Valvoline (VVV) Reports In-Line Q3 EPS; Narrows Outlook
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Valvoline Inc. Reports Third Quarter Fiscal 2017 Results in Line with Guidance
August 1, 2017 5:01 PM EDTValvoline Instant Oil ChangeSM (VIOC) system-wide same-store sales (SSS) grow 7.9 percent, Core North America premium mix increases 350 basis points and International volume grows 5 percent
Reported net income of $56 million, reported earnings per diluted share (EPS) of $0.27; adjusted EPS of $0.34 which excludes $13 million of after-tax separation costs Reported operating income of $104 million; EBITDA from operating segments (Core North America, Quick Lubes and International) of $112 million, exceeding the company's quarterly guidance Lubricant volume up slightly from prior year at 46 million gallons VIOC system-wide same-store sales growth of 7.9... More