Recent Insider Transactions • May 20
Independent Director recently sold €229k worth of stock On the 11th of May, Richard Kassar sold around 10k shares on-market at roughly €22.89 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €569k. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Duyuru • Apr 30
World Kinect Corporation, Annual General Meeting, Jun 18, 2026 World Kinect Corporation, Annual General Meeting, Jun 18, 2026. Duyuru • Apr 15
World Kinect Corporation to Report Q1, 2026 Results on Apr 23, 2026 World Kinect Corporation announced that they will report Q1, 2026 results After-Market on Apr 23, 2026 Duyuru • Mar 20
World Kinect Corporation Declares A Quarterly Cash Dividend, Payable on April 16, 2026 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.20 per share, which is payable on April 16, 2026 to shareholders of record on March 30, 2026. Duyuru • Feb 20
World Kinect Corporation Reports Goodwill and Other Asset Impairments for the Fourth Quarter Ended December 31, 2025 World Kinect Corporation reported Goodwill and other asset impairments for the fourth quarter ended December 31, 2025. For the quarter, the company reported Goodwill and other asset impairments was $246.5 million compared to $25.3 million a year ago. Duyuru • Feb 05
World Kinect Corporation to Report Q4, 2025 Results on Feb 19, 2026 World Kinect Corporation announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 Duyuru • Oct 09
World Kinect Corporation to Report Q3, 2025 Results on Oct 23, 2025 World Kinect Corporation announced that they will report Q3, 2025 results After-Market on Oct 23, 2025 Duyuru • Sep 17
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on October 16, 2025 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.20 per share, which is payable on October 16, 2025 to shareholders of record on September 30, 2025. Duyuru • Aug 02
World Kinect Corporation Reports Non-Cash Intangible Asset Impairments for the Second Quarter Ended June 30, 2025 World Kinect Corporation reported non-cash intangible asset impairments for the second quarter ended June 30, 2025. For the quarter, In Land segment, the company recognized non-cash intangible asset impairments totaling $367 million in the second quarter, of which $359 million related to goodwill and $8 million related to other intangible assets. Duyuru • Jun 06
World Kinect Corporation Increases Regular Quarterly Cash Dividend, Payable on July 16, 2025 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.20 per share, an increase of approximately 18% over its previous dividend of $0.17 per share. The dividend is payable on July 16, 2025, to shareholders of record on June 17, 2025. Duyuru • Apr 28
World Kinect Corporation, Annual General Meeting, Jun 05, 2025 World Kinect Corporation, Annual General Meeting, Jun 05, 2025. Location: norton rose fulbright us llp, 1301 avenue of the americas, 30th floor, new york 10019., new york United States Duyuru • Apr 25
World Kinect Corporation Announces Management Changes World Kinect Corporation announced that Ira M. Birns, currently EVP and Chief Financial Officer, has been promoted to President and will continue in his CFO role, and that John P. Rau, currently EVP of Global Aviation, Land and Marine, has been promoted to Chief Operating Officer. They will continue to report directly to Chairman and CEO Michael Kasbar. Ira Birns has been EVP & Chief Financial Officer of World Kinect Corporation since 2007, with responsibility for all of the company’s Finance functions, Credit Risk Management, Corporate Development and Investor Relations. Prior to World Kinect, Mr. Birns served as Vice President and Treasurer at Arrow Electronics Inc., a global provider of technology products, services and solutions. He currently serves as a member of the board of directors and the chair of the audit committee of Stem Inc., a global leader in artificial intelligence driven clean energy solutions and services. He previously served as Chairman of the Association for Financial Professionals, a professional society committed to advancing the success of its members and their organizations globally. Mr. Birns holds a Bachelor of Business Administration degree in Public Accounting from Hofstra University. He is a certified public accountant as well as a certified treasury professional. Since 2011, John Rau has served in senior leadership roles at World Kinect, most recently as EVP of Global Aviation, Land and Marine, where he is responsible for the leadership of all three of the company’s fuel, energy and sustainability businesses. Prior to joining World Kinect, Mr. Rau served as Managing Director at American Airlines from 1995 to 2011, where his responsibilities included jet fuel procurement and logistics. Previously, Mr. Rau worked at United Airlines, where he was responsible for the purchasing and hedging of jet fuel and managing United’s jet fuel trading subsidiary. Mr. Rau holds a bachelor’s degree in business administration from the University of Kansas. Duyuru • Apr 24
