headquartered in miami, florida, world fuel services is a leading global fuel logistics company, principally engaged in the marketing, sale and distribution of aviation, marine and land fuel and related products and services on a worldwide basis. world fuel services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide. the company's global team of market makers provides deep domain expertise in all aspects of aviation, marine and land fuel management. aviation customers include commercial airlines, cargo carriers, private aircraft and fixed base operators (fbos), as well as the united states and foreign governments. world fuel services' marine customers include international container and tanker fleets, cruise lines and time-charter operators, as well as the united states and foreign governments. land customers include petroleum distributors, retail petroleum operators, and industrial, commercial, and govern
Company profile
Ticker
WKC
Exchange
Website
CEO
Michael Kasbar
Employees
Incorporated
Location
Fiscal year end
Sector
Former names
INTERNATIONAL RECOVERY CORP, WORLD FUEL SERVICES CORP
SEC CIK
Corporate docs
Subsidiaries
Advance Petroleum, LLC • AHT Services, LLC • Air Petro Corp. • Alta Fuels, LLC • Alta Transportation, LLC • Altitude Ventures Holding Inc. • Amelia Holding AB • Amsterdam Software B.V. • Ascent Aviation Group, Inc. • Associated Petroleum Products, Inc. ...
IRS number
592459427
WKC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
28 Jul 23
8-K
World Kinect Corporation Reports Second Quarter 2023 Results
27 Jul 23
8-K
Second Quarter 2023 Earnings Conference Call
11 Jul 23
8-K
Regulation FD Disclosure
27 Jun 23
8-K
Entry into a Material Definitive Agreement
26 Jun 23
8-K
Other Events
22 Jun 23
8-K
Other Events
21 Jun 23
8-K
Amendments to Articles of Incorporation or Bylaws
20 Jun 23
DEFA14A
Additional proxy soliciting materials
6 Jun 23
ARS
2022 FY
Annual report to shareholders
26 May 23
Transcripts
WKC
Earnings call transcript
2023 Q2
27 Jul 23
WKC
Earnings call transcript
2023 Q1
27 Apr 23
WKC
Earnings call transcript
2022 Q4
23 Feb 23
WKC
Earnings call transcript
2022 Q3
28 Oct 22
WKC
Earnings call transcript
2022 Q2
29 Jul 22
WKC
Earnings call transcript
2022 Q1
29 Apr 22
WKC
Earnings call transcript
2021 Q4
25 Feb 22
WKC
Earnings call transcript
2021 Q3
29 Oct 21
WKC
Earnings call transcript
2021 Q2
31 Jul 21
WKC
Earnings call transcript
2021 Q1
1 May 21
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 293.90 mm | 293.90 mm | 293.90 mm | 293.90 mm | 293.90 mm | 293.90 mm |
| Cash burn (monthly) | (no burn) | 7.66 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 24.29 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 269.61 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 35.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
96.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 220 |
| Opened positions | 24 |
| Closed positions | 34 |
| Increased positions | 90 |
| Reduced positions | 78 |
| 13F shares | Current |
|---|---|
| Total value | 1.17 tn |
| Total shares | 58.27 mm |
| Total puts | 166.00 k |
| Total calls | 29.90 k |
| Total put/call ratio | 5.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 11.65 mm | $240.95 bn |
| Vanguard | 7.21 mm | $149.17 bn |
| Dimensional Fund Advisors | 4.42 mm | $91.48 bn |
| IVZ Invesco | 3.43 mm | $70.90 bn |
| STT State Street | 3.08 mm | $64.18 bn |
| Boston Partners | 1.72 mm | $36.05 bn |
| PFG Principal Financial Group Inc - Registered Shares | 1.65 mm | $34.18 bn |
| River Road Asset Management | 1.28 mm | $26.43 bn |
| LSV Asset Management | 1.23 mm | $25.49 mm |
| Geode Capital Management | 1.21 mm | $24.96 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 Aug 23 | Jose-Miguel Tejada | Common Stock | Payment of exercise | Dispose F | No | No | 22.4 | 153 | 3.43 k | 30,003 |
| 10 Jul 23 | Bakshi Ken | Common Stock | Grant | Acquire A | No | No | 0 | 91 | 0.00 | 52,198 |
| 16 Jun 23 | Stebbins Paul H | Common Stock | Grant | Acquire A | No | No | 0 | 7,028 | 0.00 | 48,528 |
| 16 Jun 23 | Bakshi Ken | Common Stock | Grant | Acquire A | No | No | 0 | 8,305 | 0.00 | 52,107 |
| 16 Jun 23 | Kassar Richard A | Common Stock | Grant | Acquire A | No | No | 0 | 7,454 | 0.00 | 80,103 |