earnings
confidence high
sentiment neutral
materiality 0.60
Valvoline Q2 net income up 19% to $81M; sales +26% to $886M; reaffirms FY guidance
VALVOLINE INC
2022-Q2 EPS reported
$0.93
revenue$1,744,000,000
- Reported EPS $0.45 (+22% YoY); adjusted EPS $0.48 flat; adjusted EBITDA $158M (+1%).
- Retail Services sales $350M (+23%); system-wide same-store sales +13.1%; unit additions +7%.
- Global Products sales $536M (+29%) on 9% volume growth; operating income $74M (+1%).
- Returned $57M to shareholders via dividends and share repurchases.
- Full-year guidance reaffirmed: adjusted EBITDA $675-700M, adjusted EPS $2.07-$2.20.