable to World Kinect and
available to common shareholders by the sum of the weighted average
number of shares of common stock, stock units, restricted stock
entitled to dividends not subject to forfeiture and vested
restricted stock units outstanding during the period and the number
of additional shares of common stock that would have been
outstanding if our outstanding potentially dilutive securities had
been issued.
Adjusted EBITDA is defined as net income (loss) excluding the
impact of interest, income taxes, and depreciation and
amortization, in addition to acquisition and divestiture related
expenses, restructuring charges, impairments, gains or losses on
sale of businesses, integration costs, and non-operating legal
settlements.
Adjusted income from operations is defined as Income from
operations excluding the impact of acquisition and divestiture
related expenses, restructuring charges, impairments, and
integration costs. Adjusted income from operations as a percentage
of gross profit is computed by dividing adjusted income from
operations by gross profit.
Investors are encouraged to review the reconciliation of these
Non-GAAP Measures to their most directly comparable GAAP financial
measures in this press release and on our website.
Information Relating to Forward-Looking
Statements
This release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
"believe," "anticipate," "expect," "estimate," "project," "could,"
"would," "will," "will be," "will continue," "plan," or words or
phrases of similar meaning. Specifically, this release includes
forward-looking statements regarding expectations for our future
plans and performance, and the expansion of certain of our products
and services, including those relating to sustainability. Our
forward-looking statements are qualified in their entirety by
cautionary statements and risk factor disclosures contained in the
Company’s Securities and Exchange Commission ("SEC") filings,
including the Company’s most recent Annual Report on Form 10-K
filed with the SEC. Actual results may differ materially from any
forward-looking statements due to risks and uncertainties,
including, but not limited to: customer and counterparty
creditworthiness and our ability to collect accounts receivable and
settle derivative contracts; sudden changes in the market price of
fuel or extremely high or low fuel prices that continue for an
extended period of time; adverse conditions in the industries in
which our customers operate; our inability to effectively mitigate
certain financial risks and other risks associated with derivatives
and our physical fuel products; relationships with our employees
and potential labor disputes associated with employees covered by
collective bargaining agreements; our failure to comply with
restrictions and covenants governing our outstanding indebtedness;
the impact of cyber and other information security related
incidents; changes in the political, economic or regulatory
environment generally and in the markets in which we operate, such
as the current conflicts in Eastern Europe and the Middle East;
greenhouse gas reduction programs and other environmental and
climate change legislation adopted by governments around the world,
including cap and trade regimes, carbon taxes, increased efficiency
standards and mandates for renewable energy, each of which could
increase our operating and compliance costs as well as adversely
impact our sales of fuel products; changes in credit terms extended
to us from our suppliers; non-performance of suppliers on their
sale commitments and customers on their purchase commitments;
non-performance of third-party service providers; our ability to
effectively integrate and derive benefits from acquired businesses;
our ability to meet financial forecasts associated with our
operating plan; lower than expected cash flows and revenues, which
could impair our ability to realize the value of recorded
intangible assets and goodwill; the availability of cash and
sufficient liquidity to fund our working capital and strategic
investment needs; currency exchange fluctuations; inflationary
pressures and their impact on our customers or the global economy,
including sudden or significant increases in interest rates or a
global recession; our ability to effectively leverage technology
and operating systems and realize the anticipated benefits; failure
to meet fuel and other product specifications agreed with our
customers; environmental and other risks associated with the
storage, transportation and delivery of petroleum products;
reputational harm from adverse publicity arising out of spills,
environmental contamination or public perception about the impacts
on climate change by us or other companies in our industry; risks
associated with operating in high-risk locations, including supply
disruptions, border closures and other logistical difficulties that
arise when working in these areas; uninsured or underinsured
losses; seasonal variability that adversely affects our revenues
and operating results, as well as the impact of natural disasters,
such as earthquakes, hurricanes and wildfires; declines in the
value and liquidity of cash equivalents and investments; our
ability to retain and attract senior management and other key
employees; changes in U.S. or foreign tax laws, interpretations of
such laws, changes in the mix of taxable income among different tax
jurisdictions, or adverse results of tax audits, assessments, or
disputes; our failure to generate sufficient future taxable income
in jurisdictions with material deferred tax assets and net
operating loss carryforwards; the impact of the U.K.'s exit from
the European Union, known as Brexit, on our business, operations
and financial condition; our ability to comply with U.S. and
international laws and regulations, including those related to
anti-corruption, economic sanction programs and environmental
matters; the outcome of litigation and other proceedings, including
the costs associated with defending any actions; and other risks
detailed from time to time in our SEC filings. New risks emerge
from time to time and it is not possible for management to predict
all such risk factors or to assess the impact of such risks on our
business. Accordingly, we undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, changes in expectations, future events,
or otherwise, except as required by law.
