Filing Flows › Valvoline (VVV) › Q4 FY24
Valvoline (VVV) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
Valvoline (VVV) reported revenue of $436M for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +3% from the quarter before. Operating margin was 30.9%, net earnings $92.3M (21.2% of revenue).
Valvoline, Q4 FY24: revenue $436M (+12% year over year), operating margin 30.9%, net earnings $92.3M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $436M | +3% | +12% |
| Gross profit | $170M | +2% | +15% |
| Operating profit | $135M | +44% | +92% |
| Net earnings | $92.3M | +101% | +89% |
| Operating cash flow | $101M | +34% | 13× |
| Free cash flow | $29.9M | +205% | — |
What changed
Revenue was $435.5M in Q4 FY24, up 12% year over year and up 3% from the previous quarter.
Gross margin was 39.1%, up 1.1 points from a year earlier. Operating profit was $134.6M, a 30.9% margin (up 12.9 points year over year). Of the extra revenue versus a year earlier, 142% reached operating profit, above the 18% margin then. Operating expenses fell 54% while revenue rose 12%. Net earnings were $92.3M, up 89% year over year. The effective tax rate was 22.1%.
Operating cash flow was $101.3M (up 1233% year over year), 110% of net earnings. Non-cash charges added back $2.6M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $71.4M left free cash flow of $29.9M.
Questions
What was Valvoline's revenue in the fourth quarter fiscal 2024?
Valvoline (VVV) reported revenue of $436M for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +3% from the quarter before.
Was Valvoline profitable in the fourth quarter fiscal 2024?
Operating profit was $135M (30.9% of revenue) and net earnings $92.3M.
Source: Valvoline 10-K on SEC EDGAR.