Adam Rutkowski

Adam Rutkowski asked about World Kinect's Land segment performance, including market conditions and transportation inefficiencies, the expected accretion and synergy timeline for the Universal Trip Support Services acquisition, the company's strategy for balancing portfolio sharpening with M&A opportunities, and potential areas for variable cost efficiencies.

Answer

President and CFO Ira Birns detailed strategies to improve the Land segment's profitability, including exploring different delivery management approaches and potential market exits, with more details expected in Q4. He explained that the Universal acquisition's 7% EPS accretion would be fairly ratable monthly, with additional synergies materializing over a two-year period after the first 12 months. Birns also discussed balancing current integration and restructuring efforts with future M&A opportunities in 2026, and highlighted the global finance transformation initiative as a key driver for future cost efficiencies, alongside other operational improvements.

Adam Rutkowski inquired about additional areas for variable cost efficiencies and operational improvements beyond the Land segment.

Answer

Ira Birns, President and CFO, highlighted the global finance transformation initiative, expected to yield several million dollars in benefits starting in 2026, and mentioned similar past efforts in IT, emphasizing a continuous search for efficiencies across all functions to save money and enhance business value.