Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 125

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 and employee benefits112.4 122.9 General and administrative69.5 71.8 Goodwill and other asset impairments— 1.2 Restructuring charges4.9 — Total operating expenses186.8 195.8 Income (loss) from operations62.9 72.3 Non-operating income (expenses), net:Interest expense and other financing costs, net(25.9)(24.0)Other income (expense), net1.8 1.3 Total non-operating income (expense), net(24.0)(22.6)Income (loss) before income taxes38.8 49.6 Provision for income taxes10.7 14.6 Net income (loss) including noncontrolling interest28.1 35.0 Net income (loss) attributable to noncontrolling interest2.4 1.5 Net income (loss) attributable to World Kinect$25.7 $33.5 Basic earnings (loss) per common share$0.46 $0.57 Diluted earnings (loss) per common share$0.46 $0.57 

Revenue. Our consolidated revenue for the three months ended September 30, 2025 was $9.4 billion, a decrease of $1.1 billion, or 10%, compared to the three months ended September 30, 2024, attributable to decreased revenue of $616.0 million, $350.3 million, and $132.8 million in our land, aviation, and marine segments, respectively, as discussed further below.

Gross Profit. Our gross profit for the three months ended September 30, 2025 was $249.6 million, a decrease of $18.5 million, or 7%, compared to the three months ended September 30, 2024, attributable to decreased gross profit of $20.6 million and $11.7 million in our land and marine segments, respectively, partially offset by increased gross profit of $13.8 million in our aviation segment, as discussed further below.

Operating Expenses. Total operating expenses for the three months ended September 30, 2025 were $186.8 million, a decrease of $9.1 million, or 5%, compared to the three months ended September 30, 2024. The decrease in operating expenses was primarily attributable to lower compensation and employee benefit costs