Valvoline Reports Strong Fourth-Quarter and Fiscal Year 2020 Results; Provides Fiscal 2021 Outlook

Go back to Valvoline Reports Strong Fourth-Quarter and Fiscal Year 2020 Results; Provides Fiscal 2021 Outlook

Valvoline (VVV) Tops Q4 EPS by 10c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus

October 28, 2020 5:08 PM EDT

Valvoline (NYSE: VVV) reported Q4 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $652 million versus the consensus estimate of $617.47 million.

Fourth-quarter summary

Reported net income of $122 million increased $95 million and earnings per diluted share (EPS) of $0.66 increased $0.52Adjusted diluted EPS grew 15% to $0.46Adjusted EBITDA of $150 million, up 16%Sales grew 4% to $652 million, while lubricant volume declined slightly to 46.2 million gallonsValvoline Instant Oil Change (VIOC) system-wide same-store sales (SSS) grew 8.3%Cash and cash equivalents on hand of $760 million and total... More