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Sep 30, 2021
Valvoline Q4 2021 Earnings Report
Valvoline's Q4 2021 earnings reflected strong performance with sales growth across both Retail Services and Global Products segments.
Key Takeaways
Valvoline reported a strong fourth quarter with a 28% increase in sales to $835 million. Net income grew by 38% and EPS increased by 39%. The company's Retail Services and Global Products segments both contributed to the robust performance.
Reported net income of $168 million grew 38% and EPS of $0.92 increased 39%.
Adjusted EPS of $0.50 improved 11% and adjusted EBITDA of $155 million increased 5%.
Sales grew 28% to $835 million; Retail Services sales increased 39% and Global Products sales increased 21%.
Retail Services system-wide SSS increased 20.1%.
Forward Guidance
Valvoline provided its outlook for fiscal year 2022, anticipating sales growth of 19-21%, Retail Services system-wide store additions of 110-130, Retail Services system-wide SSS growth of 9-12%, and adjusted EBITDA of $675-$700 million.
Positive Outlook
- Sales growth of 19-21%
- Retail Services system-wide store additions of 110-130
- Retail Services system-wide SSS growth of 9-12%
- Adjusted EBITDA of $675-$700 million
- Free cash flow $260 —$300 million
Challenges Ahead
- Supply chain impacts will pressure margins in the first half of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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