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World Kinect WKC Q2 2024 earnings

Reported July 25, 2024 · After market close

Revenue$11.0BMiss by $963.7M
EPS$0.48Miss by $0.08
Revenue estimate$11.9B
EPS estimate$0.56

Next report

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

Financials

Q2 2024

Income statement

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Revenue$11.0B-0.1%
Gross profit$245.2M-13.0%
Operating income$45.2M-40.1%
Net income$108.3M+262%
EPS (diluted)$1.81+277%

Balance sheet

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Cash & equivalents$524.6M+78.5%
Total debt$960.6M+0.4%
Total equity$2.0B+3.7%
Total assets$7.2B+3.3%

Cash flow

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Operating cash flow$67.9M+56.1%
CapEx$14.6M-47.3%
Free cash flow$53.3M+237%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$1.55B+20.0%
Enterprise value$1.98B+1.5%
P/S0.0×

Profitability

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Gross margin2.2%0.0pp
Operating margin0.4%-0.2pp
FCF margin0.4%

Returns & leverage

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Debt / equity0.5×0.0×
Current ratio1.2×0.0×

Segments

By geography

See full
North America$5.7B-7.3%
EMEA$2.6B+9.6%
Asia Pacific$1.4B+10.0%
LATAM$1.3B+5.2%

By segment

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Aviation$5.4B+3.4%
Land$3.3B-9.6%
Marine$2.3B+7.5%

Versus estimates

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Questions, answered.

When did World Kinect report Q2 2024 earnings?
World Kinect (WKC) reported Q2 2024 earnings on July 25, 2024 after market close.
What were World Kinect's Q2 2024 revenue and EPS?
World Kinect reported revenue of $11.0B and eps of $0.48 for Q2 2024.
Did World Kinect beat estimates in Q2 2024?
Revenue missed the consensus estimate of $11.9B by $963.7M. EPS missed the consensus estimate of $0.56 by $0.08.
Where can I find World Kinect's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001628280-24-033111) directly on SEC EDGAR. The filing index links above go to sec.gov.