World Kinect WKC Land — Proceeds from Divestiture of Business, Total Consideration
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Where this comes from
Reported directly by World Kinect in its filing.
Tagged under the XBRL concept wkc:ProceedsFromDivestitureOfBusinessTotalConsideration.
The source filing: World Kinect’s 10-Q, filed July 24, 2026.
- Filed
- Jul 24, 2026, 4:13 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000789460-26-000040
In June 2026, we closed on the sale of a majority of the Land Fuel Transportation and Lubricants disposal group for total proceeds of $82.8 million, subject to inventory and other adjustments. During the second quarter of 2026, we recognized a gain on sale of $1.2 million. Certain assets originally included in the Land Fuel Transportation and Lubricants disposal group were not included in the sale transaction and were no longer considered held for sale as of June 30, 2026. As a result, $4.0 million of impairment charges previously recognized during the fourth quarter of 2025 were reversed during the second quarter of 2026. As of June 30, 2026, there were no Land Fuel Transportation and Lubricants disposal group assets or liabilities classified as held for sale.
Item 1. Financial Statements (Unaudited)
FAQ
- What is World Kinect's land — proceeds from divestiture of business, total consideration?
- World Kinect (WKC) reported land — proceeds from divestiture of business, total consideration of $82.8M in Q2 2026.
- What does land — proceeds from divestiture of business, total consideration mean?
- Represents the aggregate gross proceeds generated from the sale of business entities or assets within the Land segment. It serves as a key indicator of the liquidity generated through portfolio optimization and strategic restructuring efforts.
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