{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-140004","form_type":"8-K","ticker":"VVV","cik":"0001674910","company_name":"VALVOLINE INC","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.982761+00:00","generated_at":"2026-06-15T06:35:05.423103+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Valvoline Q2 continuing ops sales +16%, adj EPS +64%; announces $1B Dutch auction tender offer","bullets":["Completed sale of Global Products on March 1 for $2.38B net proceeds; after-tax gain of $1.15B.","Continuing ops revenue $344.5M (+16% YoY); system-wide same store sales +13.5%.","Continuing ops net income $32.9M (+43%); adjusted EPS $0.23 (+64%); adjusted EBITDA $87.1M (+26%).","Net store additions of 35, total system-wide stores 1,781; long-term goal of 3,500+ stores.","Intends to commence modified Dutch auction tender offer for up to $1B of common stock under existing $1.6B repurchase authorization."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-140004","json":"https://secwatch.observer/filing/0001193125-23-140004.json","markdown":"https://secwatch.observer/filing/0001193125-23-140004.md","text":"https://secwatch.observer/filing/0001193125-23-140004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523140004/0001193125-23-140004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523140004/d503653d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:35:05.423103+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"437721262f12d5fdebc3a78e0ffe27dc09b6cf37","claim":"VALVOLINE INC reported the fiscal second quarter ended March 31, 2023 results: revenue $344.5 million, net income $32.9 million, EPS $0.19.","evidence_excerpt":"• Intend to commence a modified “Dutch auction” tender offer for up to $1 billion of Valvoline common stock, subject to market conditions • Sales from continuing operations of $344.5 million grew 16% and 19% on an adjusted basis 1 , while system-wide same store sales (SSS) increased 13.5% • Reported income from continuing operations of $32.9 million grew 43% and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674910/000119312523140004/0001193125-23-140004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended March 31, 2023"},{"label":"Revenue","value":"$344.5 million"},{"label":"Net income","value":"$32.9 million"},{"label":"EPS","value":"$0.19"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}