Valvoline (VVV) Tops Q1 EPS by 5c; Raises Outlook
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Valvoline Inc. Reports Strong First Quarter Fiscal 2017 Financial Results and Raises Full-Year Outlook
January 26, 2017 5:00 PM ESTNet income growth of 11 percent, operating income growth of 25 percent
Reported net income of $72 million and reported earnings per diluted share (EPS) of $0.35 Adjusted EPS of $0.35, up 9 percent Reported operating income of $120 million EBITDA from operating segments (Core North America, Quick Lubes and International) grew 8 percent to $109 million Lubricant volume growth of 7 percent to 43.1 million gallons Valvoline Instant Oil ChangeSM (VIOC) system-wide same-store sales (SSS) growth of 9.0 percent Expects full-year... More