Oct 29, 4:20 PM ET
World Kinect reported third quarter 2026 results on October 29, 2026, with revenue of $13.27 billion, up 41% from a year earlier, and GAAP diluted EPS of $0.70 versus $0.46. The company raised its full-year 2026 Adjusted EPS guidance to $3.52 to $3.62 per share from $3.20 to $3.40, which signals higher expected per-share earnings for shareholders.
- Q3 2026 revenue was $13.27 billion, up 41% year over year, while volume fell 6% to 4.04 million units.
- Q3 GAAP net income was $38 million, or $0.70 per diluted share, versus $0.46 a year earlier; Adjusted EPS was $0.99 versus $0.54.
- Full-year 2026 Adjusted EPS guidance rose to $3.52 to $3.62 per share, from $3.20 to $3.40.
- Q3 free cash flow was $164 million, and operating cash flow was $175 million.
Read the filing on SEC.gov ↗
Sep 17, 8:09 AM ET
World Kinect said Michael J. Kasbar will step down as Executive Chairman effective December 31, 2026, and will remain a member of the Board. Director Ken Bakshi, who has served on the Board since 2002, was appointed independent Chair effective the same date. The company says the Board believes an independent chair strengthens its oversight, and the filing states the departure was not due to any disagreement with the company.
- Kasbar steps down as Executive Chairman effective December 31, 2026, and continues as a Board member.
- Ken Bakshi, on the Board since 2002, is appointed independent Chair effective December 31, 2026.
- Kasbar's employment agreement expired December 31, 2025; severance payments and benefits became payable but were not paid while he remained employed, subject to restrictive covenants for two years after he leaves the Executive Chairman role
- The filing states the step-down was not the result of any disagreement with the company on operations, practices or policies.
Read the filing on SEC.gov ↗
Jul 23, 4:29 PM ET
World Kinect reported second quarter 2026 revenue of $13.6 billion, up 50% from $9.0 billion a year earlier, and GAAP net income attributable to the company of $48 million, or $0.94 per diluted share, compared with a loss of $6.06 per share in the prior-year quarter. The company raised its full-year 2026 adjusted EPS guidance to $3.20 to $3.40 per share from $2.65 to $2.85, and increased its regular quarterly dividend by 15%, which the company linked to favorable market volatility and its streamlined portfolio.
- Q2 2026 revenue was $13.6 billion, up 50% from $9.0 billion; gross profit was $365 million, up 57%
- GAAP diluted EPS was $0.94 versus a loss of $6.06 in Q2 2025; adjusted EPS was $1.29 versus $0.59
- Full-year 2026 adjusted EPS guidance raised to $3.20-$3.40, an increase of about 20% from the prior midpoint
- Regular quarterly dividend increased 15%; the company repurchased $14 million of common stock in the quarter
Read the filing on SEC.gov ↗
Apr 23, 4:21 PM ET
World Kinect reported first quarter 2026 revenue of $9.69 billion, up 2% from a year earlier, and GAAP net income of $26 million, or $0.50 per diluted share, compared with a loss of $0.37 per share in the first quarter of 2025. The company raised its full-year 2026 adjusted diluted EPS guidance to $2.65 to $2.85 per share from $2.20 to $2.40, and said Marine gross profit growth offset a 16% decline in Land gross profit. The company also said it is realigning its brand to World Fuel effective immediately, while keeping World Kinect as its legal name and ticker WKC.
- Revenue was $9.69 billion, up 2% from $9.45 billion; GAAP diluted EPS was $0.50 versus a loss of $0.37 a year earlier.
- Adjusted diluted EPS was $0.75, up 56% from $0.48 in the first quarter of 2025.
- 2026 adjusted diluted EPS guidance was raised to $2.65 to $2.85 from $2.20 to $2.40.
- Marine gross profit rose 86% to $66 million, while Land gross profit fell 16% to $67 million, principally due to the U.K. Land sale.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
