Valvoline (VVV) Misses Q4 EPS by 2c, FY17 EPS Guidance Tops Views
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Valvoline Inc.™ Reports Preliminary Financial Results for Fourth Quarter of Fiscal 2016
November 8, 2016 5:44 PM ESTFourth Quarter Financial Highlights
Completed initial public offering of 34,500,000 Valvoline Inc. shares on September 28th at $22.00 per share, raising $759 million in equity capital; Valvoline also completes $750 million in corporate debt issuance Net income of $65 million leads to earnings of $0.32 per diluted share Adjusted earnings grow 4 percent to $0.29 per diluted share Lubricant volumes increase 2 percent Adjusted EBITDA of $111 million, an increase of 12 percent Adjusted EBITDA as a percentage of sales increases 200 basis pointsFiscal 2016 Financial... More
