Valvoline Inc. reported earnings results for the fourth quarter and full year ended September 30, 2022. For the fourth quarter, the company reported sales was USD 335.4 million compared to USD 295.2 million a year ago. Net income was USD 157.7 million compared to USD 168.9 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.68 a year ago. Basic earnings per share was USD 0.89 compared to USD 0.93 a year ago. Diluted earnings per share was USD 0.88 compared to USD 0.92 a year ago.
For the full year, sales was USD 1,236.1 million compared to USD 1,037.2 million a year ago. Net income was USD 424.3 million compared to USD 420.3 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 1.09 a year ago. Basic earnings per share was USD 2.37 compared to USD 2.3 a year ago. Diluted earnings per share was USD 2.35 compared to USD 2.29 a year ago.