-- Some amounts in this press release may not
add due to rounding. All percentages have been calculated using
unrounded amounts --
WORLD KINECT
CORPORATION
CONDENSED CONSOLIDATED BALANCE
SHEETS
(Unaudited - In millions, except
per share data)
September 30, 2023
December 31, 2022
Assets:
Current assets:
Cash and cash equivalents
$
335.6
$
298.4
Accounts receivable, net of allowance for
credit losses of $17.0 million and $14.1 million as of September
30, 2023 and 2022, respectively
2,882.2
3,294.1
Inventories
654.2
779.9
Prepaid expenses
92.5
83.6
Short-term derivative assets, net
218.2
302.1
Other current assets
408.6
479.9
Total current assets
4,591.3
5,238.1
Property and equipment, net
509.8
484.2
Goodwill
1,231.7
1,233.0
Identifiable intangible assets, net
308.7
336.2
Other non-current assets
841.5
873.2
Total assets
$
7,483.1
$
8,164.6
Liabilities:
Current liabilities:
Current maturities of long-term debt
$
63.0
$
15.8
Accounts payable
3,293.3
3,529.5
Short-term derivative liabilities, net
150.5
325.2
Accrued expenses and other current
liabilities
607.5
738.2
Total current liabilities
4,114.2
4,608.6
Long-term debt
812.3
829.9
Other long-term liabilities
581.5
735.3
Total liabilities
5,508.0
6,173.8
Commitments and contingencies
Equity:
World Kinect shareholders' equity:
Preferred stock, $1.00 par value; 0.1
shares authorized, none issued
—
—
Common stock, $0.01 par value; 100.0
shares authorized, 60.2 and 62.0 issued and outstanding as of
September 30, 2023 and December 31, 2022, respectively
0.6
0.6
Capital in excess of par value
113.4
182.4
Retained earnings
2,024.8
1,962.5
Accumulated other comprehensive income
(loss)
(170.4
)
(160.6
)
Total World Kinect shareholders'
equity
1,968.3
1,984.9
Noncontrolling interest
6.7
5.9
Total equity
1,975.1
1,990.7
Total liabilities and equity
$
7,483.1
$
8,164.6
WORLD KINECT
CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Unaudited – In millions, except
per share data)
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2023
2022
2023
2022
Revenue
$
12,245.3
$
15,661.3
$
35,707.6
$
45,165.4
Cost of revenue
11,963.9
15,339.0
34,881.8
44,358.7
Gross profit
281.4
322.3
825.8
806.7
Operating expenses:
Compensation and employee benefits
132.0
141.1
376.3
374.3
General and administrative
76.1
81.7
235.9
238.8
Asset impairments
—
—
0.3
—
Restructuring charges
—
(0.8
)
—
(0.8
)
Total operating expenses
208.2
222.0
612.5
612.3
Income from operations
73.3
100.3
213.3
194.4
Non-operating income (expenses), net:
Interest expense and other financing
costs, net
(28.6
)
(34.0
)
(95.4
)
(74.8
)
Other income (expense), net
1.6
(3.5
)
(4.7
)
(1.9
)
Total non-operating income (expense),
net
(26.9
)
(37.5
)
(100.0
)
(76.7
)
Income (loss) before income taxes
46.3
62.8
113.3
117.7
Provision for income taxes
10.8
18.9
24.8
22.7
Net income (loss) including noncontrolling
interest
35.5
43.9
88.5
95.0
Net income (loss) attributable to
noncontrolling interest
0.6
1.4
0.9
1.8
Net income (loss) attributable to World
Kinect
$
34.9
$
42.5
$
87.7
$
93.2
Basic earnings (loss) per common share
$
0.58
$
0.69
$
1.42
$
1.49
Basic weighted average common shares
60.3
62.0
61.7
62.5
Diluted earnings (loss) per common
share
$
0.58
$
0.68
$
1.41
$
1.48
Diluted weighted average common shares
60.4
62.3
62.1
62.8
Comprehensive income:
Net income (loss) including noncontrolling
interest
$
35.5
$
43.9
$
88.5
$
95.0
Other comprehensive income (loss):
Foreign currency translation
adjustments
(18.1
)
(32.4
)
(3.3
)
(77.5
)
Cash flow hedges, net of income tax
expense (benefit) of ($2.2) and $5.5 for the three months ended
September 30, 2023 and 2022, respectively, and net of income tax
