Valvoline Q4/FY2021: EPS $2.29 (+36%), sales $3B (+27%); reiterates separation plan

VALVOLINE INC

2021-FY EPS reported $2.29 revenue$2,981,000,000

FY2021 reported net income $420M (+32%), EPS $2.29; adjusted EPS $1.95 (+37%).
Sales grew 27% to $3B; Retail Services sales +38%, Global Products +20%.
Retail Services system-wide same-store sales +21.2% for FY; store count +9% to 1,594.
Q4 net income $168M (+38%), adjusted EPS $0.50 (+11%), sales $835M.
Company reiterates plan to separate Retail Services and Global Products; no timetable set.

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