WKC News & Events

"2025 was a year of meaningful portfolio management, and our fourth quarter results reflect the financial impact of the actions we have taken to position the company for long-term growth and success," said Mike Tejada, Chief Financial Officer. "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. Our 2026 Adjusted EPS outlook reflects the benefits of these actions, continued strength in Aviation, and disciplined cost management across the organization."

Reports Q4 revenue $9.029B vs $9.761B last year. "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 Ira M. Birns, Chief Executive Officer. "While our fourth quarter results reflect the near-term impact of these actions, particularly in our Land segment, we believe our simplified business model and sharpened strategic focus position World Kinect to be more resilient and future-ready. As we begin the 2026 fiscal year, we have strong conviction that the strategic and operational actions underway will drive more robust and consistent performance and long-term value creation."

Reports Q3 revenue $9.39B, two estimates $9.38B. "I'm proud of what we've achieved during my tenure, and this quarter's results reflect our financial discipline and the strength of our team," said Michael J. Kasbar, Chairman and Chief Executive Officer. "As I will soon be stepping back from day-to-day operations, I'm confident in Ira and our leadership team to carry our strategy forward. I look forward to supporting the company's long-term vision as Executive Chairman and helping ensure we remain focused on delivering value to shareholders."

World Kinect announced a series of executive leadership appointments. Effective January 1, 2026, the board of directors has appointed Ira Birns as CEO and as a member of the board of directors. Birns succeeds Michael Kasbar, the company's chairman and CEO. Kasbar will transition to executive chairman of the board, effective January 1, 2026. Also effective January 1, 2026, John Rau, currently COO, has been promoted to president and will continue to oversee the company's global commercial operations. Mike Tejada, currently senior VP and chief accounting officer, is being promoted to executive VP and CFO effective immediately after the filing of the company's quarterly report on Form 10-Q for the period ending September 30.