World Kinect Corporation Names Jeffrey M. Kottkamp to the Board of Directors World Kinect Corporation announced the appointment of Jeffrey M. Kottkamp to the Board of Directors of the company. Mr. Kottkamp spent 40 years at Deloitte & Touche USA LLP, an audit, consulting, tax and advisory service provider, before retiring in 2023 after having served as a partner for nearly 30 years. At Deloitte, Mr. Kottkamp served in significant leadership roles, including National Managing Partner of the US Securities Industry Audit Practice, Northeast Regional Managing Partner of the US Audit Practice, Senior Audit Client Service Partner and Vice Chair of the US Audit Firm. Mr. Kottkamp also served as Senior Partner, Global Financial Services Audit Practice and Global Audit & Assurance Quality Leader for Deloitte Touche Tohmatsu Ltd. Mr. Kottkamp’s previous board experience includes serving as a member of the board of directors of Deloitte US from 2011 to 2015, and the chair of its audit committee from 2013 to 2015. Mr. Kottkamp also served as a member of the board of directors of Good Shepherd Services, a non-profit community service organization based in New York City, from 2009 to 2018, and served as the chair of its audit committee from 2013 to 2018. Mr. Kottkamp is a Certified Public Accountant and received a Bachelor of Science in Accounting, with Highest University Honors, from Southern Illinois University – Carbondale. Duyuru • Apr 15
World Kinect Corporation to Report Q1, 2025 Results on Apr 24, 2025 World Kinect Corporation announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 Duyuru • Mar 15
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on April 16, 2025 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on April 16, 2025 to shareholders of record on March 31, 2025. Duyuru • Feb 04
World Kinect Corporation to Report Q4, 2024 Results on Feb 20, 2025 World Kinect Corporation announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Duyuru • Dec 14
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on January 16, 2025 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on January 16, 2025 to shareholders of record on December 23, 2024. Recent Insider Transactions • Nov 03
Independent Director recently sold €481k worth of stock On the 30th of October, Richard Kassar sold around 20k shares on-market at roughly €24.03 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Insiders have been net sellers, collectively disposing of €5.3m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €23.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 7.9% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.57 (vs US$0.58 in 3Q 2023) Third quarter 2024 results: EPS: US$0.57 (down from US$0.58 in 3Q 2023). Revenue: US$10.5b (down 14% from 3Q 2023). Net income: US$33.5m (down 4.0% from 3Q 2023). Profit margin: 0.3% (in line with 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 11
World Kinect Corporation to Report Q3, 2024 Results on Oct 24, 2024 World Kinect Corporation announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Declared Dividend • Sep 13
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 30th September 2024 Payment date: 16th October 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.6% over the next year. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Duyuru • Sep 10
World Kinect Corporation (NYSE:WKC) announces an Equity Buyback for $200 million worth of its shares. World Kinect Corporation (NYSE:WKC) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common stock. The repurchase program has no expiration date. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€3.1m sold). Recent Insider Transactions • Aug 23
Chairman recently sold €1.5m worth of stock On the 19th of August, Michael Kasbar sold around 59k shares on-market at roughly €25.24 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 02
Independent Director recently sold €418k worth of stock On the 31st of July, John Manley sold around 16k shares on-market at roughly €26.13 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$1.81 (vs US$0.48 in 2Q 2023) Second quarter 2024 results: EPS: US$1.81 (up from US$0.48 in 2Q 2023). Revenue: US$11.0b (flat on 2Q 2023). Net income: US$108.3m (up 262% from 2Q 2023). Profit margin: 1.0% (up from 0.3% in 2Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Jul 03
World Kinect Corporation(NYSE:WKC) dropped from Russell 2000 Dynamic Index World Kinect Corporation(NYSE:WKC) dropped from Russell 2000 Dynamic Index Duyuru • Jun 28
World Kinect Corporation to Report Q2, 2024 Results on Jul 25, 2024 World Kinect Corporation announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Declared Dividend • Jun 10
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 17th June 2024 Payment date: 16th July 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 08
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on July 16, 2024 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on July 16, 2024 to shareholders of record on June 17, 2024. Recent Insider Transactions • May 09
Independent Director recently sold €244k worth of stock On the 6th of May, Kanwaljit Bakshi sold around 11k shares on-market at roughly €22.34 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Duyuru • May 03
CAMP Systems Inc. completed the acquisition of Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation (NYSE:WKC). CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation (NYSE:WKC) for approximately $200 million on March 12, 2024. The seller intends to use the net proceeds from this strategic sale to repay debt, reducing annual run rate of interest expense by approximately $10 million. The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed within the next 60 days. Wells Fargo Securities, LLC acted as financial advisor to World Kinect Corporation.
