The company has thoughtfully evaluated its purchase of renewable energy certificates (RECs), with most coming from renewable energy suppliers in the United States, including wind and solar projects established in the past 15 years. These efforts are helping to reduce the negative health impacts of air emissions including those related to ozone, fine particles, acid rain, and regional haze. The Green Power Partnership recognition is just one way Valvoline Inc. supports a culture of sustainability. In fiscal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. (Exact name of registrant as specified in its charter) Kentuck ...

Valvoline Inc. (NYSE:VVV) Q2 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Elizabeth Russell - Investor Relations Lori Flees - President & Chief Executive Officer Mary Meixelsperger - Chief Financial Officer Conference Call Participants David Bellinger - Mizuho Simeon Gutman - Morgan Stanley Kate McShane - Goldman Sachs Avanti Cheruvallath - Citi Mike Harrison - Seaport Research Partners Lydia Huang - JPMorgan Bret Jordan - Jefferies Operator Hello, and welcome to the Valvoline's ...

1 Second Quarter Fiscal 2024 Earnings Lori Flees, CEO & President Mary Meixelsperger, CFO Elizabeth Russell, Investor Relations 05.08.2024 TOME SAFE HARBOR Forward-Looking Statements Certain statements herein, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include, without limitation, executing on its growth strategy to create shareholder value by driving the full potenti ...

Exhibit 99.1 "The second quarter saw growth of 7.7% in system-wide same-store sales, while adjusted EBITDA increased 21%," said Lori Flees, President & CEO. "We delivered network growth of 38 net store additions this quarter, 14 of which came from our franchise partners." Flees continued, "We also repurchased $40 million of shares in the second quarter which completes the $1.6 billion share repurchase authorization. This fulfills our commitment to return a substantial amount of the net proceeds from the sal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. (Exact name of registrant as specified in its charter) Kent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. Kentucky 30-0939371 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

Valvoline Inc. (NYSE:VVV) Q4 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Elizabeth Russell - Investor Relations Lori Flees - President & Chief Executive Officer Mary Meixelsperger - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Inc Steven Zaccone - Citi Simeon Gutman - Morgan Stanley Kate McShane - Goldman Sachs Bret Jordan - Jefferies David Lantz - Wells Fargo Mike Harrison - Seaport Research Partners Operator Hello, everyone, and welcome to ...

1 Fourth Quarter Fiscal 2023 Earnings Lori Flees, President & CEO Mary Meixelsperger, CFO Elizabeth Russell, Investor Relations 11.09.2023 TOME SAFE HARBOR Forward-Looking Statements Certain statements herein, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may include, without limitation, benefits and synergies of the sale of Global Products; future opportunities for the rema ...

