Valvoline Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 388.7 million compared to USD 344.5 million a year ago. Net income was USD 41.4 million compared to USD 1,227.3 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.19 a year ago. Basic earnings per share was USD 0.32 compared to USD 7.15 a year ago. Diluted earnings per share was USD 0.32 compared to USD 7.11 a year ago.
For the six months, sales was USD 762.1 million compared to USD 677.3 million a year ago. Net income was USD 73.3 million compared to USD 1,309.2 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.34 a year ago. Basic earnings per share was USD 0.56 compared to USD 7.55 a year ago. Diluted earnings per share was USD 0.56 compared to USD 7.5 a year ago.