VVV - Valvoline GAAP EPS of $7.11 revenue of $344.5M misses by $1.1M

2023-05-10 06:46:52 ET

• Valvoline press release ( NYSE: VVV ): Q2 GAAP EPS of $7.11.
• Revenue of $344.5M (-61.1% Y/Y) misses by $1.1M .
• Cash and cash equivalents, net of debt of $737.3 million; total debt of $1.6 billion
• Year-to-date continuing operations cash flow from operations of $173.5 million and free cash flow of $94.1 million
• Returned $257.4 million in cash to shareholders year-to-date via share repurchases and $21.8 million in dividends
• Cash and cash equivalents balance of $2.3 billion with $8.3 million of interest income earned on net proceeds from the sale of Global Products

• The Company's outlook for fiscal 2023 is unchanged. Information is provided in the table below:

• Net Revenue is expected between $1.4B to $1.5B vs $1.43B Consensus

  Adjusted EBITDA of $370M to $390M

For further details see: