Aviation, marine, and land fuel provider World Fuel Services spent 2018 sailing away from stormy weather. The oil supply glut of 2014 eased, with prices beginning to recover. Meanwhile, a string of recent acquisitions and the appointment of former IBM CIO Jeff Smith as COO shored up the company’s strategic bulwarks. Revenue rose 18% to $39.8 billion, and the company logged $128 million in net income, compared with a $170.3 million net loss in 2017. The turnaround was mainly due to record aviation fuel results and a rebound in profitability for its marine segment. Setting course for 2019, World Fuel paid down $225.5 million in long-term debt. U.S. sanctions on Iran's oil exports should also bring smoother waters.
Company Info
| CEO | Michael J. Kasbar |
| CEO Title | Chairman, President & Chief Executive Officer |
| Sector | Energy |
| Industry | Energy |
| HQ Location | Miami, Fla. |
| Website | www.wfscorp.com |
| Years on Fortune 500 List | 15 |
| Employees | 5,000 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $39,750.3 |
| Profits ($M) | $127.7 |
| Assets ($M) | $5,676.9 |
| Total Stockholder Equity ($M) | $1,815.4 |
Profit Ratios
| Profit as % of Revenues | 0.3% |
| Profits as % of Assets | 2.2% |
| Profits as % of Stockholder Equity | 7.0% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 2 |
| EPS % Change (from 2017) | - |
| EPS % Change (5 year annual rate) | -7.8% |
| EPS % Change (10 year annual rate) | 0.4% |
Total Return
| Total Return to Investors (2018) | -23.2% |
| Total Return to Investors (5 year, annualized) | -12.6% |
| Total Return to Investors (10 year, annualized) | 2.0% |
