10-Q · August 6, 2025
Valvoline reported June quarter net revenues of $439.0 million (up from $421.4 million a year ago) and diluted EPS of $0.44 (up from $0.37). Gross profit increased to $177.6 million and operating income was $94.7…
Earnings analysis · 10-Q
VVV earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Valvoline Inc. reported a strong Q2 2026 with revenue reaching $503.8 million, an increase of 25% year-over-year, surpassing estimates by approximately $9.7 million. The company achieved an EPS of $0.41, exceeding the…
Read full summary
Valvoline Inc. reported a strong Q2 2026 with revenue reaching $503.8 million, an increase of 25% year-over-year, surpassing estimates by approximately $9.7 million. The company achieved an EPS of $0.41, exceeding the consensus estimate of $0.35, driven by robust same-store sales growth and network expansion, although it faced increased operating expenses from debt and expansion efforts.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.41
What stood out
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Revenue Growth Exceeds Expectations
Valvoline reported revenue of $503.8 million in Q2 2026, up 25% year-over-year and exceeding estimates by $9.7 million.
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EPS Beats Estimates
Diluted EPS rose to $0.41, compared to estimates of $0.35, reflecting a 17% year-over-year increase.
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Strong Same-Store Sales Growth
Same-store sales growth was 8.2%, supported by a favorable service mix and price increases.
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Adjusted EBITDA Increases Significantly
Adjusted EBITDA grew by 28% to $133.6 million compared to the prior year, indicating improved operational efficiency.
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Successful Network Expansion
Valvoline expanded its network with 331 net new stores, bolstering its revenue potential.
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Cash Flow Improvement
Cash provided by operating activities increased to $160.2 million, up $67 million from the prior year.
What to watch
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Higher Debt Levels Post-Acquisition
Total debt rose to $1,657.7 million, increasing leverage concerns following the Breeze acquisition.
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Increased Operating Expenses
Selling, general, and administrative expenses increased by $15.1 million year-over-year, driven by investments in scaling the business.
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Material Weakness in Internal Controls
Existing control deficiencies may increase risks of undetected misstatements in financial reporting.
Management's outlook
Guidance updated to reflect stronger growth expectations.
Earlier filings 4
10-Q · May 10, 2024
Valvoline's Q2 2024 results indicated a robust improvement in operating performance with a revenue increase to $388.7 million, a gross margin of 37.6%, and diluted EPS of $0.32. Despite a slight decline from last…
10-Q · February 6, 2024
Valvoline reported net revenues of $373.4M for the quarter ended December 31, 2023, up from $332.8M a year earlier, with gross profit rising to $134.8M and operating income improving to $62.8M. Continuing-operations…
10-K · November 20, 2023
Valvoline completed the sale of its Global Products segment on March 1, 2023 and is now a pure-play North American retail services company operating and franchising a large quick-lube network. The company reported…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.