World Fuel Services

World Fuel Services Corporation Declares Regular Quarterly Cash Dividend

Friday, May 22, 2020 - 10:45pm

World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on July 2, 2020 to shareholders of record on June 5, 2020.

Key Points: 
  • World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on July 2, 2020 to shareholders of record on June 5, 2020.
  • Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005461/en/

World Fuel Services Corporation Completes Acquisition of Universal Weather and Aviation’s UVair® Fuel Business

Wednesday, March 4, 2020 - 1:32pm

World Fuel Services Corporation (NYSE: INT) today announced that it has completed the previously announced acquisition of Universal Weather and Aviation, Inc.s UVair fuel business.

Key Points: 
  • World Fuel Services Corporation (NYSE: INT) today announced that it has completed the previously announced acquisition of Universal Weather and Aviation, Inc.s UVair fuel business.
  • We are pleased to welcome the UVair team to the World Fuel Services organization, stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation.
  • UVair, headquartered in Houston, Texas, serves business and general aviation customers at more than 5,000 locations worldwide.
  • While Universal will maintain its international trip planning services business, as part of the purchase of the UVair fuel business, Universal will now be working exclusively with World Fuel Services to provide fuel supply to their customers.

World Fuel Services Corporation Names Sharda Cherwoo to the Board of Directors

Wednesday, February 5, 2020 - 9:15pm

World Fuel Services Corporation (NYSE: INT) today announced the appointment of Sharda Cherwoo to the Board of Directors of the company.

Key Points: 
  • World Fuel Services Corporation (NYSE: INT) today announced the appointment of Sharda Cherwoo to the Board of Directors of the company.
  • We are extremely pleased to welcome Sharda to our board, said Michael J. Kasbar, chairman and chief executive officer.
  • Since October 2015, Ms. Cherwoo launched and spearheaded EYs Intelligent Automation program, with a focus on strategic direction, governance and risk management.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

World Fuel Services Corporation Declares Regular Quarterly Cash Dividend

Friday, November 22, 2019 - 9:15pm

World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on January 10, 2020 to shareholders of record on December 20, 2019.

Key Points: 
  • World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on January 10, 2020 to shareholders of record on December 20, 2019.
  • Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20191122005457/en/

World Fuel Services Corporation Declares Regular Quarterly Cash Dividend

Tuesday, September 10, 2019 - 9:15pm

World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on October 11, 2019 to shareholders of record on September 25, 2019.

Key Points: 
  • World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on October 11, 2019 to shareholders of record on September 25, 2019.
  • Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190910006029/en/

World Fuel Services Corporation to Acquire Universal Weather and Aviation’s UVair® Fuel Business

Thursday, August 22, 2019 - 1:00pm

World Fuel Services Corporation (NYSE: INT) today announced that a wholly-owned subsidiary of the company has signed a definitive agreement with Universal Weather and Aviation, Inc. (Universal) to acquire Universals UVair fuel business.

Key Points: 
  • World Fuel Services Corporation (NYSE: INT) today announced that a wholly-owned subsidiary of the company has signed a definitive agreement with Universal Weather and Aviation, Inc. (Universal) to acquire Universals UVair fuel business.
  • While Universal will maintain its international trip planning services business, the agreement to purchase the UVair fuel business also includes an agreement for Universal to work exclusively with World Fuel to provide fuel supply to their customers.
  • We are excited to announce this strategic acquisition, which will further enhance our global business and general aviation fuel platform, stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

World Fuel Services Corporation to Increase Quarterly Dividend by 66%

Wednesday, May 8, 2019 - 9:47pm

World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has approved a 66% increase to its quarterly cash dividend to $0.10 per share, which is expected to be declared for the next regular quarterly dividend payable in July 2019.

Key Points: 
  • World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has approved a 66% increase to its quarterly cash dividend to $0.10 per share, which is expected to be declared for the next regular quarterly dividend payable in July 2019.
  • We expect to accomplish this in 2019 through a combination of a dividend increase and share repurchases from time to time.
  • Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

World Fuel Services Corporation Reports First Quarter 2019 Results

Thursday, April 25, 2019 - 9:58pm

World Fuel Services Corporation (NYSE: INT)

Key Points: 
  • World Fuel Services Corporation (NYSE: INT)
    Total gross profit of $251.1 million, up 3% year-over-year
    GAAP net income of $42.8 million, or $0.64 per diluted share
    Adjusted net income of $44.5 million, or $0.66 per diluted share
    Adjusted EBITDA of $94.8 million, up 17% year-over-year
    We are pleased to announce a solid start to the year with all three segments delivering strong results, stated Michael J. Kasbar, Chairman and Chief Executive Officer of World Fuel Services Corporation.
  • Our aviation segment generated gross profit of $114.3 million in the first quarter, an increase of 4% year-over-year, primarily driven by strong results in our government-related and international fueling operations.
  • Total operating expenses, excluding acquisition and restructuring-related costs, were $178.8 million in the first quarter of 2019 and our operating expense ratio declined to 71.1% from 74.5% in the first quarter of 2018.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

World Fuel Services Connects its Global Workforce and Reimagines Digital Customer Engagement with Box

Wednesday, April 3, 2019 - 5:00pm

Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced that World Fuel Services, a leader in the energy industry, selected Box to be the content layer for its IT infrastructure of best-of-breed cloud applications, centralize content management across its global workforce, and reimagine customer engagement models and digital business processes.

Key Points: 
  • Box, Inc. (NYSE: BOX), a leader in cloud content management, today announced that World Fuel Services, a leader in the energy industry, selected Box to be the content layer for its IT infrastructure of best-of-breed cloud applications, centralize content management across its global workforce, and reimagine customer engagement models and digital business processes.
  • World Fuel Services provides energy, logistics, and technology solutions for customers in the aviation, marine, and land transportation industries.
  • We are thrilled to be a strategic technology partner to World Fuel Services, powering content management and global collaboration for their employees, partners, and clients.
  • As part of World Fuel Services plan to digitize business processes, including secure invoice transmission and fuel ticketing, its IT organization purchased Box through Boxs strategic partnership with IBM.

World Fuel Services Corporation Declares Regular Quarterly Cash Dividend

Friday, March 8, 2019 - 9:51pm

World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.06 per share payable on April 12, 2019 to shareholders of record on March 22, 2019.

Key Points: 
  • World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.06 per share payable on April 12, 2019 to shareholders of record on March 22, 2019.
  • Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries.
  • World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190308005509/en/