8-K
filed November 15, 2022, 6:59 PM ET
ticker VVV
CIK 0001674910
earnings
confidence high
sentiment positive
materiality 0.85
Valvoline reports FY2022 adjusted EPS up 9%, announces $1.6B buyback, global products sale on track
VALVOLINE INC
2022-FY EPS reported
$2.35
revenue$1,236,100,000
- Continuing ops revenue $1.2B (+19% YoY); adjusted EBITDA $315.7M (+14%).
- System-wide same-store sales +13.7%; store count up 8% to 1,715 units.
- Board approved $1.6B share repurchase authorization; $231.8M returned to shareholders in FY2022.
- Fiscal 2023 guidance: continuing ops adjusted EBITDA $370M-$390M.
- Global Products sale expected to close early calendar 2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALVOLINE INC reported fiscal fourth quarter ended September 30, 2022 (continuing operations) results: revenue $335.4 million, net income $12.4 million.
- Period
- fiscal fourth quarter ended September 30, 2022 (continuing operations)
- Revenue
- $335.4 million
- Net income
- $12.4 million
- Result
- reported results
Exact text from the filing
Continuing operations sales of $335.4 million increased 14%, reported net income of $12.4 million decreased 90%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALVOLINE INC reported fiscal fourth quarter ended September 30, 2022 results: net income $157.7 million, EPS $0.88.
- Period
- fiscal fourth quarter ended September 30, 2022
- Net income
- $157.7 million
- EPS
- $0.88
- Result
- reported results
Exact text from the filing
Reported net income of $157.7 million declined 7% and EPS of $0.88 decreased 4%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALVOLINE INC reported fiscal year ended September 30, 2022 (continuing operations) results: revenue $1.2 billion, net income $109.4 million.
- Period
- fiscal year ended September 30, 2022 (continuing operations)
- Revenue
- $1.2 billion
- Net income
- $109.4 million
- Result
- reported results
Exact text from the filing
Continuing operations net revenues of $1.2 billion increased 19%, reported net income of $109.4 million decreased 45%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALVOLINE INC updated its fiscal year 2023 guidance (initiated).
- Period
- fiscal year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Provides fiscal 2023 guidance for continuing operations adjusted EBITDA of $370 million - $390 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALVOLINE INC reported fiscal year ended September 30, 2022 results: net income $424.3 million, EPS $2.35.
- Period
- fiscal year ended September 30, 2022
- Net income
- $424.3 million
- EPS
- $2.35
- Result
- reported results
Exact text from the filing
Reported net income of $424.3 million grew 1% and earnings per diluted share (EPS) of $2.35 grew 3%
View on SEC.gov
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