Ken Hoexter

John Royall

Adam Rutkowski

Benjamin Nolan

Justin Jenkins

Pavel Molchanov

- World Kinect Corporation announced significant leadership changes, with **Ira Birns** appointed as the next CEO, **John Rau** as President, and **Mike Tejada** as CFO, effective January 1, 2026.  **[0000789460_2201325_1]** **[0000789460_2201325_2]** 
- For Q3 2025, consolidated volume was **4.3 billion gallons**, a 4% year-over-year decrease, and consolidated gross profit declined 7% to **$250 million**; however, aviation gross profit increased **11%** to **$143 million**.  **[0000789460_2201325_2]** 
- The company expects to close the acquisition of Universal Trip Support Services in Q4, anticipated to be **7% accretive to adjusted EPS** in the first 12 months, and generated strong Q3 operating cash flow of **$116 million** and free cash flow of **$102 million**.  **[0000789460_2201325_1]** **[0000789460_2201325_3]** **[0000789460_2201325_4]** **[0000789460_2201325_5]** 
- World Kinect projects Q4 2025 consolidated gross profit to be between **$237 million-$245 million** and operating expenses in the range of **$181 million-$187 million**.  **[0000789460_2201325_4]**

World Kinect Corporation Announces Leadership Transition and Q3 2025 Results

- World Kinect Corporation announced a significant leadership transition, with **Ira Birns elected CEO** and John Rau as President, effective January 1, 2026, and Mike Tejada succeeding Birns as CFO.  **[0000789460_2201305_1]** **[0000789460_2201305_2]** 
- For Q3 2025, consolidated gross profit was **$250 million**, a 7% year-over-year decline, which was below guidance, though operating expenses were **$181 million**, down 7% year-over-year and also below guidance, leading to operating income within the expected range.  **[0000789460_2201305_2]** **[0000789460_2201305_4]** 
- The company generated strong cash flow in Q3 2025, with **$116 million in operating cash flow** and **$102 million in free cash flow**, reducing its net debt to adjusted EBITDA ratio to under one times.  **[0000789460_2201305_4]** **[0000789460_2201305_5]** 
- World Kinect anticipates Q4 2025 consolidated gross profit to be between **$237 million and $245 million** and operating expenses in the range of **$181 million to $187 million**.  **[0000789460_2201305_4]** 
- The acquisition of Universal Weather and Aviation Trip Support Services, expected to close in Q4, is projected to be **7% accretive to adjusted EPS** in the first 12 months, with **$15 million in annual cost synergies** within two years.  **[0000789460_2201305_3]**

WORLD KINECT (WKC)