Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 56

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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,342.1 2,970.6 Marine segment798.0 929.6 Total reportable segment assets5,639.6 6,448.5 Corporate and other414.4 283.3 Total assets$6,054.0 $6,731.8 

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14. Earnings Per Common ShareThe following table sets forth the computation of basic and diluted earnings per common share for the periods presented (in millions, except per share amounts):For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Numerator:Net income (loss) attributable to World Kinect$(339.4)$108.3 $(360.4)$135.7 Denominator:Weighted average common shares for basic earnings per common share56.0 59.8 56.5 59.9 Effect of dilutive securities— 0.2 — 0.4 Weighted average common shares for diluted earnings per common share56.0 60.0 56.5 60.3 Basic earnings (loss) per common share$(6.06)$1.81 $(6.38)$2.27 Diluted earnings (loss) per common share$(6.06)$1.81 $(6.38)$2.25 Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met1.6 1.3 1.6 1.2 

15. Restructuring and Exit Activities2025 Restructuring PlanDuring the first quarter of 2025, in alignment with the efforts to rationalize our assets and operations, we began a company-wide transformation initiative designed to further streamline our operating model and enhance organizational efficiency and effectiveness (the "2025 Restructuring Plan"). As part of this initiative, we undertook cost management actions in response to the current and projected business needs, including the closure of certain open positions and the elimination of other roles to better align the workforce with our current strategic priorities. As a result, we recognized restructuring charges of $15.0 million during the three months ended March 31, 2025, composed principally of severance costs.As a component of this company-wide transformation initiative, in June 2025, we launched a program intended to optimize our global finance and accounting operations. We