VVV - Valvoline Inc. (VVV) Q1 2024 Earnings Call Transcript
2024-02-06 15:14:15 ET
Valvoline Inc. (VVV)
Q1 2024 Earnings Conference Call
February 06, 2024, 09:00 AM ET
Company Participants
Elizabeth Russell - Investor Relations
Lori Flees - President & Chief Executive Officer
Mary Meixelsperger - Chief Financial Officer
Conference Call Participants
Steven Zaccone - Citi.
Michael Kessler - Morgan Stanley
Daniel Imbro - Stephens Inc.
Katharine McShane - Goldman Sachs
Bret Jordan - Jefferies
David Lantz - Wells Fargo
Jim Chartier - Monness Crespi Hardt
Presentation
Operator
Hello, everyone, and welcome to the Valvoline's First Quarter 2024 Earnings Conference Call and Webcast. My name is Nadia, and I will be coordinating the call today. [Operator Instructions]
I will now hand over to your host, Elizabeth Russell, Senior Director Investor Relations to begin. Elizabeth, please go ahead.
Elizabeth Russell
Good morning, and welcome to Valvoline's First Quarter Fiscal 2024 Conference Call and Webcast. This morning, Valvoline released results for the first quarter ended December 31, 2023. This presentation should be viewed in conjunction with that earnings release, a copy of which is available on our Investor Relations website at investors.valvoline.com.
Please note that these results are preliminary until we file our Form 10-Q with the Securities and Exchange Commission. On this morning's call is Lori Flees, our CEO and President; and Mary Meixelsperger, our CFO.
As shown on Slide 2, any of our remarks today that are not statements of historical fact are forward-looking statements. These forward-looking statements are based on current assumptions as of the date of this presentation, and are subject to certain risks and uncertainties that may cause actual results to differ materially from such statements. Valvoline assumes no obligation to update any forward-looking statements unless required by law.
In this presentation and in our remarks, we will be discussing our results on an adjusted non-GAAP basis, unless otherwise noted. Non-GAAP results are adjusted for key items, which are unusual, nonoperational or restructuring in nature. We believe this approach enhances the understanding of our ongoing business. A reconciliation of our adjusted non-GAAP results to amounts reported under GAAP in a discussion of management's use of non-GAAP and key business measures is included in the presentation appendix.
The information provided is used by our management and may not be comparable to similar measures used by other companies. As a reminder, the Retail Services business represents the company's continuing operations, and the former Global Products segment is classified as discontinued operations for the purposes of GAAP reporting....
Valvoline Inc. (VVV) Q1 2024 Earnings Call Transcript