← VALVOLINE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.9b |
$2.1b
+9.38%
|
$2.3b
+8.29%
|
$2.4b
+4.60%
|
$2.4b
-1.55%
|
$3.0b
+26.69%
|
$1.2b
-58.53%
|
$1.4b
+16.78%
|
$1.6b
+12.16%
|
$1.7b
+5.64%
|
$2.0b
+14.83%
|
|
| Cost of Revenue | $1.2b |
$1.3b
+11.82%
|
$1.5b
+13.25%
|
$1.6b
+6.83%
|
$1.5b
-5.70%
|
$2.0b
+34.30%
|
$759.7m
-62.03%
|
$899.0m
+18.34%
|
$1.0b
+11.26%
|
$1.1b
+5.16%
|
$1.2b
+15.24%
|
|
| Cost of sales | $1.2b |
$1.3b
+11.82%
|
$1.5b
+13.25%
|
$1.6b
+6.83%
|
$1.5b
-5.70%
|
$2.0b
+34.30%
|
$759.7m
-62.03%
|
$899.0m
+18.34%
|
$1.0b
+11.26%
|
$1.1b
+5.16%
|
$1.2b
+15.24%
|
|
| Gross Profit | $761.0m |
$778.0m
+2.23%
|
$806.0m
+3.60%
|
$810.0m
+0.50%
|
$863.0m
+6.54%
|
$980.0m
+13.56%
|
$476.4m
-51.39%
|
$544.5m
+14.29%
|
$618.8m
+13.65%
|
$658.5m
+6.42%
|
$751.9m
+14.18%
|
|
| Research and Development Expense | — | $13.0m | $14.0m | $13.0m | $13.0m | $15.0m | — | — | — | — | — | |
| Selling, General and Administrative Expense | $365.0m | $375.0m | $430.0m | $449.0m | $442.0m | $520.0m | $244.7m | $264.5m | $305.1m | $349.9m | $411.6m | |
| Amortization of Intangible Assets | — | — | $6.0m | $9.0m | — | $16.0m | $16.6m | $16.8m | $16.7m | $14.5m | — | |
| Operating Income (Loss) | $431.0m |
$532.0m
+23.43%
|
$395.0m
-25.75%
|
$398.0m
+0.76%
|
$485.0m
+21.86%
|
$528.0m
+8.87%
|
$220.3m
-58.28%
|
$247.2m
+12.21%
|
$367.2m
+48.54%
|
$389.9m
+6.18%
|
$307.0m
-21.26%
|
|
| Other Operating Income (Expense), Net | $431.0m | $532.0m | $33.0m | $40.0m | $34.0m | $44.0m | $9.1m | $0 | $52.8m | $82.7m | — | |
| Income (Loss) from Equity Method Investments | — | $12.0m | $14.0m | $12.0m | $12.0m | $15.0m | — | — | — | — | — | |
| Other Income | — | $13.0m | — | — | — | — | — | — | — | — | — | |
| Other income, net | ($19.0m) | ($25.0m) | ($33.0m) | ($40.0m) | ($34.0m) | ($44.0m) | ($9.1m) | $0 | ($52.8m) | ($82.7m) | ($28.6m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | $433.0m | $282.0m | $212.0m | $399.0m | $483.0m | $119.1m | $242.7m | $286.5m | $281.4m | $176.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | $490.0m | $332.0m | $265.0m | $451.0m | $543.0m | $144.1m | $236.5m | $283.6m | $292.3m | $176.3m | |
| Current Income Tax Expense (Benefit) | — | $69.0m | $21.0m | $34.0m | $42.0m | $75.0m | $16.7m | $3.5m | $45.6m | $39.2m | $72.6m | |
| Income Tax Expense (Benefit) | $148.0m | $186.0m | $166.0m | $57.0m | $134.0m | $123.0m | $34.7m | $37.1m | $69.1m | $77.5m | $72.6m | |
| Net Income (Loss) Attributable to Parent | $273.0m |
$304.0m
+11.36%
|
$166.0m
-45.39%
|
$208.0m
+25.30%
|
$317.0m
+52.40%
|
$420.0m
+32.49%
|
$424.3m
+1.02%
|
$1.4b
+234.60%
|
$211.5m
-85.10%
|
$210.7m
-0.38%
|
$101.5m
-51.83%
|
|
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | $1.10 | $1 | $1 | $2 | $2 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | $1.09 | $1 | $1 | $2 | $2 | — | |
| Earnings Per Share, Basic | $0.00 | $1.49 | $0.84 | $1.10 | $1.70 | $2.30 | $2.37 | $8.79 | $1.63 | $1.65 | $0.80 | |
| Earnings Per Share, Diluted | $1.60 | $1.49 | $0.84 | $1.10 | $1.69 | $2.29 | $2.35 | $8.73 | $1.61 | $1.64 | $0.80 | |
