OverviewSuggest Edit

World Fuel Services is an energy management company. It provides energy procurement advisory, supply fulfillment and transaction, and payment management solutions to commercial and industrial customers in the aviation, marine, and transportation industries. It also offers domain expertise in all aspects of aviation, marine and land fuel management. World Fuel Services provides transaction management services which consist of card payment solutions and merchant processing services to customers in the aviation, marine, and land transportation industries.

TypePublic
Founded1984
HQDoral, FL, US
Websitewfscorp.com
Employee Ratings2.8
Overall CultureC

Latest Updates

Employees (est.) (Feb 2020)5,500(+10%)
Revenue (FY, 2019)$36.8 B(-7%)
Share Price (Jan 2021)$31.9 (-3%)
Cybersecurity ratingBMore

Key People/Management at World Fuel Services

Michael J. Kasbar

Michael J. Kasbar

Chairman and Chief Executive Officer
Ira M. Birns

Ira M. Birns

Executive Vice President and Chief Financial Officer
Jorge L. Benitez

Jorge L. Benitez

Director
Ken Bakshi

Ken Bakshi

Director
John P. Rau

John P. Rau

Executive Vice President of Global Aviation and Marine
Stephen J. Gold

Stephen J. Gold

Director
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World Fuel Services Office Locations

World Fuel Services has offices in Doral, Albert Lea, Anacortes, Bayside and in 64 other locations
Doral, FL, US (HQ)
9800 NW 41st St
Albert Lea, MN, US
2020 Pioneer Trail
Anacortes, WA, US
9669 Padilla Heights Rd
Bayside, WI, US
555 W Brown Deer Rd #200
Broken Arrow, OK, US
721 W Queens St
Cockeysville, MD, US
4 N Park Dr #412
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World Fuel Services Financials and Metrics

World Fuel Services Revenue

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World Fuel Services's revenue was reported to be $36.82 b in FY, 2019 which is a 7.4% decrease from the previous period.
USD

Revenue (Q2, 2020)

3.2b

Gross profit (Q2, 2020)

213.8m

Gross profit margin (Q2, 2020), %

6.8%

Net income (Q2, 2020)

(10.7m)

EBIT (Q2, 2020)

11.9m

Market capitalization (15-Jan-2021)

2.0b

Closing stock price (15-Jan-2021)

31.9

Cash (30-Sept-2020)

572.7m

EV

2.0b
World Fuel Services's current market capitalization is $2 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

33.7b39.8b36.8b

Revenue growth, %

25%18%(7%)

Cost of goods sold

32.8b38.7b35.7b

Gross profit

932.2m1.0b1.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

9.2b10.2b10.4b8.7b9.5b9.3b8.0b3.2b

Cost of goods sold

8.9b9.9b10.2b8.4b9.2b9.0b7.8b2.9b

Gross profit

243.4m246.1m266.7m251.1m268.6m305.7m258.8m213.8m

Gross profit Margin, %

3%2%3%3%3%3%3%7%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

372.3m211.7m186.1m

Accounts Receivable

2.7b2.7b2.9b

Prepaid Expenses

64.4m65.7m80.6m

Inventories

505.0m523.1m593.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

152.9m187.6m142.1m194.0m218.1m218.5m537.0m645.7m572.7m

Accounts Receivable

2.7b3.0b3.1b2.7b2.7b2.7b2.0b1.4b1.2b

Prepaid Expenses

58.0m59.8m78.9m55.3m70.6m68.4m59.3m72.7m56.3m

Inventories

590.2m559.2m679.3m598.7m555.8m582.1m332.8m308.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(170.3m)129.0m181.1m

Depreciation and Amortization

86.0m81.5m87.4m

Inventories

(43.9m)(11.8m)(61.3m)

Accounts Payable

451.2m171.3m143.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

31.3m60.5m99.2m37.3m74.9m124.3m41.6m31.0m113.4m

Depreciation and Amortization

18.8m38.4m59.0m22.3m43.1m64.2m21.8m44.2m66.3m

Inventories

(84.8m)(56.7m)(177.1m)(83.4m)(40.4m)(53.4m)245.3m282.8m299.4m

Accounts Payable

(50.9m)301.0m554.0m(10.9m)70.0m36.6m(1.1b)(1.5b)(1.3b)
USDFY, 2017

EV/EBIT

53.5 x

EV/CFO

11.9 x

EV/FCF

16.1 x

Revenue/Employee

6.7m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

3.2 x

P/E Ratio

(11.2)
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World Fuel Services Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Facilities

