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
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The Company's outlook for fiscal 2023 is unchanged. Information is provided in the table below:
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Net Revenue is expected between $1.4B to $1.5B vs $1.43B Consensus
Adjusted EBITDA of $370M to $390M
For further details see:
Valvoline GAAP EPS of $7.11, revenue of $344.5M misses by $1.1M