VALVOLINE INC

Listed Company

VVVCIK 0001674910NYSELarge AcceleratedMiscellaneous Products Of Petroleum & CoalFY ends Sep 30

Period

FY 2025

Revenue

$1.71B

Net Income

$210.70M

Total Assets

$2.67B

Equity

$338.50M

Shares Out

127.32M

Op. Cash Flow

$297.20M

Business

VALVOLINE INC is a provider of automotive preventive maintenance services operating a network of retail service centers in the United States and Canada. The company offers quick, stay-in-your-car services including approximately 15-minute oil changes, free 18-point maintenance checks, battery, bulb and wiper replacements, tire rotations and other manufacturer-recommended maintenance, supported by its proprietary SuperPro system. Its business is organized around Valvoline Instant Oil Change (VIOC), Valvoline Great Canadian Oil Change (GCOC) and the Express Care platform, with company-operated and franchised store operations. Valvoline serves consumers and commercial customers through a mix of company-owned stores, franchised locations and digital marketing and customer-engagement channels across North America.

Summary from filing dated 2025-11-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net revenues	1,710	1,619	1,444	1,236	1,037
Cost of sales	1,052	1,000	899	760	605
Gross profit	659	619	545	476	432
Selling, general and administrative expenses	350	305	265	245	224
Net legacy and separation-related expenses (income)	1	−700,000	33	21	−24
Other income, net	−83	−53	0	−9	−8
Operating income	390	367	247	220	240
Net pension and other postretirement plan expenses (income)	24	12	−28	7	−128
Net interest and other financing expenses	74	72	38	69	108
Total income before income taxes	292	284	237	144	260
Income tax expense	78	69	37	35	60
Income from continuing operations	215	215	199	109	200
(Loss) income from discontinued operations, net of tax	−4	−3	1,220	315	220
Net income	211	212	1,420	424	420
Continuing operations, basic earnings per share (usd per share)	1.68	1.65	1.24	0.61	1.1
Discontinued operations, basic earnings per share (usd per share)	−0.03	−0.02	7.55	1.76	1.2
Basic earnings per share (usd per share)	1.65	1.63	8.79	2.37	2.3
Continuing operations, diluted earnings per share (usd per share)	1.67	1.63	1.23	0.61	1.09
Discontinued operations, diluted earnings per share (usd per share)	−0.03	−0.02	7.5	1.74	1.2
Diluted earnings per share (usd per share)	1.64	1.61	8.73	2.35	2.29
Weighted average common shares outstanding, basic (in shares)	128	130	162	179	183
Weighted average common shares outstanding, diluted (in shares)	129	131	163	180	184
Currency translation adjustments	−3	4	44	−40	7
Amortization of pension and other postretirement plan prior service credits	−2	−2	−2	−2	−9
Unrealized loss on cash flow hedges	0	−6	−8	13	2
Other comprehensive (loss) income	−5	−3	35	−29	−700,000
Comprehensive income	206	208	1,454	396	420

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	52	68	409	23	123
Receivables, net	90	86	81	66	496
Inventories, net	43	40	33	29	258
Prepaid expenses and other current assets	60	61	66	38	53
Total current assets	244	255	937	1,621	1,037
Property, plant and equipment, net	1,135	959	818	669	817
Operating lease assets	332	299	267	248	307
Goodwill and intangibles, net	741	706	681	663	775
Other noncurrent assets	220	220	188	216	194
Total noncurrent assets	2,427	2,183	1,953	1,796	2,154
Total assets	2,670	2,439	2,890	3,417	3,191
Current portion of long-term debt	24	24	24	163	17
Trade and other payables	119	117	119	45	246
Accrued expenses and other liabilities	205	213	216	173	306
Total current liabilities	347	354	362	919	569
Long-term debt	1,050	1,070	1,562	1,525	1,677
Employee benefit obligations	188	176	168	199	258
Operating lease liabilities	315	280	247	229	274
Other noncurrent liabilities	432	373	347	237	252
Total noncurrent liabilities	1,985	1,899	2,324	2,191	2,487
Commitments and contingencies	—	—	—	—	—
Preferred stock, no par value, 40 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock, par value $0.01 per share, 400.0 shares authorized, 127.1 and 128.5 shares issued and outstanding at September 30, 2025 and 2024, respectively	1	1	1	2	2
Paid-in capital	58	51	48	44	35
Retained earnings	274	123	141	282	90
Accumulated other comprehensive income	5	10	13	−21	8
Stockholders' equity	339	186	203	307	135
Total liabilities and stockholders equity	2,670	2,439	2,890	3,417	3,191

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Loss on extinguishment of debt	0	5	0	0	36
Gain on sale of operations	−71	−42	0	0	—
Depreciation and amortization	119	106	89	71	62
Deferred income taxes	38	24	34	18	57
Loss (gain) on pension and other postretirement plan remeasurements	27	−2	−42	44	−74
Stock-based compensation expense	11	12	12	14	14
Other, net	4	−100,000	12	4	3
Receivables	−3	−900,000	26	−18	−17
Inventories	−5	−8	−3	−5	−5
Payables and accrued liabilities	3	−6	111	25	27
Other assets and liabilities	−30	−19	−86	−129	−120
Operating cash flows from continuing operations	307	283	353	134	182
Operating cash flows from discontinued operations	−10	−18	−394	150	222
Total cash provided by (used in) operating activities	297	265	−41	284	404
Additions to property, plant and equipment	−259	−224	−181	−132	−103
Acquisitions, net of cash acquired	−65	−53	−36	−51	−282
Proceeds from sale of operations, net of cash disposed	121	72	0	0	—
Issuances of notes receivable	−24	−14	−4	—	—
Repayments of notes receivable	21	10	2	—	—
Purchases of investments	−5	−4	−440	—	—
Proceeds from investments	6	350	80	0	0
Other investing activities, net	4	−200,000	1	12	26
Investing cash flows from continuing operations	−201	137	−577	−171	−359
Investing cash flows from discontinued operations	0	0	2,621	−37	−41
Total cash (used in) provided by investing activities	−201	137	2,044	−208	−400
Proceeds from borrowings	85	200	924	23	528
Repayments on borrowings	−104	−699	−921	−38	−800
Repurchases of common stock, including excise tax payments	−77	−227	−1,525	−143	−127
Cash dividends paid	0	0	−22	−89	−91
Financing cash flows from finance leases	−12	−12	−11	—	—
Other financing activities, net	−5	−9	−11	−16	−10
Financing cash flows from continuing operations	−113	−746	−1,566	−263	−526
Financing cash flows from discontinued operations	0	0	−108	44	−9
Total cash used in financing activities	−113	−746	−1,674	−219	−536
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash	−300,000	0	−100,000	−5	2
Decrease in cash, cash equivalents and restricted cash	−17	−344	329	−148	−529
Interest paid	56	78	70	59	62
Income taxes paid	36	31	374	74	72

Filings

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