Valvoline: Fiscal Q2 Earnings Snapshot

May 9, 2022 GMT

LEXINGTON, Ky. (AP) _ Valvoline Inc. (VVV) on Monday reported fiscal second-quarter earnings of $81 million.

On a per-share basis, the Lexington, Kentucky-based company said it had net income of 45 cents. Earnings, adjusted for non-recurring costs, were 48 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 48 cents per share.

The automotive and industrial lubricants maker posted revenue of $886 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $876.1 million.

Valvoline expects full-year earnings in the range of $2.07 to $2.20 per share.


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