Valvoline Inc

NYSE:VVV   4:00:00 PM EDT
+0.11 (+0.34%)
Share Repurchases, Other Pre-Announcement

Valvoline Reports Fourth-Quarter And Fiscal Year 2022 Results

Published: 11/15/2022 12:13 GMT
Valvoline Inc (VVV) - Valvoline Reports Fourth-quarter and Fiscal Year 2022 Results.
FY Earnings per Share $2.35.
FY Adjusted Earnings per Share $2.12.
With Combination of Same-store Sales and Unit Increases, We Anticipate 14% to 18% Top Line Growth in Fiscal 2023.
Sees FY 2023 Net Revenues $1.4-$1.5 Billion.
Board of Directors Approved a New Share Repurchase Authorization of $1.6 Billion.
Sees FY 2023 Adjusted Net Income $160 Million-$180 Million.
New Share Repurchase Authorization is in Addition to Valvoline's $300 Million Share Repurchase Authorization Announced in May 2021.
Qtrly Adjusted EPS of $0.59.
Qtrly Diluted Earnings per Share$ 0.88.
Qtrly Net Revenues $335.4 Million Versus $295.2 Million.
Q4 Earnings per Share View $0.51 -- Refinitiv Ibes Data (analyst estimates).