World Fuel Services Corporation. (INT) Q1 2023 Earnings Conference Call April 27, 2023 5:00 PM ET

Company Participants

Glenn Klevitz - VP, Treasurer & IR

Michael Kasbar - Chairman, CEO

Ira Birns - EVP, CFO

Conference Call Participants

Ken Hoexter - Bank of America

Ben Nolan - Stifel.

Pavel Molchanov - Raymond James

Operator

Thank you for standing by and welcome to the World Fuel Services First Quarter 2023 Earnings Conference Call. My name is Gigi, and I'll be coordinating the call this evening. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to Mr. Glenn Klevitz, World Fuel’s Vice President, Treasurer and Investor Relations. Mr. Klevitz, you may begin your conference.

Glenn Klevitz

Thank you, Gigi. Good evening, everyone, and welcome to the World Fuel Services first quarter 2023 earnings conference call, which will be presented alongside our live slide presentation.

Today's presentation is also available via webcast. To access this webcast or future webcasts, please visit the World Fuel Services corporation website and click on the webcast icon.

With us on the call today are Michael Kasbar, Chairman and Chief Executive Officer; and Ira Birns, Executive Vice President and Chief Financial Officer. By now, you should have all received a copy of our earnings release. If not, you can access the release on our website.

Before we get started, I would like to review World Fuel Safe Harbor statement. Certain statements made today, including comments about World Fuel's expectations regarding future plans and performance. Our forward-looking statements that are subject to a range of uncertainties and risks that could cause World Fuel's actual results to materially differ from the forward-looking information.

A description of the risk factors that could cause results to materially differ from these projections can be found in World Fuel's most recent Form 10-K and other reports filed with the Securities and Exchange Commission. World Fuel assumes no obligation to revise or publicly released the results of any revisions to these forward-looking statements in light of new information or future events.

This presentation also includes certain non-GAAP financial measures as defined in regulation G. a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures is included in World Fuel's press release, and can be found on its website. We'll begin with several minutes of prepared remarks which will then be followed by a question-and-answer period. As with prior conference calls, we have members of the media and individual private investors on the line participate in listen only mode.