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WORLD KINECT (WKC)

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Earnings summaries and quarterly performance for WORLD KINECT.

Recent press releases and 8-K filings for WKC.

World Kinect Corporation Extends $2 Billion Credit Facility
WKC
Debt Issuance
  • World Kinect Corporation (WKC) announced the amendment and extension of its $2 billion senior unsecured credit facility on November 10, 2025.
  • The maturity date for the credit facility has been extended to November 2030, with an option for further extension to November 2031, subject to lender consent.
  • The amended facility includes improved pricing terms and expanded covenant flexibility.
Nov 13, 2025, 10:15 PM
World Kinect Corporation Extends $2 Billion Credit Facility
WKC
Debt Issuance
New Projects/Investments
  • World Kinect Corporation (WKC) has extended its $2 billion senior unsecured credit facility, which includes both a revolving credit facility and a term loan.
  • The maturity date for the credit facility has been extended to November 2030, with an option to further extend to November 2031.
  • The amended facility includes improved pricing terms and expanded covenant flexibility to support the company's capital allocation priorities and growth plans.
Nov 11, 2025, 9:15 PM
World Kinect Corporation Announces Leadership Transition and Q3 2025 Results
WKC
Management Change
Earnings
M&A
  • 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.
  • 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.
  • 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.
  • 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.
Oct 23, 2025, 9:00 PM
World Kinect Corporation Announces Leadership Changes and Q3 2025 Results
WKC
CEO Change
Earnings
M&A
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
Oct 23, 2025, 9:00 PM