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INT World Fuel Services

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.

Company profile

Ticker
INT
Exchange
CEO
Michael Kasbar
Employees
Incorporated
Location
Fiscal year end
Former names
INTERNATIONAL RECOVERY CORP
SEC CIK
IRS number
592459427

INT stock data

(
)

Calendar

30 Apr 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Bakshi Ken Common Stock Sell Dispose S No No 31.62 7,628 241.2K 42,067
28 May 21 Birns Ira M Common Stock Buy Aquire P No No 31.59 2,000 63.18K 130,423
27 May 21 Crosby Michael Common Stock Sell Dispose S No No 31.8 5,000 159K 67,109
27 May 21 Kasbar Michael J Common Stock Buy Aquire P No No 31.4 10,000 314K 878,527
21 May 21 Stebbins Paul H Common Stock Grant Aquire A No No 0 4,609 0 34,607

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 233 233
Opened positions 33 39 -15.4%
Closed positions 33 34 -2.9%
Increased positions 88 74 +18.9%
Reduced positions 82 95 -13.7%
13F shares
Current Prev Q Change
Total value 2.02B 1.84B +9.4%
Total shares 57.28M 59.04M -3.0%
Total puts 123.8K 18.5K +569.2%
Total calls 30.6K 12K +155.0%
Total put/call ratio 4.0 1.5 +162.4%
Largest owners
Shares Value Change
BLK Blackrock 7.62M $268.29M +7.2%
Vanguard 5.95M $209.27M +1.4%
Dimensional Fund Advisors 4.81M $169.29M -2.7%
FMR 3.09M $108.86M -2.3%
Boston Partners 3.03M $106.06M +0.6%
STT State Street 2.59M $91.43M +8.6%
River Road Asset Management 2.59M $91.06M -18.8%
JHG Janus Henderson 1.69M $59.35M +94.9%
Aqr Capital Management 1.62M $57.17M +1.3%
LSV Asset Management 1.42M $49.91M -1.1%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -874.94K EXIT
JHG Janus Henderson 1.69M +820.77K +94.9%
PRU Prudential Financial 676.08K -624.31K -48.0%
River Road Asset Management 2.59M -598.02K -18.8%
BLK Blackrock 7.62M +510.2K +7.2%
GS Goldman Sachs 253.36K -384.05K -60.3%
MS Morgan Stanley 138.35K -369.32K -72.7%
Arrowstreet Capital, Limited Partnership 0 -326.4K EXIT
SAMG Silvercrest Asset Management 0 -308.56K EXIT
NTRS Northern Trust 1.13M -219.11K -16.3%

Financial report summary

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Competition
Fleetcor
Risks
  • The COVID-19 pandemic and related global economic impacts have had and are likely going to continue to have certain adverse effects on our business, results of operations and financial condition.
  • COVID-19 pandemic related impacts affecting the aviation, marine and land transportation industries may have a material adverse effect on our business.
  • We extend credit to most of our customers in connection with their purchase of fuel and services from us, and financial condition, results of operations and cash flows will be adversely affected if we are unable to collect accounts receivable.
  • A material portion of our profitability is derived from sales to government customers, particularly sales to NATO in Afghanistan, and the loss or material reduction in business from such sales, would likely have a material adverse effect on our results of operations and cash flows.
  • Changes in the market price of fuel may have a material adverse effect on our business.
  • Adverse conditions or events affecting the aviation, marine and land transportation industries may have a material adverse effect on our business.
  • Our physical operations have inherent risks that could negatively impact our business, financial condition and results of operations.
  • If we fail to provide products or services to our customers as agreed, it could adversely affect our business.
  • Implementation of our growth strategy may place a strain on our management, operational and financial resources, as well as our information systems.
  • We may not be able to fully recognize the anticipated benefits of our acquisitions and other strategic investments.
  • Information technology (“IT”) failures and data security breaches, including as a result of cybersecurity attacks, could negatively impact our results of operations and financial condition, subject us to increased operating costs, and expose us to litigation.
  • Economic, political and other risks associated with international sales and operations could adversely affect our business and future operating results.
  • Our business is subject to seasonal variability, which has caused our revenues and operating results to fluctuate and can adversely affect the market price of our shares.
  • A material impairment of our goodwill or intangible assets could reduce our earnings or adversely impact our results of operations.
  • We may be unable to realize the level of benefit that we expect from our restructuring activities and cost reduction initiatives which may hurt our profitability and our business otherwise might be adversely affected.
  • Our business is dependent on our ability to adequately finance our capital requirements and fund our investments, which, if not available to us, would impact our ability to conduct our operations.
  • Our derivative transactions with customers, suppliers, merchants and financial institutions expose us to price and credit risks, which could have a material adverse effect on our business.
  • We are exposed to various risks in connection with our use of derivatives which could have a material adverse effect on our results of operations.
  • Changes in U.S. or foreign tax laws or adverse outcomes from governmental challenges to our tax position could adversely affect our business and future operating results.
  • Our business is subject to extensive laws and regulations, including environmental protection, health and safety, that can result in material costs and liabilities.
  • The data that we collect may be vulnerable to breach, loss or misuse, and our handling of such data may be impacted by changes in data privacy and protection laws and regulations, which could increase operational costs or result in regulatory penalties or litigation.
  • Our international operations subject us to a number of international trade control, anti-money laundering and anti-corruption laws that can impose substantial compliance costs and expose us to civil and/or criminal penalties.
Management Discussion
  • Revenue. Our revenue for the first quarter of 2021 was $6.0 billion, a decrease of $2.1 billion, or 26%, compared to the first quarter of 2020. Our revenue during these periods was attributable to the following segments (in millions):
  • Revenues in our aviation segment were $2.1 billion for the first quarter of 2021, a decrease of $1.7 billion, or 44% compared to the first quarter of 2020. Total aviation volumes for the first quarter of 2021 decreased by 0.7 billion or 38% to 1.1 billion gallons compared to the prior-year period. The volume reduction resulted from the significant decline in activity in our commercial aviation business due to the impact of the COVID-19 pandemic on air travel.  Average jet fuel price per gallon sold in the first quarter of 2021 decreased by 5% compared to the comparative period in 2020.
  • Revenues in our land segment were $2.2 billion for the first quarter of 2021, an increase of $82.2 million, or 4%, compared to the first quarter of 2020. The increase in revenue was principally due to higher average prices in the first quarter of 2021 compared to 2020, which increased by 11%. Volumes in our land segment for the first quarter of 2021 decreased by 77.9 million or 6% to 1.3 billion gallon or gallon equivalents driven by the pandemic's continued effects on our supply and trading, retail, commercial and industrial operations in North America.
Content analysis
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H.S. junior Avg
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