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05.06.25 - 22:18
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World Kinect Corporation Increases Regular Quarterly Cash Dividend by 18% (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today 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.
“Over the past five years we have returned nearly $500 million to shareholders through dividends and share repurchases,” said Ira M. Birns, President and Chief Financial Officer. “Our dividend increase demonstrates our continued commitment to maximizing shareholder value and returning capital to our shareholders.”
About World Kinect Corporation
Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along ...
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25.04.25 - 14:09
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World Kinect Corporation Announces Promotion of Ira M. Birns to President and John P. Rau to Chief Operating Officer (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today 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 and John Rau have demonstrated outstanding business leadership and operational capabilities throughout their careers and I am optimistic about their ability to navigate and steward the continuing evolution of our global energy distribution and solutions business,” Kasbar said.
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 glo...
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24.04.25 - 22:18
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World Kinect Corporation Reports First Quarter 2025 Results (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today reported financial results for the first quarter of 2025.
First Quarter 2025 Highlights
Gross profit of $230 million
GAAP net loss of $21 million, or $0.37 per diluted share
Adjusted net income of $27 million, or $0.48 per diluted share
Generated $114 million of operating cash flow
Repurchased $10 million of common stock
Adjusted EBITDA of $80 million
Year-Over-Year Segment Profitability
Aviation – Gross profit of $116 million, an increase of 7%, primarily attributable to improved performance from our operated airport locations in Europe, our physical inventory business, and our business and general aviation activities, partially offset by a decrease in gross profit attributable to the Avinode sale, which closed during the second quarter of 2024.
Land – Gross profit of $79 million, a decrease of 19%, primarily attributable to lower profit contribution from our liquid fuel business in North America, as a result of industry trends and re...
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24.04.25 - 01:36
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World Kinect Corporation Names Jeffrey M. Kottkamp to the Board of Directors (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today announced the appointment of Jeffrey M. Kottkamp to the Board of Directors of the company.
“We are delighted to have Jeff join our Board of Directors,” said Michael J. Kasbar, chairman and chief executive officer. “He is an accomplished audit and financial services executive who brings a wealth of accounting and regulatory expertise. Jeff's financial knowledge and auditing and control experience will be a strategic asset to our 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 a...
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14.04.25 - 22:18
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World Kinect Corporation to Host First Quarter 2025 Earnings Conference Call on April 24, 2025 (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) invites you to participate in a conference call with its management team on Thursday, April 24, 2025, at 5:00 p.m. ET to discuss the company's first quarter 2025 results, as well as certain forward-looking information. The company plans to release its first quarter 2025 results after the market closes on the same date.
Participants can access the live webcast by visiting the company's website at ir.worldkinect.com/events. An on-demand replay of the webcast will be available shortly after the call.
About World Kinect Corporation
Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along with a broad suite of sustainability-related products and services.
For more information...
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14.03.25 - 21:18
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World Kinect Corporation Declares Regular Quarterly Cash Dividend (Business Wire)
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MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today 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.
About World Kinect Corporation
Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along with a broad suite of sustainability-related products and services.
For more information, visit www.world-kinect.com.
Contacts
Ira M. Birns, Executive Vice President & Chief Financial Officer
Braulio Medrano, Senior Director of FP&A and Investor Relations
investor@worldkinect.com...
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