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World Fuel Services Corp
F:WFK

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World Fuel Services Corp
F:WFK
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Price: 22.8 EUR 2.7% Market Closed
Market Cap: 1.3B EUR

World Fuel Services Corp
Investor Relations

World Fuel Services Corporation, a name that resonates with global energy markets, navigates the intricate web of fuel procurement, distribution, and logistics with a deft hand. Founded in 1984, the company has charted a course through the energy sector’s turbulent waters by providing fuel solutions across land, sea, and air. Headquartered in Miami, Florida, World Fuel Services operates in over 200 countries and territories, making it a truly global enterprise. Its business model is akin to that of a seasoned mariner, leveraging a deep understanding of the market to deliver customized fuel, energy, and logistics services. This involves not just the sourcing and supply of traditional fuels like jet fuel and marine bunkers but also extends to natural gas and energy advisory services, which cater to the evolving needs of its diverse clientele.

At the heart of World Fuel Services' revenue engine lies its role as an intermediary, a vital link between energy producers and the vast expanse of customers ranging from airlines and shipping companies to industrial and government clients. The company's strategic prowess is evident in its ability to capitalize on its extensive network and robust supply chain to deliver competitive pricing and tailored energy solutions. Rather than merely selling fuel, it offers a suite of services that includes price risk management, logistical support, and sustainability consulting. This multifaceted approach not only mitigates the complexities involved in energy procurement but also positions World Fuel Services as a trusted partner capable of navigating the fluctuating tides of global energy markets. By synthesizing traditional fuel services with innovative energy solutions, the company continues to bolster its market position while adapting to the dynamic landscape of the energy industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Leadership Transition: Ira Birns will become CEO effective January 1, 2026, with other key executive changes announced.

Aviation Strength: Aviation delivered double-digit earnings growth; gross profit rose 11% year-over-year to $143 million, driven by Europe and government sales.

Universal Trip Support Acquisition: Acquisition expected to close in Q4, will be 7% accretive to earnings per share in the first year and deliver $15 million of annual cost synergies within 2 years.

Land Segment Challenges: Land volumes and gross profit declined due to recent business exits and continued inefficiencies; further portfolio sharpening is underway.

Marine Weakness: Marine gross profit down 32% year-over-year due to low fuel prices and volatility, though cash generation remains strong.

Cost Discipline: Operating expenses fell 7% year-over-year, coming in below guidance due to effective cost controls.

Q4 Guidance: Consolidated gross profit expected between $237–245 million; operating expenses expected at $181–187 million.

Strong Cash Flow: $116 million in operating cash flow and $102 million in free cash flow generated in Q3.

Key Financials
Consolidated Volume
4.3 billion gallons
Consolidated Gross Profit
$250 million
Operating Expenses
$181 million
Aviation Volume
1.8 billion gallons
Aviation Gross Profit
$143 million
Land Gross Profit
$81 million
Interest Expense
$26 million
Adjusted Effective Tax Rate
27%
Operating Cash Flow
$116 million
Free Cash Flow
$102 million
Year-to-date Operating Cash Flow
$259 million
Year-to-date Free Cash Flow
$215 million
Shareholder Returns
$214 million since the beginning of 2024
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael J. Kasbar
Chairman, CEO & President
No Bio Available
Mr. Ira M. Birns CPA
Executive VP & CFO
No Bio Available
Mr. John Peter Rau
Executive Vice President of Global Aviation, Land & Marine
No Bio Available
Mr. Jose-Miguel Tejada
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Josh McLean
Chief Information Officer
No Bio Available
Elsa Ballard
Vice President of Investor Relations & Communications
No Bio Available
Mr. Fernando Casadevall
Chief Human Resources Officer
No Bio Available
Mr. Robert Alexander Lake Jr.
Executive Vice President
No Bio Available
Mr. Wade N. DeClaris
Chief Commercial Officer
No Bio Available
Ms. Amy Quintana Avalos
Senior VP, Chief Sustainability Business Officer & Corporate Secretary
No Bio Available

Contacts

Address
FLORIDA
Doral
9800 NW 41st St
Contacts
+13054288000.0
www.wfscorp.com