expense (benefit) of ($2.3) and $8.3 for the nine months ended
September 30, 2023 and 2022, respectively
(5.4
)
15.1
(6.4
)
22.9
Total other comprehensive income
(loss)
(23.5
)
(17.2
)
(9.8
)
(54.6
)
Comprehensive income (loss) including
noncontrolling interest
12.0
26.7
78.8
40.4
Comprehensive income (loss) attributable
to noncontrolling interest
0.6
1.4
0.9
1.8
Comprehensive income (loss) attributable
to World Kinect
$
11.5
$
25.3
$
77.9
$
38.6
WORLD KINECT
CORPORATION
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(Unaudited - In millions)
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2023
2022
2023
2022
Cash flows from operating activities:
Net income (loss) including noncontrolling
interest
$
35.5
$
43.9
$
88.5
$
95.0
Adjustments to reconcile net income
including noncontrolling interest to net cash provided by operating
activities:
Unrealized (gain) loss on derivatives
(45.6
)
104.3
(191.7
)
88.0
Depreciation and amortization
26.1
26.6
77.8
80.1
Noncash operating lease expense
7.6
9.1
26.6
26.9
Provision for credit losses
2.7
1.4
5.2
6.1
Share-based payment award compensation
costs
6.2
7.3
16.2
14.0
Deferred income tax expense (benefit)
(4.3
)
7.6
(4.4
)
(8.0
)
Unrealized foreign currency (gains)
losses, net
0.6
20.9
(9.5
)
15.7
Other
5.7
18.3
16.2
19.8
Changes in assets and liabilities, net of
acquisitions and divestitures:
Accounts receivable, net
(431.3
)
740.5
389.1
(798.6
)
Inventories
(100.0
)
175.8
128.1
(207.1
)
Prepaid expenses
(6.8
)
(1.3
)
(8.2
)
(27.9
)
Other current assets
(10.5
)
(134.5
)
(38.3
)
(85.9
)
Cash collateral with counterparties
7.4
(158.6
)
188.8
76.7
Other non-current assets
(17.7
)
(26.5
)
(73.7
)
(9.9
)
Change in derivative assets and
liabilities, net
(4.3
)
19.8
(6.1
)
2.7
Accounts payable
609.7
(657.8
)
(216.9
)
845.7
Accrued expenses and other current
liabilities
15.7
83.5
(114.6
)
186.6
Other long-term liabilities
(16.3
)
(21.7
)
(6.5
)
(90.6
)
Net cash provided by (used in)
operating activities
80.4
258.5
266.8
229.3
Cash flows from investing activities:
Acquisition of business, net of cash
acquired
—
(2.3
)
—
(641.7
)
Capital expenditures
(21.4
)
(18.5
)
(67.9
)
(56.2
)
Other investing activities, net
0.1
0.1
(9.5
)
(1.3
)
Net cash provided by (used in)
investing activities
(21.3
)
(20.7
)
(77.4
)
(699.2
)
Cash flows from financing activities:
Borrowings of debt
830.0
2,465.3
4,051.3
6,238.1
Repayments of debt
(831.3
)
(2,793.8
)
(4,362.7
)
(6,038.7
)
Issuance of Convertible Notes
—
—
350.0
—
Dividends paid on common stock
(8.4
)
(7.4
)
(25.7
)
(22.4
)
Repurchases of common stock
—
—
(50.0
)
(48.7
)
Purchase of convertible note hedges
—
—
(70.5
)
—
Sale of warrants
—
—
40.0
—
Payments of deferred consideration for
acquisitions
(0.1
)
—
(62.9
)
(10.0
)
Other financing activities, net
(1.4
)
—
(10.0
)
(3.3
)
Net cash provided by (used in)
financing activities
(11.2
)
(336.0
)
(140.4
)
115.0
Effect of exchange rate changes on cash
and cash equivalents
(6.2
)
(7.3
)
(11.8
)
(17.0
)
Net increase (decrease) in cash and
cash equivalents
41.7
(105.5
)
37.2
(371.9
)
Cash and cash equivalents, as of the
beginning of the period
293.9
385.8
298.4
652.2
Cash and cash equivalents, as of the
end of the period
$
335.6
$
280.3
$
335.6
$
280.3
WORLD KINECT
CORPORATION
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL MEASURES
(Unaudited - In millions, except
per share data)
Reconciliation of GAAP to Non-GAAP
financial measures:
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2023
2022
2023
2022
Net Income
Earnings per Share
Net Income
Earnings per Share
Net Income
Earnings per Share
Net Income
Earnings per Share
