secwatch.observer — SEC 8-K summary
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Issuer:     VALVOLINE INC (VVV)
CIK:        0001674910
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001674910-22-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674910/000167491022000072/0001674910-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674910/000167491022000072/vvv-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001674910-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer