World Fuel Services Corporation engages in the distribution of fuel and related products & services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products & services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental organizations and military customers. This segment also offers fuel management, price risk management, ground handling, dispatch services and international trip planning services, such as flight plans, weather reports and overflight permits. Its Land segment offers fuel, heating oil, propane, natural gas, lubricants and related products and services to petroleum distributors & retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also offers management services for procuring fuel and price risk management; advisory and fulfillment solutions related to power, natural gas and other energy products; consulting, renewable fuel products, carbon management and renewable energy solutions and card payment solutions; and government payment systems for fuel procurement, merchant processing services, toll payment solutions and commercial payment programs. Its Marine segment markets fuel, lubricants and related products & services to international container & tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners & operators, the U.S., foreign governments and other fuel suppliers. Its marine fuel-related services include management services to procure fuel, cost control, quality control, and claims management services. This segment also engages in the fueling of vessels, transportation & delivery of fuel and fuel-related products. The company was incorporated in 1984 and is headquartered in Miami, Florida.
IPO Year:
Exchange: NYSE
Website: wfscorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/18/2022 | $35.00 | Hold → Buy | Stifel |
| 1/20/2022 | $32.00 | Underperform → Buy | BofA Securities |
| 1/20/2022 | Underperform → Buy | B of A Securities | |
| 10/1/2021 | $40.00 → $33.00 | Buy → Underperform | BofA Securities |
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Stifel upgraded World Fuel Services from Hold to Buy and set a new price target of $35.00
BofA Securities upgraded World Fuel Services from Underperform to Buy and set a new price target of $32.00
B of A Securities upgraded World Fuel Services from Underperform to Buy
BofA Securities downgraded World Fuel Services from Buy to Underperform and set a new price target of $33.00 from $40.00 previously
Stifel Nicolaus resumed coverage of World Fuel Services with a rating of Hold and set a new price target of $32.00
Stifel downgraded World Fuel Services from Buy to Hold and set a new price target of $32.00
World Kinect Corporation (NYSE:WKC) (the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on July 10, 2023 to shareholders of record on June 26, 2023. Earlier today, the Company announced that it had changed its name from World Fuel Services Corporation to World Kinect Corporation. The Company will begin trading under its new name and new ticker symbol (NYSE:WKC) effective tomorrow, on June 16, 2023. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation is a leading global energy management company, offering a broad suite of energy advisory, management and fulfillment s
First Quarter 2023 Highlights Gross profit increased 14% to $263 million Net income decreased 13% to $23 million GAAP diluted earnings and adjusted diluted earnings per share of $0.36 Adjusted EBITDA increased 16% to $87 million World Fuel Services Corporation (NYSE:INT) today reported financial results for the first 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 March 31, 2023 2022 Change Volume (1) 4,472 4,476
World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, April 27, 2023 at 5:00 p.m. Eastern Time to discuss the Company's first quarter results, as well as certain forward-looking information. The Company plans to release its first quarter results after the market closes on the same date. Participants can access the live webcast or participate by phone by visiting the company's website at https://ir.wfscorp.com/events. 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 b
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on April 21, 2023 to shareholders of record on April 6, 2023. About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, inclu
Full year gross profit of $1.1 billion, up 38% vs prior year Net income of $21 million for the quarter and $114 million for the year GAAP diluted earnings per share of $0.33 for the quarter and $1.82 for the year Adjusted diluted earnings per share of $0.54 for the quarter and $2.04 for the year, up 50% vs prior year Full year Adjusted EBITDA increased 60% to $380 million vs prior year Annual capital return to shareholders of nearly $80 million through share repurchases and dividends World Fuel Services Corporation (NYSE:INT) today reported financial results for the fourth quarter and full year 2022. Results compared with the same period last year are as follows (unaudited - i
World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, February 23, 2023 at 5:00PM Eastern Time to discuss the Company's fourth quarter and full year results, as well as certain forward-looking information. The Company plans to release its fourth quarter and full year results after the market closes on the same date. To listen to the conference call by phone, participants must pre-register at the Company's website at: https://ir.wfscorp.com/events. All registrants will receive dial-in information and a PIN allowing access to the live conference call. The conference call will also be available via live webcast. The l
