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World Kinect Corporation (NYSE:WKC) Q1 2024 Earnings Call Transcript April 25, 2024 World Kinect Corporation misses on earnings expectations. Reported EPS is $0.47 EPS, expectations were $0.49. WKC isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Goo day and thank […]
The firm had a Q1 profit margin on its bunker sales of $6.19/mt, up from $4.51/mt in Q4 and compared to an average since 2015 of $2.64/mt.
Taking 2023 as a whole, marine income sank by 47% to $82.3 million, while volumes dropped by 12% to 16.8 million mt.
Operator: Thank you for standing by, and welcome to World Kinect Corporation's Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.
Disruption at two bunkering locations in Europe and one in the US, as well as a conscious retreat from lower-margin business, has helped drive marine volumes to the lowest level since Q2 2020, the firm's CEO and CFO explain.