Valvoline climbs on Q4 profit beat, share repurchase program worth $1.6 bln

Valvoline

15/11/2022 15:15

** Shares of motor oil and lubricant maker Valvoline Inc
 VVV.N  up 4.7% at $33.67, trading at its highest in over five
months
    ** Company's Q4 adj net income of $0.59/shr beats est of
$0.51/shr - Refinitiv
    ** Valvoline approves new share repurchase authorization of
$1.6 bln
    ** Company expects 14% to 18% top line growth in fiscal 2023
    ** So far this year, stock down 10.6%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))