=Valvoline (VVV) reported earnings on Wed 6 Feb 2019 (a/h)

Valvoline misses by $0.04, misses on revs; lowers FY19 EPS and revenue guidance

• Reports Q1 (Dec) earnings of $0.27 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $0.31; revenues rose 2.2% year/year to $557 mln vs the $584.75 mln S&P Capital IQ Consensus.
• Co issues lowered guidance for FY19, sees EPS of $1.31-1.39 from $1.35-1.43, excluding non-recurring items, vs. $1.39 S&P Capital IQ Consensus; sees FY19 revs of +6-8% from +7-9% to ~$2.42-2.46 bln vs. $2.44 bln S&P Capital IQ Consensus.