CAMP Systems Inc. completed the acquisition of Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation (NYSE:WKC) on May 1, 2024. Duyuru • Apr 28
World Kinect Corporation, Annual General Meeting, Jun 06, 2024 World Kinect Corporation, Annual General Meeting, Jun 06, 2024, at 08:00 Eastern Daylight. Agenda: To consider Election of Directors; to consider approve, on a non-binding, advisory basis, the Company's executive compensation; to consider Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the 2024 fiscal year. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.46 (vs US$0.37 in 1Q 2023) First quarter 2024 results: EPS: US$0.46 (up from US$0.37 in 1Q 2023). Revenue: US$11.0b (down 12% from 1Q 2023). Net income: US$27.4m (up 20% from 1Q 2023). Profit margin: 0.3% (up from 0.2% in 1Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Mar 29
World Kinect Corporation to Report Q1, 2024 Results on Apr 25, 2024 World Kinect Corporation announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Upcoming Dividend • Mar 15
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 16 April 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.4%). Duyuru • Mar 08
World Kinect Corporation Increases Regular Quarterly Cash Dividend, Payable on April 16, 2024 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.17 per share, an increase of approximately 21% over its previous dividend of $0.14 per share. The dividend is payable on April 16, 2024, to shareholders of record on March 25, 2024. Recent Insider Transactions • Mar 06
Independent Chairman Emeritus recently sold €1.4m worth of stock On the 1st of March, Paul Stebbins sold around 60k shares on-market at roughly €22.68 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$0.86 (vs US$1.83 in FY 2022) Full year 2023 results: EPS: US$0.86 (down from US$1.83 in FY 2022). Revenue: US$47.7b (down 19% from FY 2022). Net income: US$52.9m (down 54% from FY 2022). Profit margin: 0.1% (down from 0.2% in FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Feb 02
World Kinect Corporation to Report Q4, 2023 Results on Feb 22, 2024 World Kinect Corporation announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Duyuru • Dec 08
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on January 16, 2024 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on January 16, 2024 to shareholders of record on December 18, 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.58 (vs US$0.69 in 3Q 2022) Third quarter 2023 results: EPS: US$0.58 (down from US$0.69 in 3Q 2022). Revenue: US$12.2b (down 22% from 3Q 2022). Net income: US$34.9m (down 18% from 3Q 2022). Profit margin: 0.3% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Duyuru • Oct 12
World Kinect Corporation to Report Q3, 2023 Results on Oct 26, 2023 World Kinect Corporation announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Duyuru • Sep 22
World Kinect Corporation Declares Quarterly Cash Dividend, Payable on October 16, 2023 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on October 16, 2023 to shareholders of record on October 2, 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.48 (vs US$0.39 in 2Q 2022) Second quarter 2023 results: EPS: US$0.48 (up from US$0.39 in 2Q 2022). Revenue: US$11.0b (down 36% from 2Q 2022). Net income: US$29.9m (up 23% from 2Q 2022). Profit margin: 0.3% (up from 0.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Jul 12
World Kinect Corporation to Report Q2, 2023 Results on Jul 27, 2023 World Kinect Corporation announced that they will report Q2, 2023 results on Jul 27, 2023 Duyuru • Jun 17
World Kinect Corporation Declares Regular Quarterly Cash Dividend, Payable on July 10, 2023 World Kinect Corporation announced that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on July 10, 2023 to shareholders of record on June 26, 2023. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$0.37 (vs US$0.41 in 1Q 2022) First quarter 2023 results: EPS: US$0.37 (down from US$0.41 in 1Q 2022). Revenue: US$12.5b (flat on 1Q 2022). Net income: US$22.8m (down 13% from 1Q 2022). Profit margin: 0.2% (in line with 1Q 2022). Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 29
Upcoming dividend of US$0.14 per share at 2.2% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Jill Smart was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.83 (vs US$1.17 in FY 2021) Full year 2022 results: EPS: US$1.83 (up from US$1.17 in FY 2021). Revenue: US$59.0b (up 88% from FY 2021). Net income: US$114.1m (up 55% from FY 2021). Profit margin: 0.2% (in line with FY 2021). Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Feb 10
World Fuel Services Corporation to Report Q4, 2022 Results on Feb 23, 2023 World Fuel Services Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023 Duyuru • Dec 10
World Fuel Services Corporation Declares Quarterly Cash Dividend, Payable on January 6, 2023 World Fuel Services Corporation announced that its board of directors has declared a quarterly cash dividend of $0.14 per share, which is payable on January 6, 2023 to shareholders of record on December 23, 2022. Duyuru • Nov 15