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on January 6, 2023 to shareholders of record on December 23, 2022. About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services,
World Fuel Services Corporation (NYSE:INT) Third-Quarter 2022 Highlights Total gross profit of $322.3 million, up 63% year-over-year GAAP net income of $42.5 million, or $0.68 per diluted share Adjusted net income of $41.8 million, or $0.67 per diluted share Adjusted EBITDA of $122.5 million "We delivered solid results across all of our businesses, despite continued global macroeconomic uncertainty," stated Michael J. Kasbar, chairman and chief executive officer. "We continue to focus on leveraging our technical expertise and global logistics and distribution capabilities to satisfy our customers' core energy requirements, as well as support their growing needs in achieving their
World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, October 27, 2022 at 5:00PM Eastern Time to discuss the Company's third quarter results, as well as certain forward-looking information. The Company plans to release its third quarter results after the market closes on the same date. To listen to the conference call by phone, participants must pre-register at the Company's website at: https://ir.wfscorp.com/events. All registrants will receive dial-in information and a PIN allowing access to the live conference call. The conference call will also be available via live webcast. The live webcast may be accessed by
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has approved a 17% increase to its quarterly cash dividend to $0.14 per share, which will be payable on October 7, 2022 to shareholders of record on September 23, 2022. "Today's announcement is a reflection of our confidence in the rapidly evolving growth opportunities of our business and related cash generation," said Ira M. Birns, executive vice president and chief financial officer. "Our disciplined approach to capital allocation demonstrates our commitment to generating long-term value for our shareholders." About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services
8-K - WORLD KINECT CORP (0000789460) (Filer)
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8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
DEFA14A - WORLD FUEL SERVICES CORP (0000789460) (Filer)
World Kinect Corporation (NYSE:WKC) (the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on July 10, 2023 to shareholders of record on June 26, 2023. Earlier today, the Company announced that it had changed its name from World Fuel Services Corporation to World Kinect Corporation. The Company will begin trading under its new name and new ticker symbol (NYSE:WKC) effective tomorrow, on June 16, 2023. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation is a leading global energy management company, offering a broad suite of energy advisory, management and fulfillment s
Reflects Company's Ongoing Transformation into a Diversified Energy and Solutions Provider Company will begin trading under new name and ticker symbol "WKC," effective June 16, 2023 World Fuel Services Corporation ((INT) ("Company") today announced it has changed its corporate name to World Kinect Corporation. The Company's shareholders approved the name change during today's Annual Meeting. The Company will begin trading under its new name and ticker symbol (NYSE:WKC) effective tomorrow, June 16, 2023. This change is intended to better reflect the Company's ongoing transformation into a more resilient, diversified energy and solutions provider. As the energy transition unfolds, thi
NEWS SUMMARY World Fuel Services (World Fuel) and Neste have signed an agreement to expand the supply of Sustainable Aviation Fuel (SAF).This agreement opens up a greater supply of SAF for World Fuel to distribute to customers throughout Europe.Currently, 13 airports are supplied with SAF by World Fuel, which will increase to over 40 with this agreement.In 2023, World Fuel estimates delivering more than 20 times the volume delivered in 2022.HOUSTON, May 22, 2023 /PRNewswire/ -- World Fuel Services (World Fuel) and Neste today announce their recently signed agreement for Sustainable Aviation Fuel (SAF), further strengthening the relationship between these two global companies. This agreement
First Quarter 2023 Highlights Gross profit increased 14% to $263 million Net income decreased 13% to $23 million GAAP diluted earnings and adjusted diluted earnings per share of $0.36 Adjusted EBITDA increased 16% to $87 million World Fuel Services Corporation (NYSE:INT) today reported financial results for the first 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 March 31, 2023 2022 Change Volume (1) 4,472 4,476
World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, April 27, 2023 at 5:00 p.m. Eastern Time to discuss the Company's first quarter results, as well as certain forward-looking information. The Company plans to release its first quarter results after the market closes on the same date. Participants can access the live webcast or participate by phone by visiting the company's website at https://ir.wfscorp.com/events. 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 b
