World Kinect | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 9.392 B

LB filings
2025.10.24 16:07
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Revenue: As of FY2025 Q3, the actual value is USD 9.392 B, beating the estimate of USD 9.379 B.

EPS: As of FY2025 Q3, the actual value is USD 0.46, missing the estimate of USD 0.62.

EBIT: As of FY2025 Q3, the actual value is USD 88.8 M.

Aviation Segment

  • Revenue: $4,868.1 million for Q3 2025, a decrease of $350.3 million compared to Q3 2024.
  • Gross Profit: $142.8 million for Q3 2025, an increase of $13.8 million compared to Q3 2024.
  • Operating Expenses: $65.7 million for Q3 2025, an increase of $5.3 million compared to Q3 2024.
  • Income from Operations: $77.1 million for Q3 2025, an increase of $8.4 million compared to Q3 2024.
  • Operational Metrics: Volumes were 1,829.1 million gallons for Q3 2025, a decrease of 75.5 million gallons compared to Q3 2024. Average price per gallon was $2.42 for Q3 2025, a decrease of $0.11 compared to Q3 2024.

Land Segment

  • Revenue: $2,535.6 million for Q3 2025, a decrease of $616.0 million compared to Q3 2024.
  • Gross Profit: $81.4 million for Q3 2025, a decrease of $20.6 million compared to Q3 2024.
  • Operating Expenses: $69.6 million for Q3 2025, a decrease of $17.1 million compared to Q3 2024.
  • Income from Operations: $11.7 million for Q3 2025, a decrease of $3.4 million compared to Q3 2024.
  • Operational Metrics: Volumes were 1,382.5 million gallons for Q3 2025, a decrease of 113.1 million gallons compared to Q3 2024. Average price per gallon was $1.83 for Q3 2025, a decrease of $0.27 compared to Q3 2024.

Marine Segment

  • Revenue: $1,988.1 million for Q3 2025, a decrease of $132.8 million compared to Q3 2024.
  • Gross Profit: $25.5 million for Q3 2025, a decrease of $11.7 million compared to Q3 2024.
  • Operating Expenses: $20.7 million for Q3 2025, a decrease of $1.5 million compared to Q3 2024.
  • Income from Operations: $4.7 million for Q3 2025, a decrease of $10.2 million compared to Q3 2024.
  • Operational Metrics: Volumes were 4.1 million metric tons for Q3 2025, an increase of 0.1 million metric tons compared to Q3 2024. Average price per metric ton was $489.90 for Q3 2025, a decrease of $46.93 compared to Q3 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue optimizing its global finance and accounting operations, expecting to complete transition activities by Q4 2026. This initiative is projected to result in cost savings of approximately $80 million over the five-year period from 2026 through 2030.
  • Non-Core Business: The company has undertaken actions to exit certain operations, including the rationalization of assets and personnel within its North American land business and the disposal of operations in Brazil. Additionally, the company completed the sale of WFL (UK) Ltd. (Watson Fuels) for total proceeds of $42.8 million.
  • Priority: The company expects to recognize an additional $10.1 million in transition costs and one-time charges associated with planned initiatives during Q4 2025 and the year ending December 31, 2026.
Source: LB filings The copyright of this article belongs to the original author/organization.
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