World Fuel Services (INT) Tops Q2 EPS by 7c

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World Fuel Services Corporation Reports Second Quarter 2016 Earnings

July 27, 2016 5:01 PM EDT

MIAMI--(BUSINESS WIRE)-- World Fuel Services Corporation (NYSE: INT) today reported second quarter net income of $30.0 million or $0.43 diluted earnings per share compared to $30.5 million or $0.43 diluted earnings per share in the second quarter of 2015. Excluding the impact of certain non-recurring expenses, adjusted second quarter net income was $34.8 million or $0.50 adjusted diluted earnings per share. Non-GAAP net income and diluted earnings per share for the second quarter, excluding share-based compensation and amortization of acquired intangible assets were $44.0 million and $0.63, respectively, compared to $38.5 million and $0.54 in 2015.

During the quarter, our aviation segment posted strong... More