Valvoline Q1 FY2024: Revenue $373M (+12%), adjusted EPS $0.29 (+81%), SSS +7.1%

VALVOLINE INC

2024-Q1 EPS reported $0.24 revenue$373,400,000

Revenue $373M (+12% YoY); system-wide same-store sales +7.1%.
Adjusted EBITDA $90.2M (+23%); adjusted EPS $0.29 (+81%).
Added 38 stores (19 franchised, 19 company-operated); total system stores 1,890.
Repurchased >$170M of stock in Q1; $40M remaining on current authorization.
Reported income from cont ops $33.9M (+26%); GAAP EPS $0.26 (+73%).

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 first quarter of fiscal 2024, which ended December 31, 2023 results: revenue $373 million, net income $34 million, EPS $0.26.

Period: first quarter of fiscal 2024, which ended December 31, 2023
Revenue: $373 million
Net income: $34 million
EPS: $0.26
Result: reported results

Exact text from the filing

• Sales from continuing operations of $373 million grew 12%, driven by system-wide same store sales (SSS) growth of 7.1% • Reported income from continuing operations of $34 million grew 26% and earnings per diluted share (EPS) of $0.26 increased 73%

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Source: SEC EDGAR

accession 0001674910-24-000031

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