Net income and Diluted earnings per
common share
$
34.9
$
0.58
$
42.5
$
0.68
$
87.7
$
1.41
$
93.2
$
1.48
Acquisition and divestiture related
expenses
—
—
—
—
0.5
0.01
0.6
0.01
Loss (gain) on sale of business
—
—
—
—
(0.6
)
(0.01
)
—
—
Asset impairments
—
—
—
—
0.3
0.01
—
—
Integration costs
—
—
—
—
—
—
1.4
0.02
Restructuring charges
—
—
(0.8
)
(0.01
)
—
—
(0.8
)
(0.01
)
Loss on debt extinguishment
—
—
—
—
—
—
0.7
0.01
Income tax impacts
—
—
0.2
—
—
—
(0.5
)
(0.01
)
Adjusted net income and Adjusted
diluted earnings per common share
$
34.9
$
0.58
$
41.8
$
0.67
$
87.8
$
1.41
$
94.5
$
1.50
Reconciliation of GAAP to Non-GAAP
financial measures:
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2023
2022
2023
2022
Net income (loss) including
noncontrolling interest
$
35.5
$
43.9
$
88.5
$
95.0
Interest expense and other financing
costs, net
28.6
34.0
95.4
74.8
Provision (benefit) for income taxes
10.8
18.9
24.8
22.7
Depreciation and amortization
26.1
26.6
77.8
80.1
EBITDA
101.0
123.4
286.5
272.6
Acquisition and divestiture related
expenses
—
—
0.5
0.6
Loss (gain) on sale of business
—
—
(0.6
)
—
Asset impairments
—
—
0.3
—
Integration costs
—
—
—
1.4
Restructuring charges
—
(0.8
)
—
(0.8
)
Adjusted EBITDA
$
101.0
$
122.5
$
286.7
$
273.8
Reconciliation of GAAP to Non-GAAP
financial measures:
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2023
2022
2023
2022
Income from operations
$
73.3
$
100.3
$
213.3
$
194.4
Acquisition and divestiture related
expenses
—
—
0.5
0.6
Asset impairments
—
—
0.3
—
Integration costs
—
—
—
1.4
Restructuring charges
—
(0.8
)
—
(0.8
)
Adjusted Income from Operations
$
73.3
$
99.5
$
214.2
$
195.5
WORLD KINECT
CORPORATION
BUSINESS SEGMENTS
INFORMATION
(Unaudited - In millions)
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
Revenue:
2023
2022
2023
2022
Aviation segment
$
5,983.5
$
7,262.0
$
17,400.8
$
20,116.0
Land segment
3,983.5
5,013.9
11,517.1
14,826.6
Marine segment
2,278.2
3,385.4
6,789.8
10,222.9
Total revenue
$
12,245.3
$
15,661.3
$
35,707.6
$
45,165.4
Gross profit:
Aviation segment
$
125.6
$
129.6
$
354.4
$
246.6
Land segment
121.2
117.9
342.8
360.1
Marine segment
34.6
74.8
128.6
200.0
Total gross profit
$
281.4
$
322.3
$
825.8
$
806.7
Income from operations:
Aviation segment
$
58.6
$
57.9
$
150.7
$
58.5
Land segment
31.8
22.2
82.6
88.5
Marine segment
12.4
48.1
63.0
124.0
Corporate overhead - unallocated
(29.5
)
(27.9
)
(83.0
)
(76.6
)
Total income from operations
$
73.3
$
100.3
$
213.3
$
194.4
SALES VOLUME SUPPLEMENTAL
INFORMATION
(Unaudited - In millions)
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
Volume (Gallons):
2023
2022
2023
2022
Aviation Segment
1,920.4
1,839.6
5,544.1
5,326.2
Land Segment (1)
1,546.0
1,515.1
4,618.3
4,629.4
Marine Segment (2)
1,069.9
1,274.7
3,311.0
3,801.2
Consolidated Total
4,536.2
4,629.4
13,473.3
13,756.8
(1)
Includes gallons and gallon equivalents of
British Thermal Units (BTU) for our natural gas sales and Kilowatt
Hours (kWh) for our power business.
(2)
Converted from metric tons to gallons at a
rate of 264 gallons per metric ton. Marine segment metric tons were
4.1 and 4.8 for the three months ended September 30, 2023 and 2022,
respectively; and 12.5 and 14.4 for the nine months ended September
30, 2023 and 2022, respectively.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231026119713/en/
Ira M. Birns, Executive Vice President & Chief Financial
Officer Elsa Ballard, Vice President of Investor Relations
investor@worldkinect.com
Grafico Azioni World Kinect (NYSE:WKC)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni World Kinect (NYSE:WKC)
Storico
Da Gen 2024 a Gen 2025