| Continuing operations, basic earnings per share (usd per share) | — | — | — | — | — | $1.10 | $0.61 | $1.24 | $1.65 | $1.68 | — | |
| Discontinued operations, basic earnings per share (usd per share) | — | — | — | — | — | $1.20 | $1.76 | $7.55 | ($0.02) | ($0.03) | — | |
| Continuing operations, diluted earnings per share (usd per share) | — | — | — | — | — | $1.09 | $0.61 | $1.23 | $1.63 | $1.67 | — | |
| Discontinued operations, diluted earnings per share (usd per share) | — | — | — | — | — | $1.20 | $1.74 | $7.50 | ($0.02) | ($0.03) | — | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.20 | $0.30 | $0.42 | $1.70 | $2.30 | $2.37 | $8.79 | $0.00 | $1.65 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 170.0m | 204.0m | 197.0m | 189.0m | 187.0m | 182.0m | 179.1m | 161.6m | 130.1m | 127.9m | 127.8m | |
| Weighted average common shares outstanding, basic (in shares) | 170.0m | 204.0m | 197.0m | 189.0m | 187.0m | 182.0m | 179.1m | 161.6m | 130.1m | 127.9m | — | |
| Weighted average common shares outstanding, diluted (in shares) | 170.0m | 204.0m | 197.0m | 189.0m | 188.0m | 183.0m | 180.4m | 162.6m | 131.0m | 128.6m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 170.0m | 204.0m | 197.0m | 189.0m | 188.0m | 183.0m | 180.4m | 162.6m | 131.0m | 128.6m | 128.3m | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $3.3m | $4.2m | $6.6m | — | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $2.1m | — | |
| Net legacy and separation-related expenses (income) | $6.0m | $11.0m | $14.0m | $3.0m | ($30.0m) | ($24.0m) | $20.5m | $32.8m | ($700k) | $1.4m | — | |
| Net pension and other postretirement plan expenses (income) | ($35.0m) | ($138.0m) | $0 | $60.0m | ($59.0m) | ($126.0m) | $6.9m | ($27.6m) | $11.7m | $23.6m | — | |
| Net interest and other financing expenses | $9.0m | $42.0m | $63.0m | $73.0m | $93.0m | $111.0m | $69.3m | $38.3m | $71.9m | $74.0m | — | |
| Income from continuing operations | — | — | — | — | — | $200.1m | $109.4m | $199.4m | $214.5m | $214.8m | — | |
| (Loss) income from discontinued operations, net of tax | — | — | — | — | — | $220.2m | $314.9m | $1.2b | ($3.0m) | ($4.1m) | — | |
| Currency translation adjustments | $8.0m | $7.0m | ($10.0m) | ($12.0m) | $7.0m | $7.0m | ($39.6m) | $43.7m | $4.2m | ($3.0m) | — | |
| Amortization of pension and other postretirement plan prior service credits | ($1.0m) | ($8.0m) | ($9.0m) | ($9.0m) | ($9.0m) | ($9.0m) | ($1.7m) | ($1.7m) | ($1.7m) | ($1.7m) | — | |
| Unrealized loss on cash flow hedges | — | — | $0 | $0 | ($1.0m) | $2.0m | $12.5m | ($7.5m) | ($5.8m) | $0 | — | |
| Other comprehensive (loss) income | $7.0m | ($1.0m) | ($19.0m) | ($21.0m) | ($3.0m) | $0 | ($28.8m) | $34.5m | ($3.3m) | ($4.7m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $200.1m | $109.4m | $199.4m | $214.5m | $214.8m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $220.2m | $314.9m | $1.2b | ($3.0m) | ($4.1m) | — | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | ($35.0m) | ($138.0m) | $0 | $60.0m | ($59.0m) | ($126.0m) | $6.9m | ($27.6m) | $11.7m | $23.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.