Valvoline Q1 sales up 16% to $332.8M; reaffirms FY adjusted EBITDA guidance

VALVOLINE INC

2023-Q1 EPS reported $0.46 revenue$332,800,000

Sales from continuing operations $332.8M (+16% YoY); system-wide same-store sales +11.9%.
Income from continuing operations $27M (-21%); diluted EPS $0.15 (-21%); adjusted EPS $0.16 flat.
Sale of Global Products on track for early 2023 close; $1.6B proceeds for share repurchases over 18 months.
Net store additions 31 (total system 1,746); reaffirms FY2023 continuing ops adjusted EBITDA $370-390M.

item 2.02 item 7.01 item 9.01

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 first quarter ended December 31, 2022 results: revenue $332.8 million, net income $27.0 million, EPS $0.15. Guidance reaffirmed.

Period: fiscal first quarter ended December 31, 2022
Revenue: $332.8 million
Net income: $27.0 million
EPS: $0.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

year 2023 with $1.6 billion of the net cash proceeds expected to be returned via share repurchases in the 18 months following close • Sales from continuing operations of $332.8 million grew 16%, while system-wide same store sales (SSS) increased 11.9% • Reported income from continuing operations of $27.0 million declined 21% and earnings per diluted share (EPS)

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Source: SEC EDGAR

accession 0001674910-23-000029

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