UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. Kentucky (State or other jurisdiction of incorporation or organization) 30-0939371 (I.R.S. Employer Identification No.) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended ...

业绩总结 - 第四季度营业收入为1.76亿美元，净收入为1.22亿美元，稀释每股收益为0.66美元[6] - 调整后第四季度营业收入为1.32亿美元，调整后EBITDA为1.50亿美元，调整后稀释每股收益为0.46美元[7] - 财年2020年总收入为23.53亿美元，同比下降2%，调整后EBITDA同比增长7%至5.10亿美元[9] - 第四季度系统范围内同店销售（SSS）同比增长14%，EBITDA增长16%[15] - 财年2020年净收入为3.17亿美元，同比增长52%[81] - 财年2020年调整后EBITDA为6.10亿美元，同比增长53%[80] 未来展望 - 财年2021年预计收入增长12%至14%，调整后EBITDA增长10%至14%[9] - 财年2021年调整后EBITDA预期为5.6亿至5.8亿美元[49] - 2021财年预计同店销售增长为6%至8%[49] - 国际市场在第四季度实现强劲的顺序改善，尽管拉丁美洲和印度出现同比下降[35] - 财年2021年预计在各地区实现显著的同比增长，尽管某些地区仍受COVID-19影响[38] 用户数据 - 第四季度净养老金和其他福利影响为2400万美元的税后收入[8] - 2020财年自由现金流为2.21亿美元，经营活动现金流为3.72亿美元[6][7] - 2020财年公司新增30个单位，年末门店总数为1462个，同比增长6%[17] 新产品和新技术研发 - 调整后的EBITDA占销售额的比例为17.1%，较2019年的15.5%提高了160个基点[75] - 2020财年国际调整后的EBITDA为226百万美元，较2019年的64百万美元大幅提升[83] 负面信息 - 2020财年调整后EBITDA利润率为34.1%，较2019年的36.5%下降240个基点[43] - 2020财年净利息及其他融资费用为9300万美元，同比增长2200万美元[47] 其他新策略和有价值的信息 - 自由现金流定义为经营现金流减去资本支出和其他适用的调整，提供了可用于债务和股权持有者的持续现金生成的指示[1] - Valvoline的EBITDA定义为净收入/损失加上所得税费用/收益、净利息和其他融资费用，以及折旧和摊销[1] - 管理层认为调整后的EBITDA为投资者提供了有意义的补充展示，反映了Valvoline的经营表现[1]

业绩总结 - 财务2020年销售额约为24亿美元[11] - 财务2020年调整后的EBITDA为510百万美元，同比增长7%[35] - 财务2020年净收入为317百万美元，较2019年的208百万美元增长52.4%[57] - 财务2020年调整后的每股收益为1.48美元，同比增长6%[35] - 财务2020年自由现金流约为3.4亿美元，主要用于投资和股东回报[52] - 财务2020年销售毛利率为39.6%，调整后为38.8%[58] - 财务2020年调整后的销售、一般和行政费用为447百万美元，较2019年的435百万美元增长2.8%[58] - 财务2020年自由现金流为150百万美元，较2019年的120百万美元增长25%[65] 用户数据 - 最新财季同店销售增长为8.3%[18] - 2020财年，快速润滑服务中心的同店销售（SSS）增长了4%[70] - 管理层认为高端润滑油的销售比例对盈利能力贡献更大，且该比例在快速润滑和核心北美业务中占比显著[69] 未来展望 - 财务2021年预计收入增长为12%至14%[35] - 财务2021年调整后的EBITDA预计增长为10%至14%[35] - 财务2021年计划新增140至160家门店，预计增长约10%[43] - 财务2020年国际业务恢复增长，预计将推动整体业绩改善[54] 新产品和新技术研发 - 财务2020年快速润滑业务贡献超过50%的调整后EBITDA[38] - 2020财年国际业务的润滑油销售量未计入收入，但管理层认为其对评估运营表现有帮助[69] 其他新策略 - 2016年至2020年间，EBITDA的变化为：2016年468百万美元，2017年574百万美元，2018年449百万美元，2019年399百万美元，2020年610百万美元[57]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. Kentucky 30-0939371 (State or other jurisdiction of incorporation or organ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. https://files.reportify. Kentucky 30-0939371 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☑ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Kentucky 30-0939371 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Valvoline Way Lexington, Kentucky 40509 Telephone Number (859) 357-7777 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 Securities Registered Pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol | Name of each exchange on which registered | | --- | --- | --- | | Common stock, par value $0.01 per share | VVV | New York Stock Exchange | Securities Registered Pursuant to Section 12(g) of the Ac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Kentucky 30-0939371 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Valvoline Way Lexington, Kentucky 40509 Telephone Numb ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. Kentucky (State or other jurisdiction of incorporation or organization) 3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________ Commission file number 001-37884 VALVOLINE INC. Kentucky (State or other jurisdiction of incorporation or organization ...