World Fuel Services (INT) Misses Q3 EPS by 9c
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World Fuel Services Corporation Amends Credit Facility
October 27, 2016 4:16 PM EDTIncreases Total Credit Facilities to $2.1 Billion
Extends Maturity to October 2021
MIAMI--(BUSINESS WIRE)-- World Fuel Services Corporation (NYSE: INT) announced today that it has successfully amended its credit facility, increasing the size of the facility, which includes a revolving credit facility and term loan, by approximately $500 million to $2.1 billion. The company also extended the term of the credit facility to October 2021.
The transaction was substantially oversubscribed and ahead of initial expectations, which emphasizes the global banking communitys confidence in our long-term strategy, said Ira M. Birns, executive vice... More
World Fuel Services Corporation Reports Third Quarter 2016 Earnings
October 27, 2016 4:16 PM EDTAviation segment posts record results
MIAMI--(BUSINESS WIRE)-- World Fuel Services Corporation (NYSE: INT) today reported third quarter net income of $42.7 million or $0.61 diluted earnings per share compared to $43.7 million or $0.62 diluted earnings per share in the third quarter of 2015. Excluding the impact of certain non-recurring expenses, adjusted third quarter net income was $45.1 million or $0.65 adjusted diluted earnings per share. Non-GAAP net income and diluted earnings per share for the third quarter, excluding share-based compensation and amortization of acquired intangible assets were $57.2 million and $0.82, respectively, compared to $54.2 million and $0.77 in 2015.
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