World Kinect Corporation Reports First Quarter 2026 Results
World Kinect Corporation (WKC)
Company Research
Source: Business Wire
Strong First Quarter 2026 Results and Raises Fiscal Year 2026 Adjusted EPS Guidance MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) today reported financial results for the first quarter of 2026.First Quarter 2026 HighlightsGross profit of $271 millionAdjusted gross profit of $254 millionGAAP net income of $26 million, or $0.50 per diluted shareAdjusted net income of $39 million, or $0.75 per diluted shareAdjusted EBITDA of $94 millionRepurchased $75 million of common stockReportable Segment Year-Over-Year HighlightsAviation SegmentFirst quarter 2026 gross profit was $138 million, an increase of 20%, primarily attributable to the contribution from our acquisition of Universal Weather and Aviation's Trip Support Services division in the fourth quarter of 2025 as well as increased contributions from our core resale business, principally in Europe, and government activity.Land SegmentFirst quarter 2026 gross profit was $67 million, a decrease of 16%, principally due to th
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- World Kinect Corporation to Host First Quarter 2026 Earnings Conference Call on April 23, 2026Business Wire
- World Kinect (WKC) was upgraded by Zacks Research from "strong sell" to "hold".MarketBeat
- World Kinect Corporation Declares Regular Quarterly Cash DividendBusiness Wire
- World Kinect (WKC) had its price target lowered by Morgan Stanley from $27.00 to $25.00. They now have an "underweight" rating on the stock.MarketBeat
- World Kinect (WKC) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat