← VALVOLINE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.9b | $2.1b | $2.3b | $2.4b | $2.4b | $3.0b | $1.2b | $1.4b | $1.6b | $1.7b | |
| Cost of Revenue | $1.2b | $1.3b | $1.5b | $1.6b | $1.5b | $2.0b | $759.7m | $899.0m | $1.0b | $1.1b | |
| Cost of sales | $1.2b | $1.3b | $1.5b | $1.6b | $1.5b | $2.0b | $759.7m | $899.0m | $1.0b | $1.1b | |
| Gross Profit | $761.0m | $778.0m | $806.0m | $810.0m | $863.0m | $980.0m | $476.4m | $544.5m | $618.8m | $658.5m | |
| Operating Income (Loss) | $431.0m | $532.0m | $395.0m | $398.0m | $485.0m | $528.0m | $220.3m | $247.2m | $367.2m | $389.9m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | $6.0m | $9.0m | — | $16.0m | $16.6m | $16.8m | $16.7m | $14.5m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $3.3m | $4.2m | $6.6m | |
| 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 | |
| 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 | |
| Income (Loss) from Equity Method Investments | — | $12.0m | $14.0m | $12.0m | $12.0m | $15.0m | — | — | — | — | |
| Other Income | — | $13.0m | — | — | — | — | — | — | — | — | |
| Other Operating Income | $431.0m | $25.0m | $395.0m | $398.0m | $485.0m | $528.0m | $220.3m | $247.2m | $367.2m | $389.9m | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $2.1m | |
| Other income, net | ($19.0m) | ($25.0m) | ($33.0m) | ($40.0m) | ($34.0m) | ($44.0m) | ($9.1m) | $0 | ($52.8m) | ($82.7m) | |
| 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 before Income Taxes, Noncontrolling Interest | — | $490.0m | $332.0m | $265.0m | $451.0m | $543.0m | $144.1m | $236.5m | $283.6m | $292.3m | |
| 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) | |
| Total income before income taxes | — | — | — | — | — | $260.0m | $144.1m | $236.5m | $283.6m | $292.3m | |
| Net Income (Loss) Attributable to Parent | $273.0m | $304.0m | $166.0m | $208.0m | $317.0m | $420.0m | $424.3m | $1.4b | $211.5m | $210.7m | |
| Earnings Per Share, Basic | $0.00 | $1.49 | $0.84 | $1.10 | $1.70 | $2.30 | $2.37 | $8.79 | $1.63 | $1.65 | |
| Earnings Per Share, Diluted | $1.60 | $1.49 | $0.84 | $1.10 | $1.69 | $2.29 | $2.35 | $8.73 | $1.61 | $1.64 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.20 | $0.30 | $0.42 | $1.70 | $2.30 | $2.37 | $8.79 | $1.63 | $1.65 | |
| 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) | |
| 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 | |
| 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 | |
| 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 | |
| Selling, general and administrative expenses | $365.0m | $375.0m | $430.0m | $449.0m | $442.0m | $520.0m | $244.7m | $264.5m | $305.1m | $349.9m | |
| 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 | |
| Current Income Tax Expense (Benefit) | — | $69.0m | $21.0m | $34.0m | $42.0m | $75.0m | $16.7m | $3.5m | $45.6m | $39.2m | |
| Income tax expense | $148.0m | $186.0m | $166.0m | $57.0m | $134.0m | $123.0m | $34.7m | $37.1m | $69.1m | $77.5m | |
| 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 | |
| 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 Tax Expense (Benefit) | $148.0m | $186.0m | $166.0m | $57.0m | $134.0m | $123.0m | $34.7m | $37.1m | $69.1m | $77.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.