Valvoline's Q4 2020 results exceeded expectations, demonstrating the resilience of its business model. The company reported a net income of $122 million, a 4% increase in sales to $652 million, and an adjusted EPS growth of 15% to $0.46. Strong performance in Quick Lubes and Core North America, along with improved profitability in International, drove the positive results.
Net income increased to $122 million, a $95 million increase year-over-year.
Adjusted diluted EPS increased by 15% to $0.46.
Sales grew by 4% to $652 million.
VIOC system-wide same-store sales grew by 8.3%.
Valvoline expects to generate low double-digit growth in adjusted EBITDA for fiscal year 2021, driven by its diversified business model and the strength of its quick lubes segment.
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