PART I – FINANCIAL INFORMATION [ITEM 1. FINANCIAL STATEMENTS (Unaudited)](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) Valvoline Inc.'s unaudited condensed consolidated financial statements and detailed notes are presented [Condensed Consolidated Statements of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) | Metric (In millions) | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Nine months ended June 30, 2023 | Nine months ended June 30, 2022 | | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Net revenues | $376.2 | $317.4 | $1,053.5 | $900.7 | | Gross profit | $150.7 | $127.8 | $396.2 | $347.3 | | Operating income | $86.5 | $61.1 | $177.0 | $153.1 | | Income from continuing operations | $64.5 | $39.8 | $124.4 | $97.0 | | (Loss) income from discontinued operations | $(2.9) | $58.4 | $1,246.4 | $169.6 | | Net income | $61.6 | $98.2 | $1,370.8 | $266.6 | | Metric (Per share amounts) | Three months ended June 30, 2023 | Three months ended June 30, 2022 | Nine months ended June 30, 2023 | Nine months ended June 30, 2022 | | :-------------------------------- | :------------------------------- | :------------------------------- | :------------------------------ | :------------------------------ | | Basic earnings per share (Continuing operations) | $0.40 | $0.22 | $0.74 | $0.54 | | Basic earnings per share (Discontinued operations) | $(0.02) | $0.33 | $7.35 | $0.94 | | Basic earnings per share (Total) | $0.38 | $0.55 | $8.09 | $1.48 | | Diluted earnings per share (Continuing operations) | $0.40 | $0.22 | $0.73 | $0.53 | | Diluted earnings per share (Discontinued operations) | $(0.02) | $0.33 | $7.31 | $0.94 | | Diluted earnings per share (Total) | $0.38 | $0.55 | $8.04 | $1.47 | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) | Metric (In millions) | June 30, 2023 | September 30, 2022 | | :-------------------------------- | :-------------- | :----------------- | | Total current assets | $1,087.1 | $1,621.1 | | Total noncurrent assets | $1,898.4 | $1,795.7 | | Total assets | $2,985.5 | $3,416.8 | | Total current liabilities | $405.9 | $919.4 | | Total noncurrent liabilities | $2,294.2 | $2,190.8 | | Stockholders' equity | $285.4 | $306.6 | | Total liabilities and stockholders' equity | $2,985.5 | $3,416.8 | - Cash and cash equivalents increased significantly from **$23.4 million** at September 30, 2022, to **$526.7 million** at June 30, 2023, primarily due to proceeds from the sale of the Global Products business[11](index=11&type=chunk) - Current assets held for sale decreased from **$1,464.2 million** to **$0**, reflecting the completion of the Global Products business sale[11](index=11&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Activity (In millions) | Nine months ended June 30, 2023 | Nine months ended June 30, 2022 | | :-------------------------------- | :------------------------------ | :------------------------------ | | Total cash (used in) provided by operating activities | $(48.4) | $191.2 | | Total cash provided by (used in) investing activities | $2,026.1 | $(143.6) | | Total cash used in financing activities | $(1,535.5) | $(178.0) | | Increase (decrease) in cash, cash equivalents and restricted cash | $442.8 | $(131.8) | | Cash, cash equivalents and restricted cash - end of period | $526.7 | $99.6 | - Investing cash flows significantly increased to **$2,026.1 million** in 2023, primarily driven by **$2,621.0 million** from discontinued operations, reflecting the sale of the Global Products business[13](index=13&type=chunk) - Financing cash flows used increased substantially to **$(1,535.5) million** in 2023, mainly due to **$1,395.5 million** in repurchases of common stock[13](index=13&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) | Stockholders' Equity (In millions) | Balance at September 30, 2022 | Balance at June 30, 2023 | | :-------------------------------- | :---------------------------- | :----------------------- | | Common stock (Amount) | $1.8 | $1.4 | | Paid-in capital | $44.1 | $44.8 | | Retained earnings | $282.0 | $222.2 | | Accumulated other comprehensive income (loss) | $(21.3) | $17.0 | | Totals | $306.6 | $285.4 | - Repurchases of common stock totaled **$1,149.9 million** for the three months ended June 30, 2023, significantly impacting retained earnings and common stock shares outstanding[14](index=14&type=chunk) - Net income for the nine months ended June 30, 2023, was **$1,370.8 million**, contributing to retained earnings[9](index=9&type=chunk)[14](index=14&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) [Note 1 - Basis of Presentation and Significant Accounting Policies](index=12&type=section&id=Note%201%20-%20Basis%20of%20Presentation%20and%20Significant%20Accounting%20Policies) Valvoline's unaudited financial statements follow U.S. GAAP, detailing the Global Products sale, IRA excise tax, and LIBOR transition - Sale of Global Products business completed March 1, 2023; operations classified as discontinued[23](index=23&type=chunk) - Inflation Reduction Act (IRA) excise tax on share repurchases: **$13.0 million** recognized in Retained earnings for **35.0 million** shares repurchased since January 1, 2023[26](index=26&type=chunk) - Transition from LIBOR to SOFR for Credit Agreement and interest rate swaps completed, with no outstanding LIBOR-based debt or swaps as of June 30, 2023[29](index=29&type=chunk)[30](index=30&type=chunk) [Note 2 - Discontinued Operations](index=14&type=section&id=Note%202%20-%20Discontinued%20Operations) Valvoline sold its Global Products business to Aramco for **$2.650 billion** cash, recognizing a **$1.572 billion** pre-tax gain, and entered into post-closing supply and transition agreements - Sale of Global Products completed March 1, 2023, for **$2.650 billion** cash[31](index=31&type=chunk) - Pre-tax gain on sale: **$1.572 billion** recognized in Income from discontinued operations[31](index=31&type=chunk) | Metric (In millions) | Nine months ended June 30, 2023 | Nine months ended June 30, 2022 | | :-------------------------------- | :------------------------------ | :------------------------------ | | Net revenues | $1,174.4 | $1,953.4 | | Operating (loss) income from discontinued operations | $113.2 | $223.3 | | Gain on sale of discontinued operations | $(1,571.6) | — | | (Loss) income from discontinued operations | $1,246.4 | $169.6 | - Post-closing arrangements include a long-term supply agreement for lubricants and ancillary products and a Transition Services Agreement for IT, legal, finance, and human resources support[35](index=35&type=chunk) [Note 3 - Fair Value Measurements](index=17&type=section&id=Note%203%20-%20Fair%20Value%20Measurements) Valvoline measures financial assets and liabilities at fair value using Level 1 (money market funds, deferred compensation) and Level 2 (time deposits, derivatives, swaps) inputs | Financial Assets at Fair Value (In millions) | Total (June 30, 2023) | Level 1 | Level 2 | | :-------------------------------- | :-------------------- | :------ | :------ | | Money market funds | $1.4 | $1.4 | — | | Time deposits | $277.5 | — | $277.5 | | Currency derivatives | $0.3 | — | $0.3 | | Interest rate swap agreements | $9.8 | — | $9.8 | | Deferred compensation investments