Leadership Transition
The board has elected Ira M. Birns as the next CEO, effective January 1, 2026, marking a positive milestone for World Kinect Corporation.
Aviation Segment Growth
Aviation delivered double-digit earnings growth, with a gross profit increase of 11% year over year, driven by operations in Europe and increased government sales.
Universal Trip Support Acquisition
The acquisition of Universal Weather and Aviation's trip support service business is expected to be 7% accretive to adjusted earnings per share in the first twelve months.
Strong Cash Flow Generation
Operating cash flow of $116 million and free cash flow of $102 million were generated in the third quarter, contributing to year-to-date amounts of $259 million and $215 million, respectively.