WORLD FUEL SERVICES CORP Stock Price, News & Analysis

World Fuel Services Corporation (NYSE:INT) announced a 17% increase in its quarterly cash dividend to $0.14 per share, effective October 7, 2022, for shareholders of record on September 23, 2022. Executive Vice President and CFO, Ira M. Birns, emphasized this decision as a sign of the company's confidence in its growth and cash generation capabilities. The announcement reflects a commitment to long-term value generation for shareholders.

World Fuel Services Corporation (NYSE: INT) reported strong second-quarter 2022 results with a total gross profit of $253.4 million, marking a 38% year-over-year increase. The GAAP net income was $24.4 million or $0.39 per diluted share, while adjusted earnings reached $25.8 million or $0.41 per share. The aviation segment's gross profit decreased by 40% to $52.8 million, but volumes rebounded to 85% of pre-pandemic levels. The marine segment excelled with a 244% increase in gross profit, driven by high bunker fuel prices. The company emphasized its diversified business model amid market volatility.

World Fuel Services Corporation (NYSE:INT) will hold a conference call on July 28, 2022 at 5:00 PM Eastern Time to discuss its second quarter results and forward-looking information. The results will be released after market close on the same day. Participants can pre-register on the company's website for phone access, or listen via live webcast. An archived version of the webcast will be available for a limited time post-call. The company provides global energy management services and operates over 8,000 locations in more than 200 countries.

World Fuel Services Corporation (NYSE:INT) has declared a quarterly cash dividend of $0.12 per share. This dividend will be payable on July 1, 2022, to shareholders recorded as of June 3, 2022. The Miami-based global energy management company provides diverse solutions including energy procurement, supply fulfillment, and transaction management across various industries, including aviation and marine.

World Fuel Services Corporation (NYSE: INT) reported a strong first quarter for 2022, achieving a total gross profit of $230.9 million, a 21% increase year-over-year. GAAP net income reached $26.3 million, translating to $0.41 per diluted share. The aviation segment faced challenges with a 16% decrease in gross profit, totaling $64.2 million, primarily due to inventory losses and reduced government activity in Afghanistan. Conversely, the marine segment saw an impressive 85% increase to $47.0 million, while the land segment's gross profit rose 34% to $119.8 million following its acquisition of Flyers Energy.

World Fuel Services Corporation (NYSE: INT) will host a conference call on April 28, 2022, at 5:00 PM Eastern Time to discuss its first quarter results. The financial results will be released post-market on the same date. Interested participants can access the conference via telephone at (833) 562-0141 for U.S. and Canada, or (661) 567-1221 internationally. A live webcast will also be available on the company’s website, with an archive to remain accessible until May 12, 2022.

World Fuel Services Corporation (NYSE: INT) has amended its unsecured credit facility, increasing the total to $2 billion and extending the maturity to April 2027. This amendment aims to enhance financial flexibility and support strategic growth objectives. The company appreciates its lenders' support, highlighting the new covenant provisions designed to bolster operational capabilities.

World Fuel Services Corporation (NYSE:INT) announced a quarterly cash dividend of $0.12 per share, scheduled for payment on April 8, 2022. Shareholders on record as of March 25, 2022 will receive the dividend. The company, headquartered in Miami, Florida, provides energy procurement, supply fulfillment, and management solutions, primarily serving aviation, marine, and land transportation industries. They also offer services in natural gas, electricity, and renewable energy alternatives across over 200 countries.