Valvoline Reports Fourth-Quarter and Fiscal Year 2019 Results
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Valvoline (VVV) Tops Q4 EPS by 7c, Revenues Beat; Provides FY20 Growth Outlook
November 6, 2019 5:03 PM ESTValvoline (NYSE: VVV) reported Q4 EPS of $0.40, $0.07 better than the analyst estimate of $0.33. Revenue for the quarter came in at $629 million versus the consensus estimate of $627.08 million.
Fourth-quarter summary
Reported net income of $27 million and earnings per diluted share (EPS) of $0.14
Adjusted EPS grew 18% to $0.40
Adjusted EBITDA of $129 million, up 7%
Sales grew 6% to $629 million, while lubricant volume was flat at 46.4 million gallons
Valvoline Instant Oil Change system-wide same-store sales grew 10.0%
"We are pleased with the strong results in the fourth quarter, which exceeded our expectations,\" CEO Sam Mitchell said. "Quick Lubes'... More
