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World Kinect WKC Q1 2024 earnings

Reported April 25, 2024 · After market close

Revenue$10.9BMiss by $880.7M
EPS$0.47Miss by $0.02
Revenue estimate$11.8B
EPS estimate$0.49

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$12.3B
EPS estimate$0.91

Financials

Q1 2024

Income statement

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Revenue$11.0B-12.3%
Gross profit$254.1M-3.3%
Operating income$63.3M-2.0%
Net income$27.4M+20.2%
EPS (diluted)$0.45+25.0%

Balance sheet

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Cash & equivalents$321.3M+48.3%
Total debt$964.8M+26.4%
Total equity$2.0B-2.8%
Total assets$7.2B-4.2%

Cash flow

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Operating cash flow$110.2M-22.9%
CapEx$17.5M-6.9%
Free cash flow$92.7M-25.4%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$1.58B-0.3%
Enterprise value$2.23B+4.3%
P/S0.0×

Profitability

See full
Gross margin2.3%+0.4pp
Operating margin0.5%0.0pp
FCF margin0.4%

Returns & leverage

See full
Debt / equity0.5×+0.1×
Current ratio1.1×0.0×

Segments

By geography

See full
North America$5.6B-20.3%
EMEA$2.4B-2.0%
LATAM$1.6B-6.9%
Asia Pacific$1.4B+4.2%

By segment

See full
Aviation$5.1B
Land$3.4B
Marine$2.4B

Versus estimates

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Questions, answered.

When did World Kinect report Q1 2024 earnings?
World Kinect (WKC) reported Q1 2024 earnings on April 25, 2024 after market close.
What were World Kinect's Q1 2024 revenue and EPS?
World Kinect reported revenue of $10.9B and eps of $0.47 for Q1 2024.
Did World Kinect beat estimates in Q1 2024?
Revenue missed the consensus estimate of $11.8B by $880.7M. EPS missed the consensus estimate of $0.49 by $0.02.
Where can I find World Kinect's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001628280-24-018474) directly on SEC EDGAR. The filing index links above go to sec.gov.