Brief: Valvoline Reports First-Quarter Results

Valvoline

07/02/2023 12:12

Feb 7 (Reuters) - Valvoline Inc  VVV.N :
    * VALVOLINE REPORTS FIRST-QUARTER RESULTS
    * Q1 ADJUSTED EARNINGS PER SHARE $0.16
    * Q1 SAME STORE SALES ROSE 11.9 PERCENT
    * Q1 SALES $332.8 MILLION
    * Q1 EARNINGS PER SHARE $0.15
    * SAYS CONTINUES TO EXPECT 14% TO 18% TOP LINE GROWTH AND TO
DELIVER ADJUSTED EBITDA OF $370 MILLION TO $390 MILLION FOR
FISCAL 2023
    * SEES FY 2023 NET REVENUES $1.4 BILLION - $1.5 BILLION
    * SEES FY 2023 ADJUSTED NET INCOME $160 MILLION - $180
MILLION
    * SEES FY 2023 CAPITAL EXPENDITURES $170 MILLION - $200
MILLION
    * Q1 EARNINGS PER SHARE VIEW $0.22, REVENUE VIEW $335.8
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $1.09, REVENUE VIEW $1.44
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn6CZGxXa 
Further company coverage:  VVV.N 
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