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TM Valvoline . Valvoline Reports First - Quarter Results • • • PRESS RELEASE Reported net income of $ 87 million grew 19 % and earnings per diluted share ( EPS ) of $ 0.47 grew 21 % Adjusted diluted EPS of $ 0.41 grew 17 % and adjusted EBITDA of $ 145 million grew 21 % Sales grew 8 % to $ 653 million Quick Lubes system - wide same - store sales ( SSS ) grew 6.0 % Returned $ 81 million of cash to shareholders via dividends and share repurchases As of January 31 , 2021 , total available liquidity of approximately $ 700 million including cash and cash equivalents on hand of over $ 200 million after using $ 312 million in January to redeem senior notes due 2025 LEXINGTON , Ky . , February 3 , 2021 - Valvoline Inc. ( NYSE : VVV ) , a leading supplier of premium branded lubricants and automotive services , today reported financial results for its first fiscal quarter ended December 31 , 2020. All comparisons in this press release are made to the same prior - year period unless otherwise noted . “ Our strong results in Q1 mark a great start to the fiscal year and continue to demonstrate the resiliency and adaptability of our business , ” said CEO Sam Mitchell . " We delivered this impressive performance while remaining focused on the health and safety of our employees , customers and business partners . " Profitability improved across all segments versus last year . Quick Lubes operating income growth of 13 % and EBITDA growth of 21 % were driven by strong top- and bottom - line performance and robust unit additions . Core North America's operating income and EBITDA were each up 2 % demonstrating continued resilience in the current challenging environment . Broad - based top - line growth and margin improvement led to a 70 % increase in International operating income and a 64 % increase in segment EBITDA . Mitchell continued , “ We also returned $ 81 million in cash to shareholders in the quarter including dividends , which increased by 11 % , and the completion of $ 58 million in share repurchases . Our dividend and share repurchases demonstrate the confidence that management and our Board have in the ongoing cash generation of the business . ” 1