---
schema_version: "secwatch.filing_event.v1"
accession: "0001674910-23-000029"
form_type: "8-K"
ticker: "VVV"
cik: "0001674910"
company_name: "VALVOLINE INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:59:42.222033+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001674910-23-000029
- form_type: 8-K
- ticker: VVV
- cik: 0001674910
- company_name: VALVOLINE INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000029/0001674910-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000029/vvv-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001674910-23-000029
- JSON: https://secwatch.observer/filing/0001674910-23-000029.json
- Plain text: https://secwatch.observer/filing/0001674910-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674910/000167491023000029/0001674910-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.