Valvoline Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 373.4 million compared to USD 332.8 million a year ago. Net income was USD 31.9 million compared to USD 81.9 million a year ago.

Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.15 a year ago. Basic earnings per share was USD 0.24 compared to USD 0.47 a year ago.

Diluted earnings per share was USD 0.24 compared to USD 0.46 a year ago.