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on April 21, 2023 to shareholders of record on April 6, 2023. About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, inclu
Full year gross profit of $1.1 billion, up 38% vs prior year Net income of $21 million for the quarter and $114 million for the year GAAP diluted earnings per share of $0.33 for the quarter and $1.82 for the year Adjusted diluted earnings per share of $0.54 for the quarter and $2.04 for the year, up 50% vs prior year Full year Adjusted EBITDA increased 60% to $380 million vs prior year Annual capital return to shareholders of nearly $80 million through share repurchases and dividends World Fuel Services Corporation (NYSE:INT) today reported financial results for the fourth quarter and full year 2022. Results compared with the same period last year are as follows (unaudited - i
World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, February 23, 2023 at 5:00PM Eastern Time to discuss the Company's fourth quarter and full year results, as well as certain forward-looking information. The Company plans to release its fourth quarter and full year results after the market closes on the same date. To listen to the conference call by phone, participants must pre-register at the Company's website at: https://ir.wfscorp.com/events. All registrants will receive dial-in information and a PIN allowing access to the live conference call. The conference call will also be available via live webcast. The l
World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on January 6, 2023 to shareholders of record on December 23, 2022. About World Fuel Services Corporation Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services,
Energy experts from World Kinect Energy Services to co-present a compelling case study on how to incorporate the latest carbon offsets into your sustainability strategy NEWS SUMMARY World Kinect Energy Services (World Kinect) will be onsite at COP27 in Sharm El Sheik, Egypt as part of a panel on the future of carbon offsetsWorld Kinect will be joined by international accreditation NGO, Verra, and sustainable innovation developer, Okeanos® to discuss innovative efforts to improve and restructure the mechanism of voluntary carbon creditsThe panelists will discuss how their partnership has led to a brand-new category of carbon offsets – and how collaboration like this leads to further innovatio
World Fuel Services Corporation (NYSE:INT) today announced the appointment of Jill B. Smart to the Board of Directors of the company. "We are delighted to have Jill join our Board of Directors," said Michael J. Kasbar, chairman and chief executive officer. "She is an accomplished human resources executive who brings a wealth of expertise in human capital management and executing organizational transformation. Jill's skill set will be a strategic asset to our company and help us accelerate our long-term growth objectives." Ms. Smart spent more than 33 years at Accenture plc, a global professional services company, before retiring in 2014 after having served as Accenture's Chief Human Resou
Thursday marks the last chance for investors to receive the next dividend payout from World Fuel Servs (NYSE:INT). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 14 cents per share. On Friday, World Fuel Servs will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own INT as of the end of Thursday's session are eligible to receive the 14 cents dividend
NEWS SUMMARYWorld Fuel Services (World Fuel) and Neste have signed an agreement to expand the supply of Sustainable Aviation Fuel (SAF).This agreement opens up a greater supply of SAF for World Fuel to distribute to customers throughout Europe.Currently, 13 airports are supplied with SAF by World Fuel, which will increase to over 40 with this agreement.In 2023, World Fuel estimates delivering more than 20 times the volume delivered in 2022.HOUSTON, May 22, 2023 /PRNewswire/ -- World Fuel Services (World Fuel) and Neste today announce their recently signed agreement for Sustainable Aviation Fuel (SAF), further strengthening the relationship between these two global companies. This agreement p
World Fuel Servs (NYSE:INT) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 14.29 percent decrease over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $12.48 billion which missed the analyst consensus estimate of $12.93 billion by 3.46 percent. This is a 0.18 percent increase over sales of $12.46 billion the same period last year.
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Tuesday marks the last chance for investors to receive the next dividend payout from World Fuel Servs (NYSE:INT). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 14 cents per share. On Wednesday, World Fuel Servs will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own INT as of the end of Tuesday's session are eligible to receive the 14 cents divi
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World Fuel Services (NYSE:INT) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.48 by 12.5 percent. This is a 92.86 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $13.88 billion which missed the analyst consensus estimate of $14.16 billion by 1.99 percent. This is a 39.57 percent increase over sales of $9.94 billion the same period last year.
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