$36.070
-0.678 (-1.88%)At close
WKC News
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World Fuel Announces Change in Board Chairman
World Kinect, operating as World Fuel, announced that Michael Kasbar will step down as Executive Chairman and that independent director Ken Bakshi has been appointed Chairman of the Board. The changes will be effective December 31, 2026. Bakshi has served on World Fuel's Board of Directors since 2002
Company Reports Q2 Revenue of $13.59B
Reports Q2 revenue $13.59B, consensus $10.51B.
Company Raises Full-Year Adjusted EPS Guidance and Increases Dividend by 15%
"Our second quarter results were very strong, driven by favorable market conditions and the benefits of our streamlined portfolio," said Mike Tejada, Executive Vice President and Chief Financial Officer. "This performance, together with our expectations for the balance of the year, enabled us to raise our full-year Adjusted EPS guidance for the second time this year, while returning capital to shareholders through a 15% dividend increase and additional share repurchases."
Dividend Payable on July 16, 2026
The dividend is payable on July 16, 2026 to shareholders of record on June 30, 2026.
Middle East Turbulence Leads to Dow and S&P 500 Decline
Turbulence in the Middle East - including attacks by Iranian gunboats on cargo ships and a sense of ongoing tensions between Lebanon and Israel impacting U.S.-Iran diplomacy - has given traders the green light to scale back on risk, sending Dow Industrials and S&P 500 down by 0.4% on Thursday. Nasdaq Composite fell by a wider margin, with Tech especially weak on heavy selling in Software Infrastructure as well as Applications. More defensive areas of the market such as Consumer Staples and Utilities were largely higher however, with Industrials being paced by United Rentals'23% post-earnings jump.In the opening hour of the evening session however, Tech is being boosted by a blowout earnings report from Intel, with Nasdaq 100 up 0.5% and S&P e-minis up a decimal. In commodities, WTI Crude Oil remains bid above $96 per barrel. Precious metals, meanwhile, continue to trade in a month-long sideways pattern, with Gold above 4,700 and Silver holding above $75.50 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -MaxLinearup 31.6%World Kinectup 22.5%Intelup 19.2%; Other semis up in sympathy: Alpha and Omega Semiconductorup 5.7%, Qualcommup 0.9%Carlisle Companiesup 7.2%SAP SEup 6.9%Comfort Systemsup 6.3%Edwards LifesciencesRobert Halfup 3.1%AppFolioup 2.4%Verisignup 1.5%Newmontup 0.9%DOWN AFTER EARNINGS -Courseradown 11.9%Boyd Gamingdown 4.9%SS&C Technologiesdown 2.1%
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