World Kinect Corporation reported fourth‑quarter 2025 revenue of $9.029 billion, a 7% decline from the $9.76 billion earned in Q4 2024. Gross profit for the quarter was $235 million, down from $259 million in the same period last year, and adjusted diluted earnings per share were $0.30, missing the consensus estimate of $0.47 by $0.17 per share. The company’s full‑year 2025 revenue totaled $36.917 billion, a 12% drop from $42.17 billion in 2024, while full‑year gross profit fell to $948 million. Adjusted diluted EPS for the year was $1.91, below the $2.18 reported in 2024.
The company posted a GAAP operating loss of $275.9 million for Q4 2025, but adjusted operating expenses were $186 million, reflecting the impact of one‑time charges. For the full year, GAAP operating loss widened to $1.513 billion, whereas adjusted operating expenses were $718 million. Non‑cash goodwill and other asset impairments totaled $246 million, and restructuring costs were $77 million, both of which contributed to the higher operating loss figures.
World Kinect’s FY2026 adjusted diluted EPS guidance of $2.20 to $2.40 represents a significant upside over the $1.91 reported for 2025, though it sits slightly below the consensus estimate of $2.41. Management attributes the guidance to the completion of the Land‑segment repositioning, the acquisition of Universal TSS in the aviation space, and disciplined cost management across the organization. The guidance signals confidence that the company’s strategic shift will translate into higher earnings once the one‑time charges are absorbed.
"2025 marked the beginning of a strategic transformation for World Kinect as we realign our portfolio around our core strengths and highest return growth opportunities," said CEO Ira M. Birns. "Having substantially completed the repositioning of the Land portfolio, we have strengthened the quality and durability of our earnings base and have begun 2026 with greater alignment and focus on our go‑forward strategy," added CFO Mike Tejada. The executives emphasized that the company’s focus on aviation and disciplined cost control will underpin the FY2026 outlook.
The Land segment’s repositioning has shifted the company’s mix toward higher‑margin aviation services, while the Marine segment continues to face headwinds from market softness and competitive pricing. Despite the revenue decline, the aviation business remains a growth engine, supported by the Universal TSS acquisition and ongoing demand for time‑critical, high‑value shipments. The company’s strategic pivot is expected to improve operating margins and stabilize earnings as the new portfolio matures.
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