VALVOLINE INC
For the period ended Sep 30, 2024. Filed Nov 22, 2024.
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FY2024 · Filed Nov 22, 2024
VVV$35.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income
| Valvoline Inc. and Consolidated Subsidiaries | |||
|---|---|---|---|
| Consolidated Statements of Comprehensive Income | |||
| (In millions, except per share amounts) | 2024 | 2023 | 2022 |
| Net revenues | $1,619.0 | $1,443.5 | $1,236.1 |
| Cost of sales | 1,000.2 | 899.0 | 759.7 |
| Gross profit | 618.8 | 544.5 | 476.4 |
| Selling, general and administrative expenses | 305.1 | 264.5 | 244.7 |
| Net legacy and separation-related (income) expenses | (0.7) | 32.8 | 20.5 |
| Other income, net | (52.8) | — | (9.1) |
| Operating income | 367.2 | 247.2 | 220.3 |
| Net pension and other postretirement plan expense (income) | 11.7 | (27.6) | 6.9 |
| Net interest and other financing expense | 71.9 | 38.3 | 69.3 |
| Income before income taxes | 283.6 | 236.5 | 144.1 |
| Income tax expense | 69.1 | 37.1 | 34.7 |
| Income from continuing operations | 214.5 | 199.4 | 109.4 |
| (Loss) income from discontinued operations, net of tax | (3.0) | 1,220.3 | 314.9 |
| Net income | $211.5 | $1,419.7 | $424.3 |
| NET EARNINGS PER SHARE | |||
| Basic earnings (loss) per share | |||
| Continuing operations | $1.65 | $1.24 | $0.61 |
| Discontinued operations | (0.02) | 7.55 | 1.76 |
| Basic earnings per share | $1.63 | $8.79 | $2.37 |
| Diluted earnings (loss) per share | |||
| Continuing operations | $1.63 | $1.23 | $0.61 |
| Discontinued operations | (0.02) | 7.50 | 1.74 |
| Diluted earnings per share | $1.61 | $8.73 | $2.35 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | |||
| Basic | 130.1 | 161.6 | 179.1 |
| Diluted | 131.0 | 162.6 | 180.4 |
| COMPREHENSIVE INCOME | |||
| Net income | $211.5 | $1,419.7 | $424.3 |
| Other comprehensive income (loss), net of tax | |||
| Currency translation adjustments | 4.2 | 43.7 | (39.6) |
| Amortization of pension and other postretirement plan prior service credits | (1.7) | (1.7) | (1.7) |
| Unrealized (loss) gain on cash flow hedges | (5.8) | (7.5) | 12.5 |
| Other comprehensive (loss) income | (3.3) | 34.5 | (28.8) |
| Comprehensive income | $208.2 | $1,454.2 | $395.5 |
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