Exhibit 99.1

vvvlogo917a011a.jpg
NEWS RELEASE

Valvoline Reports Strong Fourth-Quarter and Fiscal Year 2020 Results; Provides Fiscal 2021 Outlook
Fourth-quarter summary
Reported net income of $122 million increased $95 million and earnings per diluted share (EPS) of $0.66 increased $0.52
Adjusted diluted EPS grew 15% to $0.46
Adjusted EBITDA of $150 million, up 16%
Sales grew 4% to $652 million, while lubricant volume declined slightly to 46.2 million gallons
Valvoline Instant Oil Change (VIOC) system-wide same-store sales (SSS) grew 8.3%
Cash and cash equivalents on hand of $760 million and total available liquidity of just over $1.3 billion as of Sept. 30, 2020
Full-year highlights
Reported net income of $317 million increased $109 million and EPS of $1.69 increased $0.59
Adjusted diluted EPS grew 6% to $1.48
Adjusted EBITDA of $510 million, up 7%
Sales declined 2% to $2.35 billion, while lubricant volume declined 6% to 168.0 million gallons
VIOC system-wide SSS grew 2.3%, the 14th consecutive year of SSS growth

LEXINGTON, Ky., October 28, 2020 – Valvoline Inc. (NYSE: VVV), a leading supplier of premium branded lubricants and automotive services, today reported financial results for its fourth quarter and fiscal year ended September 30, 2020. All comparisons in this press release are made to the same prior-year period unless otherwise noted.

“During the pandemic, our focus has remained on the health and safety of our employees, customers and business partners,” said CEO Sam Mitchell. “Our strong performance in Q4 continues to demonstrate the durability of our business and the tremendous efforts of the entire
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The following information was filed by Valvoline Inc (VVV) on Wednesday, October 28, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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