World Kinect Corporation (NYSE:WKC) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET

Company Participants

Elsa Ballard – Vice President-Investor Relations and Communication

Michael Kasbar – Chairman and Chief Executive Officer

Ira Birns – Executive Vice President and Chief Financial Officer

Conference Call Participants

Ben Nolan – Stifel

Ken Hoexter – Bank of America

John Royall – JPMorgan

Pavel Molchanov – Raymond James and Associates

Operator

Thank you for standing by, and welcome to World Kinect Corporation's Fourth Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to VP Investor Relations and Communication, Elsa Ballard. Please go ahead.

Elsa Ballard

Good evening, everyone, and welcome to the World Kinect’s fourth quarter and full year 2023 earnings conference call, which will be presented alongside our live slide presentation. Today’s presentation is also available via webcast on our Investor Relations website. I'm Elsa Ballard, VP of Investor Relations and Communications. With me on the call today is Michael Kasbar, Chairman and Chief Executive Officer; and Ira Birns, Executive Vice President and Chief Financial Officer.

Before I get started, I would like to review our Safe Harbor statement. Certain statements made today, including comments about our expectations regarding future plans and performance are forward-looking statements that are subject to a range of uncertainties and risk that could cause results to materially differ. Factors that could cause results to materially differ can be found in our most recent Form 10-K and other reports filed with the Securities and Exchange Commission. World Kinect assumes no obligation to revise or publicly release 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 measures. A reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure is included in our press release and can be found on our website. We will begin with several minutes of prepared remarks, which will then be followed by a Q&A period.

At this time, I would like to introduce our Chairman and Chief Executive Officer, Michael Kasbar.

Michael Kasbar

Thank you, Elsa, and good afternoon everyone. As we plan for our upcoming Investor Day in a few weeks, I've been reflecting on where we have come from and where we are going. We all know the last ten years have seen tremendous volatility in energy markets, commerce, geopolitics and even natural disasters. Throughout this ten year period, our customer base, particularly airlines and shipping companies, experienced significant financial stress. I'm proud to say that our company went through this period with tremendous skill, financial stability and stewardship in the face of massive turbulence. Our team has navigated through these challenges and consistently mitigated risk while managing the impacts of market disruption on our customers and suppliers, demonstrating both our expertise and reliability as a counterparty.