World Fuel Services

F500 2018-World Fuel Services
Courtesy of World Fuel Services
  • Previous Rank
  • Revenues ($M)
  • Revenue Percent Change
  • Profits ($M)
  • Profits Percent Change
  • Assets ($M)
  • Employees

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

CEOMichael J. Kasbar
CEO TitleChairman, President & Chief Executive Officer
HQ LocationMiami, Fla.
Years on Fortune 500 List15

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 Revenues0.3%
Profits as % of Assets2.2%
Profits as % of Stockholder Equity7.0%

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%