secwatch.observer — SEC 8-K summary
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Issuer:     VALVOLINE INC (VVV)
CIK:        0001674910
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001674910-24-000147
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valvoline FY2024 sales $1.6B (+12%), adjusted EBITDA $443M (+17%), store count 2,010
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- FY2024 revenue from continuing ops $1.6B (+12%); system-wide SSS growth 6.7%.
- Adjusted EBITDA $442.6M (+17%); margin improved 100 bps to 27.3%.
- Reported EPS $1.63 (+33%); adjusted EPS $1.57 (+33%).
- Q4 revenue $435.5M (+12%); adjusted EBITDA $124.1M (+14%); SSS growth 5.4%.
- Signed definitive agreement to refranchise 38 stores; expected close Q1 FY25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674910/000167491024000147/0001674910-24-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674910/000167491024000147/vvv-20241119.htm
  HTML page:      https://secwatch.observer/filing/0001674910-24-000147

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