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Valvoline Reports First-Quarter Results; Updates Full-Year Outlook

VALVOLINE INC (VVV)  More Company Research Source: Business Wire
Last valvoline inc earnings: 5/2 05:00 pm Check Earnings Report
US:NYSE Investor Relations: investors.valvoline.com/overview/default.aspx
PDF For the quarter, Valvoline Instant Oil Change (VIOC) delivers system-wide same-store sales (SSS) growth of 7.9 percent, Core North America premium mix increases 400 basis points and International volume, including unconsolidated joint ventures, grows 9 percent Reported net loss of $10 million and loss per diluted share of $0.05 Adjusted earnings per share (EPS) of $0.29 and adjusted EBITDA of $108 million Lubricant volume growth of 2 percent to 43.8 million gallons VIOC system-wide SSS growth of 7.9 percent Repurchased 1.6 million shares for $39 million; board authorizes $300 million in share repurchases Increases full-year adjusted EPS guidance to $1.30-$1.38, which includes a lower adjusted effective tax rate of 27-28%, reflecting the benefits of tax reform LEXINGTON, Ky.--(BUSINESS WIRE)-- Valvolin [Read more]

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