World Fuel Services Corporation Announces Jeffrey P. Smith Intends to Retire and Resigns as Executive Vice President and Chief Operating Officer World Fuel Services Corporation announced that on November 8, 2022, Jeffrey P. Smith provided notice of his intent to retire from the Company and resign from his position as Executive Vice President and Chief Operating Officer of the Company, effective December 31, 2022. Following his retirement, Mr. Smith will remain as a non-executive employee of the Company through December 2023 to support the transition of his role and responsibilities and provide strategic advice to the Company’s Chief Executive Officer on certain technology-related projects and opportunities. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.69 (vs US$0.34 in 3Q 2021) Third quarter 2022 results: EPS: US$0.69 (up from US$0.34 in 3Q 2021). Revenue: US$15.7b (up 88% from 3Q 2021). Net income: US$42.5m (up 96% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • Oct 14
World Fuel Services Corporation to Report Q3, 2022 Results on Oct 27, 2022 World Fuel Services Corporation announced that they will report Q3, 2022 results After-Market on Oct 27, 2022 Duyuru • Sep 14
World Fuel Services Corporation Increases Quarterly Dividend, Payable on October 7, 2022 World Fuel Services Corporation announced that its board of directors has approved a 17% increase to its quarterly cash dividend to $0.14 per share, which will be payable on October 7, 2022 to shareholders of record on September 23, 2022. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to €27.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total loss to shareholders of 16% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.39 (vs US$0.28 in 2Q 2021) Second quarter 2022 results: EPS: US$0.39 (up from US$0.28 in 2Q 2021). Revenue: US$17.1b (up 142% from 2Q 2021). Net income: US$24.4m (up 39% from 2Q 2021). Profit margin: 0.1% (down from 0.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.8%, compared to a 36% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Duyuru • Jul 16
World Fuel Services Corporation to Report Q2, 2022 Results on Jul 28, 2022 World Fuel Services Corporation announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Duyuru • Jun 29
World Fuel Services Corporation Expands Customer Access to Sustainable Aviation Fuel World Fuel Services Corporation announced they are now an authorized branded distributor of Neste MY Sustainable Aviation Fuel™ (SAF). Paris-Le Bourget Airport (LFPB/LBG) in France is the first location where the company delivered Neste's SAF as the authorized branded distributor. Becoming an authorized branded distributor builds on World Fuel's ongoing commitment to developing innovative sustainability solutions for the aviation industry, which is exemplified by supporting customers in Europe with solutions and services such as: As one of the first companies to have blended SAF in the UK, World Fuel provides Farnborough Airport (EGLF) in Hampshire, England, with a supply of SAF from Neste. World Fuel managed Bremen Airport's (EDDW) fuel storage facility upgrade by converting an existing Avgas tank into a SAF tank and supplying a dedicated refueller asset to support Airbus' Beluga flight operations. At Toulouse-Blagnac Airport (LFBO), the company supported Airbus by delivering blended and 100% SAF for engine testing. World Fuel supplied SAF to the Royal Air Force Brize Norton in support of the Autumn Royal Tour and provided Boeing with SAF for flights related to the UK and the Middle East. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €21.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total loss to shareholders of 27% over the past three years. Upcoming Dividend • May 26
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.3%). Duyuru • May 18
World Fuel Services Corporation Declares Regular Quarterly Cash Dividend, Payable on July 1, 2022 World Fuel Services Corporation announced that its board of directors has declared a quarterly cash dividend of $0.12 per share payable on July 1, 2022 to shareholders of record on June 3, 2022. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$0.41 (vs US$0.30 in 1Q 2021) First quarter 2022 results: EPS: US$0.41 (up from US$0.30 in 1Q 2021). Revenue: US$12.5b (up 109% from 1Q 2021). Net income: US$26.3m (up 39% from 1Q 2021). Profit margin: 0.2% (down from 0.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 26%, compared to a 46% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Apr 15
World Fuel Services Corporation to Report Q1, 2022 Results on Apr 28, 2022 World Fuel Services Corporation announced that they will report Q1, 2022 results After-Market on Apr 28, 2022 Duyuru • Apr 09
World Fuel Services Corporation, Annual General Meeting, May 17, 2022 World Fuel Services Corporation, Annual General Meeting, May 17, 2022, at 08:00 US Eastern Standard Time. Location: 9800 Northwest 41st Street,Miami FL 33178 Miami Florida United States Agenda: To consider the election of directors; to conduct a non-binding, advisory vote on executive compensation; and to ratify the appointment of PricewaterhouseCoopers LLP as independent registered certified public accounting firm for the 2022 fiscal year. Upcoming Dividend • Mar 17
