World Fuel Services Corp. (NYSE:INT) Q2 2019 Earnings Conference Call - Final Transcript

Jul 25, 2019 • 05:00 pm ET

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World Fuel Services Corp. (NYSE:INT) Q2 2019 Earnings Conference Call - Final Transcript

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Q & A
Executive
Michael J. Kasbar

a lot of advisory. So that will give an opportunity for additional value add. So I think that it's generally a positive because there's going to be a greater demand for our services.

All remains to be seen. It's not like it's a surprise and it happened overnight. This thing was years with advance notice. So we feel like we're extremely well prepared and well positioned. And certainly, by virtue of our land business and sourcing distillate and then with our Kinect business in terms of LNG, we've got a tremendous amount of internal capability. So I'm not sure what else I could say in terms of giving color, it all remains to be seen in terms of how it's going to shake out, but we feel prepared, and it should generally be positive for us.

Analyst
Ari Rosa

So directionally, can you give any commentary on kind of how those conversations are progressing with customers in terms of what preparations are in place? And then maybe some order of magnitude or some scale of what the higher profitability looks like if, in fact, there will be higher profitability from that type of business?

Executive
Michael J. Kasbar

So the discussions have been carrying on for quite some time. And we're pretty engaged with our customers that have a need, and we're interacting with them with different tools and products and services. So that engagement is pretty strong. And we're pretty happy with that. We've been surprised in terms of some of the resources that, I don't know if surprise is the right word, but we've been leveraging different parts of our organization, and our customers have been leveraging different parts of our organization. So that's fantastic. We're getting a lot of collaboration across the organization. So that's a very good thing.

In terms of the quantum, it's really too early to tell. And certainly, I would be reckless to sort of give you any guidance on that. I can't really do it.

Analyst
Ari Rosa

Okay. Fair enough. Sounds good. Thanks for answering the questions, guys. Good quarter.

Operator
Operator

Mr. Kasbar, there are no further questions at this time. I will now turn the call back to you for any closing remarks.

Executive
Michael J. Kasbar

Well, I want to thank our shareholders for the support that you've given us over the years, and certainly, new shareholders that are finding us as an interesting place to put your investments, and very much to the team. We've got the best team in the world. So thank you. Thank you so much. It really makes working in World Fuel both interesting, a challenge and something worth waking up to. So let's keep it rolling. And look forward to talking to everyone next quarter.

Operator
Operator

[Operator Closing Remarks]