Q1 2026 World Kinect Corp Earnings Call Transcript

Apr 23, 2026 / 09:00 PM GMT

Release Date Price: $23.54 (+1.55%)

Transcript 10-Q8-K

Key Points

Positve

World Kinect Corp (WKC) delivered a strong start to 2026, driven by strong execution and benefits from a focused portfolio strategy.
Marine segment performed exceptionally well, with gross profit up 86% year-over-year, marking the third-best quarter on record.
Aviation exceeded expectations with a 20% year-over-year increase in gross profit, driven by favorable market conditions and the Universal Trip Support acquisition.
The company successfully executed its portfolio optimization strategy, enhancing financial flexibility and focusing on areas with more predictable and attractive returns.
WKC maintained strong customer and supplier relationships, leveraging its global platform and strong balance sheet to capture market-driven opportunities.

Negative

First-quarter volume was down 6% year-over-year, indicating a decline in overall sales volume.
Land segment experienced a 50% decline in volume and a 38% drop in gross profit year-over-year due to portfolio actions and business exits.
Operating expenses increased by 2% year-over-year, partly due to higher variable compensation costs.
Net interest expense rose due to reduced interest income and increased working capital requirements.
The company faced challenges from the conflict in the Middle East, impacting market dynamics and creating uncertainty in future projections.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WKC.N - World Kinect Corp
Q1 2026 World Kinect Corp Earnings Call
Apr 23, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by, and welcome to WorldConnect Corporation's First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode.

After the speaker presentation, there will be a question-and-answer session.

To ask a question during the session, you will need to press *11 on your telephone. To remove yourself from the queue, you may press *11 again.

I would now like to hand the call over to Braulio Medrano, Senior Director of FP&A and Investor Relations.

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Unidentified_2 [2]
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Good afternoon

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