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World Kinect Corporation (WKC)
:WKC
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.54Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -9.86%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted positive developments in the Aviation and Marine segments, including growth in operating margins and successful strategic acquisitions. However, challenges persist in the Land segment, with declines in gross profit and market difficulties in Brazil. The company is focused on refining and optimizing its business portfolio to improve financial performance, with an emphasis on North American opportunities.Company Guidance
During the World Kinect Corporation's third quarter 2024 earnings call, the management provided several key metrics and insights into the company's performance and future guidance. The overall business performed in line with prior guidance, highlighting improvements in the land segment despite persistent market headwinds. The aviation segment achieved double-digit growth in operating margin, aided by a strategic sale and a tuck-in acquisition, while marine gross profit increased by 8% year-over-year, improving operating margin by 450 basis points. The land segment showed a 26% sequential increase in gross profit, although it faced a 16% year-over-year decline due to ongoing challenges in North America and Brazil. The company anticipates consolidated gross profit for the fourth quarter to be between $253 million and $260 million, with adjusted operating expenses expected to range from $194 million to $198 million. The management reiterated their focus on refining the portfolio, improving operational efficiencies, and pursuing strategic acquisitions to drive sustainable growth and achieve medium-term financial targets.Aviation Segment Growth
Aviation achieved double-digit growth in operating margin and a 3% increase in gross profit year-over-year, driven by strong summer demand in the passenger and air cargo sectors.
Marine Segment Performance
Marine generated an 8% year-over-year increase in gross profit with a 450 basis point improvement in operating margin, showcasing the scalability and efficiency of the platform.
Successful Acquisition and Integration
The strategic acquisition of a bulk aviation fuel distribution business is expected to be integrated by year-end, expanding the distribution network and customer base.
Share Repurchase Program
Repurchased $28 million of shares during the quarter, increasing total year-to-date repurchases to $57 million, demonstrating commitment to returning capital to shareholders.
Interest Expense Reduction
Interest expense was down 16% year-over-year, with expectations for a further decline in the fourth quarter, benefiting from recent interest rate reductions.
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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 |
|---|---|---|---|
| Oct 24, 2024 | $31.14 | $26.23 | -15.77% |
| Jul 25, 2024 | $26.63 | $26.53 | -0.38% |
| Apr 25, 2024 | $24.24 | $22.59 | -6.81% |
| Feb 22, 2024 | $23.26 | $25.33 | +8.90% |
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 Corporation (WKC) report earnings?
World Kinect Corporation (WKC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is World Kinect Corporation (WKC) earnings time?
World Kinect Corporation (WKC) earnings time is at Feb 20, 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 2024 (Q4) is 0.55.
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