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World Fuel Services Corp (INT) Q4 2020 Earnings Call Transcript


Operator
Ladies and gentlemen, thank you standing by, and welcome to the World Fuel Services Fourth Quarter and Full Year 2020 Earnings Conference Call. My name is Mike, and I ll be coordinating the call for this evening. [Operator Instructions]
I would now like to turn the conference over to Mr. Glenn Klevitz, World Fuel s Vice President, Treasurer and Investor Relations. Mr. Klevitz, you may begin your conference.
Glenn Klevitz
Vice President, Assistant Treasurer
Thank you, Mike. Good evening, everyone, and welcome to the World Fuel Services fourth quarter and Full Year 2020 Earnings Conference Call. I m Glenn Klevitz, and I ll be doing the introductions on this evening s call alongside our slide presentation.. This call is also available via webcast. To access this webcast or future webcasts, please visit the World Fuel Services Corporation website and click on the webcast icon. With us on the call today are Michael Kasbar, Chairman and Chief Executive Of ....

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World Fuel Services Corporation Reports Fourth Quarter and Full Year 2020 Results


World Fuel Services Corporation Reports Fourth Quarter and Full Year 2020 Results
World Fuel Services Corporation (NYSE: INT)
Fourth-Quarter 2020 Highlights
• GAAP net loss of $3.6 million, or $0.06 per diluted share
• Adjusted net income of $1.1 million, or $0.02 per diluted share
• Adjusted EBITDA of $44.6 million
Full Year 2020 Highlights
• GAAP net income of $109.6 million, or $1.71 per diluted share
• Adjusted net income of $73.6 million, or $1.15 per diluted share
• Adjusted EBITDA of $261.4 million
“While the past year presented some of the most challenging conditions that our company and the market has ever experienced, our risk management capabilities and the resilience of our diversified business model has provided a number of near-term opportunities and our longer-term growth prospects remain strong,” stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. “We are truly ....

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