Valvoline (NYSE:VVV) reported robust financial results for its fiscal fourth quarter, surpassing Wall Street expectations.
The Lexington, Kentucky-based company announced a net income of $92.3 million, translating to earnings of 71 cents per share.
After adjusting for non-recurring gains and discontinued operations, earnings stood at 46 cents per share, exceeding the Zacks Investment Research consensus estimate of 44 cents per share.
The company's revenue for the quarter reached $435.5 million, outperforming the anticipated $431.6 million projected by analysts surveyed by Zacks.
Over the fiscal year, Valvoline reported a profit of $211.5 million, or $1.61 per share, with total revenue amounting to $1.62 billion.
Looking ahead, Valvoline forecasts full-year earnings between $1.57 and $1.67 per share, with revenue projections ranging from $1.67 billion to $1.73 billion.