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World Kinect Corporation Reports Fourth Quarter and Full Year 2024 Results

1. WKC reported Q4 gross profit of $259M and GAAP net loss of $102M. 2. Adjusted net income reached $36M; cash flow was $120M with $43M buyback.

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$27.602/20 04:38 PM EDTEvent Start
$30.7302/21 10:53 PM EDTLatest Updated
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FAQ

Why Neutral?

The earnings report reveals mixed results: a significant GAAP net loss contrasts with positive adjusted earnings and a share repurchase, creating uncertainty. Historically, similar mixed announcements have led to moderate market reactions without triggering major price shifts.

How important is it?

The report's key financial metrics, including the adjusted net income and share repurchase, are significant. However, the mixed GAAP results moderate the overall impact sentiment.

Why Short Term?

Earnings announcements typically impact stock prices immediately as investors react to the latest financials. Past examples in similar earnings cycles have shown short-term volatility.

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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today reported financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Gross profit of $259 million GAAP net loss of $102 million, or $1.77 per diluted share Adjusted net income of $36 million, or $0.62 per diluted share Generated $120 million of operating cash flow Repurchased $43 million of common stock Adjusted EBITDA of $95 million Year-Over-Year Segment Profitability Aviation – Gross profit of.

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