Ashland Earnings

Another earnings result, this one from Ashland, parent company of Valvoline. For the quarter ended June 30, Valvoline saw operating income decline by 6 percent, from $27.9 million to $26.1 million versus the same period a year ago. Sales and operating revenues of $428 million increased 5 percent, largely due to price increases, the company noted. 

“Valvoline’s total lubricant volume increased 1 percent, primarily from the Do-It-F0r-Me installer channel and international sales, partially offset by reduced volumes in the Do-It-Yourself channel,” the company’s release announced. 
Ashland president James O’Brien noted that further price increases by Valvoline would result in increased earnings for the company, but that the quarter ending September 30 will likely be less than earnings from the prior year.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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