World Kinect Corp Files 8-K

TL;DR

WKCT filed an 8-K on 3/13, standard disclosure, nothing major reported.

AI Summary

World Kinect Corporation (formerly World Fuel Services Corp) filed an 8-K on March 13, 2024. The filing is related to Regulation FD Disclosure and indicates no specific material events beyond routine reporting requirements as of that date. The company is incorporated in Florida and its principal executive offices are located in Miami.

Why It Matters

This 8-K filing by World Kinect Corporation serves as a notification to the SEC and investors about the company's regulatory compliance and potential disclosures. It confirms the company's operational status and reporting adherence.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for Regulation FD disclosure, indicating no immediate significant events or changes.

Key Numbers

• 001-09533 — Commission File Number (Identifies the company's SEC filing history)
• 59-2459427 — I.R.S. Employer Identification No. (Company's tax identification number)

Key Players & Entities

• World Kinect Corporation (company) — Registrant
• World Fuel Services Corp (company) — Former company name
• March 13, 2024 (date) — Date of report
• Miami, Florida (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share WKC New York Stock Exchange
• $480 — 026; adjusted EBITDA growth to between $480 – 520 million annually by 2026; and $9
• $900 million — 80 – 520 million annually by 2026; and $900 million – $1.2 billion of total free cash flow
• $1.2 billion — n annually by 2026; and $900 million – $1.2 billion of total free cash flow over the next f

Filing Documents

• int-20240313.htm (8-K) — 37KB
• 0001628280-24-010799.txt ( ) — 161KB
• int-20240313.xsd (EX-101.SCH) — 2KB
• int-20240313_lab.xml (EX-101.LAB) — 21KB
• int-20240313_pre.xml (EX-101.PRE) — 12KB
• int-20240313_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. As previously announced, World Kinect Corporation (NYSE: WKC) (the "Company") is hosting today its 2024 Investor Day, during which the Company plans to discuss its unique position in a large and growing market and its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns. The Company will also introduce the following medium-term financial targets: 30% adjusted operating margin target by 2026; adjusted EBITDA growth to between $480 – 520 million annually by 2026; and $900 million – $1.2 billion of total free cash flow over the next five years, with approximately 40% of that total free cash flow targeted for return to shareholders through buybacks and dividends. Webcast and Supplemental Materials Participants can access the live webcast or participate in person by registering using the following link https://irday.worldkinect.com/registration. A replay of the webcast will be available on our Investor Relations website at https://ir.worldkinect.com. Non-GAAP Financial Measures Adjusted operating margin, adjusted EBITDA and free cash flow are non-GAAP metrics. Our non-GAAP financial measures exclude acquisition and divestiture related expenses, restructuring charges, impairments, gains or losses on the extinguishment of debt, gains or losses on sale of businesses, integration costs associated with our acquisitions, and non-operating legal settlements, primarily because we do not believe they are reflective of our core operating results. Adjusted operating margin is computed by dividing adjusted income from operations by adjusted gross profit. Adjusted income from operations is defined as income from operations excluding the impact of acquisition and divestiture related expenses, restructuring charges, impairments and integration costs. Adjusted gross profit is defined as gross profit excluding the impact of costs associated with o

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 13, 2024 World Kinect Corporation /s/ Ira M. Birns Ira M. Birns Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR