Quarterly ResultApr 23, 2026, 04:27 PM
World Kinect Q1 2026 Adjusted EPS Jumps 56% to $0.75; FY26 Guidance Raised
AI Summary
World Kinect Corporation reported strong first-quarter 2026 results, with adjusted diluted EPS increasing 56% to $0.75 and adjusted net income reaching $39 million. Gross profit rose 18% to $271 million, driven by significant growth in the Aviation and Marine segments, partially offset by a decrease in the Land segment due to divestitures and market conditions. The company also raised its full-year 2026 Adjusted diluted EPS guidance to $2.65-$2.85, up from $2.20-$2.40, and announced a rebranding to World Fuel.
Key Highlights
- Adjusted diluted EPS increased 56% to $0.75 in Q1 2026.
- Gross profit rose 18% to $271 million.
- Adjusted EBITDA increased 18% to $94 million.
- Repurchased $75 million of common stock.
- Raised FY26 Adjusted EPS guidance to $2.65-$2.85.