World Kinect Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:15 pm EDT
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World Kinect Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 12,245.3 million compared to USD 15,661.3 million a year ago. Net income was USD 34.9 million compared to USD 42.5 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.68 a year ago.
For the nine months, sales was USD 35,707.6 million compared to USD 45,165.4 million a year ago. Net income was USD 87.7 million compared to USD 93.2 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 1.49 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 1.48 a year ago.
World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.
WORLD KINECT CORPORATION 
