---
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"
generated_at: "2026-06-15T06:35:05.423103+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valvoline Q2 continuing ops sales +16%, adj EPS +64%; announces $1B Dutch auction tender offer

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-140004
- JSON: https://secwatch.observer/filing/0001193125-23-140004.json
- Plain text: https://secwatch.observer/filing/0001193125-23-140004.txt

## Key facts
- Earnings Releases
  VALVOLINE INC reported the fiscal second quarter ended March 31, 2023 results: revenue $344.5 million, net income $32.9 million, EPS $0.19.
  - Period: the fiscal second quarter ended March 31, 2023
  - Revenue: $344.5 million
  - Net income: $32.9 million
  - EPS: $0.19
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1674910/000119312523140004/0001193125-23-140004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.