Valvoline Q3 net income up 2% to $99M; revenue +21% to $957M; Global Products sale for $2.65B

VALVOLINE INC

2022-Q3 EPS reported $1.47 revenue$2,701,000,000

Net income of $99M ($0.55 EPS) up 4% YoY; adjusted EPS of $0.58 up 5%.
Revenue $957M (+21%) led by Retail Services SSS +9.9% and Global Products volume +9%.
Retail Services segment sales $384M (+16%); adjusted EBITDA $113M (+1%).
Global Products sales $573M (+24%), adjusted EBITDA $87M (+7%); sale to Aramco for $2.65B.
Fiscal 2022 adjusted EBITDA guidance raised to $670-680M; adjusted EPS outlook $2.07-$2.15.

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