Valvoline stock falls 8% on company's earnings miss, restructuring [MarketWatch]
Valvoline Inc. (VVV)
Last valvoline inc. earnings: 2/3 05:00 pm
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investors.valvoline.com/overview/default.aspx
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Source: MarketWatch
Valvoline stock falls 8% on company's earnings miss, restructuring Shares of Valvoline Inc. VVV, -0.39% fell more than 8% in the extended session Wednesday after the lubricant maker and auto services provider reported fiscal first-quarter results below expectations and announced a restructuring, hoping to "reduce costs, simplify processes and ensure that the organization's structure and resource allocation are focused on key growth initiatives." Valvoline said it earned $53 million, or 28 cents a share, in the quarter, versus a loss of $10 million, or 5 cents a share, in the year-ago quarter. Adjusted for one-time items, Valvoline earned $51 million, or 27 cents a share, compared with $59 million, or 29 cents a share, a year ago. Sales rose 2% to $557 million from $545 million. Analysts polled by FactSet had expected GAAP and adjusted earnings of 31 cents a share on sales of $585 million. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign
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VVV
News
- Valvoline Inc. Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 4.250% Senior Notes Due 2030 [Yahoo! Finance]Yahoo! Finance
- Valvoline Inc. Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 4.250% Senior Notes Due 2030PR Newswire
- A Look At The Fair Value Of Valvoline Inc. (NYSE:VVV) [Yahoo! Finance]Yahoo! Finance
- Valvoline Inc. (NYSE: VVV) is now covered by analysts at Mizuho. They set a "buy" rating and a $50.00 price target on the stock.MarketBeat
- Valvoline Inc. (NYSE: VVV) had its price target raised by analysts at Citigroup Inc. from $36.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
VVV
Earnings
- 2/6/24 - In-Line
VVV
Sec Filings
- 4/19/24 - Form 4
- 4/16/24 - Form 8-K
- 4/5/24 - Form 4
- VVV's page on the SEC website