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.8%). Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.17 (down from US$1.72 in FY 2020). Revenue: US$31.3b (up 54% from FY 2020). Net income: US$73.7m (down 33% from FY 2020). Profit margin: 0.2% (down from 0.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 36%, compared to a 75% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Feb 16
World Fuel Services Corporation to Report Q4, 2021 Results on Feb 24, 2022 World Fuel Services Corporation announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.34 (vs US$1.29 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$8.35b (up 86% from 3Q 2020). Net income: US$21.7m (down 74% from 3Q 2020). Profit margin: 0.3% (down from 1.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Sep 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sharda Cherwoo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 02
Independent Director recently sold €189k worth of stock On the 31st of August, Kanwaljit Bakshi sold around 7k shares on-market at roughly €27.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.3m more than they bought in the last 12 months. Recent Insider Transactions • Aug 21
Executive Vice President of Global Land recently sold €139k worth of stock On the 18th of August, Michael Crosby sold around 5k shares on-market at roughly €27.77 per share. In the last 3 months, there was an even bigger sale from another insider worth €197k. Insiders have been net sellers, collectively disposing of €5.6m more than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$0.28 (vs US$0.16 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$7.09b (up 124% from 2Q 2020). Net income: US$17.6m (up US$27.8m from 2Q 2020). Profit margin: 0.2% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 29
Executive Vice President of Global Land recently sold €130k worth of stock On the 27th of May, Michael Crosby sold around 5k shares on-market at roughly €26.08 per share. In the last 3 months, there was an even bigger sale from another insider worth €537k. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Upcoming Dividend • May 27
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 01 July 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Duyuru • May 22
World Fuel Services Corporation Announces Quarterly Dividend, Payable on July 1, 2021 World Fuel Services Corporation announced that its board of directors has declared a quarterly cash dividend of $0.12 per share payable on July 1, 2021 to shareholders of record on June 4, 2021. Recent Insider Transactions • May 08
Independent Director recently sold €428k worth of stock On the 6th of May, Kanwaljit Bakshi sold around 16k shares on-market at roughly €26.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.7m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.30 (vs US$0.64 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$5.96b (down 26% from 1Q 2020). Net income: US$18.9m (down 54% from 1Q 2020). Profit margin: 0.3% (down from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 18
Upcoming Dividend of US$0.12 Per Share Will be paid on the 9th of April to those who are registered shareholders by the 25th of March. The trailing yield of 1.3% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (4.4%). Duyuru • Mar 16
World Fuel Services Corporation Announces Quarterly Cash Dividend, Payable on April 9, 2021 World Fuel Services Corporation announced that its board of directors has approved a 20% increase to its quarterly cash dividend to $0.12 per share, which will be payable on April 9, 2021 to shareholders of record on March 26, 2021. Is New 90 Day High Low • Mar 10
New 90-day high: €30.00 The company is up 18% from its price of €25.40 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.10 per share. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS US$1.72 (vs US$2.71 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$20.4b (down 45% from FY 2019). Net income: US$109.6m (down 39% from FY 2019). Profit margin: 0.5% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 33%, compared to a 30% growth forecast for the Oil and Gas industry in Germany. Duyuru • Feb 18
World Fuel Services Corporation to Report Q4, 2020 Results on Feb 25, 2021 World Fuel Services Corporation announced that they will report Q4, 2020 results After-Market on Feb 25, 2021 Is New 90 Day High Low • Feb 10
New 90-day high: €29.00 The company is up 21% from its price of €24.00 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.37 per share. Recent Insider Transactions • Jan 13
Independent Chairman Emeritus recently sold €1.4m worth of stock On the 7th of January, Paul Stebbins sold around 50k shares on-market at roughly €27.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Is New 90 Day High Low • Jan 08
New 90-day high: €27.00 The company is up 38% from its price of €19.60 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.99 per share. Recent Insider Transactions • Dec 18
Independent Chairman Emeritus recently sold €632k worth of stock On the 14th of December, Paul Stebbins sold around 25k shares on-market at roughly €25.29 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. 
