Valvoline (NYSE: VVV) reported Q1 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $545 million versus the consensus estimate of $530.05 million.

• 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

Fiscal 2018 Outlook

"As we said last quarter, we are focused on accelerating our growth," Mitchell said. "We are on track to deliver full-year adjusted EBITDA of $480 to $500 million and expect to see top- and bottom-line growth in each of our operating segments. Our shareholders will continue to benefit from our capital allocation framework to drive growth in the business and return cash to shareholders. Valvoline is also a significant beneficiary of tax reform, as reflected in our updated adjusted EPS guidance."

GUIDANCE:

Valvoline sees FY2018 EPS of $1.30-$1.38 versus estimated $1.3

For earnings history and earnings-related data on Valvoline (VVV) click here.