Valvoline Reports Third-Quarter Results

Sales grew 21% to $957 million driven by strong demand and pricing actions.

Global Products sales increased 24% primarily driven by volume growth of 9% and pricing actions.

The pricing actions we took in Q3 normalized our margins on a per-transaction basis, while product sales to our
franchisees remain dilutive to overall margin percentage due to the price pass-through of higher raw material costs.