22 20 18 18

Sales Volume (Aviation), gallons

7.10 b7.90 b8.20 b8.50 b

Sales Volume (Land), gallons

5.40 b5.90 b5.60 b5.50 b

Sales Volume (Marine), metric tons

31.40 m26.50 m23.70 m20.90 m
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World Fuel Services Acquisitions / Subsidiaries

Company NameDateDeal Size
Associated Petroleum ProductsJune 23, 2016
PapcoJune 23, 2016
KTM IncDecember 31, 2015
Bergen Energi ABNovember 02, 2015
Pester Marketing CompanyOctober 30, 2015
Avinode ABApril 14, 2015
Wilhelmsen Marine Fuels (WMF)December 02, 2014
Colt InternationalJuly 14, 2014$63 m
Watson PetroleumJanuary 06, 2014£117 m
U.S. Energy Services , Inc.August 16, 2013
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World Fuel Services Revenue Breakdown

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World Fuel Services revenue breakdown by business segment: 21.9% from Marine, 27.9% from Land and 50.2% from Aviation

World Fuel Services revenue breakdown by geographic segment: 25.1% from EMEA, 9.9% from Americas, excluding United States, 12.4% from Asia Pacific and 52.6% from United States

World Fuel Services Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

World Fuel Services Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

World Fuel Services Online and Social Media Presence

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World Fuel Services Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    D

    60/100

  • Compensation

    A+

    100/100

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World Fuel Services Blogs

Communication on Progress for the UN Global Compact

World Fuel Services Corporation 9800 NW 41st Street Suite 400 Miami, FL 33178 +1 305 428 8000 www.wfscorp.com December 7, 2020 His Excellency António Guterres Secretary‐General of the United Nations New York, NY 10017 United States of America Your Excellency, I am pleased to reaffirm World Fuel

World Fuel Services Corporation Reports Third Quarter 2020 Results

MIAMI --(BUSINESS WIRE)--Oct. 29, 2020-- World Fuel Services Corporation (NYSE: INT) Third-Quarter 2020 Highlights Total gross profit of $214.0 million , down 30% year-over-year GAAP net income of $82.0 million , or $1.29 per diluted share After-tax gain on sale of Multi Service of $63.9 million ,

World Fuel Services Corporation Publishes its Sustainability Report for 2019

MIAMI --(BUSINESS WIRE)--Oct. 28, 2020-- World Fuel Services Corporation (NYSE: INT) today announced that it has published its 2019 Sustainability Report, which highlights the company’s efforts around key environmental, social and governance areas that are important to the company’s business as

World Fuel Services Corporation to Host Third Quarter 2020 Earnings Conference Call

World Fuel Services Corporation to Host Third Quarter 2020 Earnings Conference Call Content Import Thu, 10/15/2020 - 17:30 World Fuel Services Corporation to Host Third Quarter 2020 Earnings Conference Call October 15, 2020 at 5:30 PM EDT This release is a bac…

Fernando Casadevall

Fernando Casadevall Michael.Fuccio… Tue, 10/13/2020 - 17:18 Fernando Casadevall Chief Human Resources Officer Fernando Casadevall is Chief Human Resources Officer (CHRO) for World Fuel Services Corporation (WFS), a Fortune 100 company de…

World Fuel Services Corporation Completes Sale of Multi Service Payment Solutions Business

World Fuel Services Corporation Completes Sale of Multi Service Payment Solutions Business Content Import Wed, 09/30/2020 - 17:30 World Fuel Services Corporation Completes Sale of Multi Service Payment Solutions Business September 30, 2020 at 5:30 PM EDT This …
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World Fuel Services Frequently Asked Questions

  • When was World Fuel Services founded?

    World Fuel Services was founded in 1984.

  • Who are World Fuel Services key executives?

    World Fuel Services's key executives are Michael J. Kasbar, Ira M. Birns and Jorge L. Benitez.

  • How many employees does World Fuel Services have?

    World Fuel Services has 5,500 employees.

  • What is World Fuel Services revenue?

    Latest World Fuel Services annual revenue is $36.8 b.

  • What is World Fuel Services revenue per employee?

    Latest World Fuel Services revenue per employee is $6.7 m.

  • Who are World Fuel Services competitors?

    Competitors of World Fuel Services include Valvoline, HollyFrontier and Phillips 66.

  • Where is World Fuel Services headquarters?

    World Fuel Services headquarters is located at 9800 NW 41st St, Doral.

  • Where are World Fuel Services offices?

    World Fuel Services has offices in Doral, Albert Lea, Anacortes, Bayside and in 64 other locations.

  • How many offices does World Fuel Services have?

    World Fuel Services has 71 offices.