Manufacturing
Valvoline Provides Business Update
The company reported sales increases of 33%.
The company reported sales increases of 33%.
The company also announces an amendment to its Senior Secured Credit Facility.
Sales went up 13.3 percent for a record year.
Company also discusses COVID-19 impact and measures.
The company delivered net sales of $2.7 billion.
Revenues increased 14.8% to $28.4 million compared to first quarter 2019.
First-quarter results reflect the impact of COVID-19 which began in March.
Sales totaled $654.9 million for the first quarter.
The company reported first-quarter sales of $1.34 billion.
The 100% associate-owned company’s new share value is $476.30, up $14.20/share.
