U.S. COMPANY FILING
VALVOLINE INC — Form 10-K filed 2025-11-21
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Valvoline's FY2025 10-K shows net revenues up 5.6% to $1.71B, adjusted EBITDA up 5.5% to $466.8M. Plans to acquire Breeze Autocare for $740M in December 2025, pausing buybacks to prioritize deleveraging. Operating cash flow rose to $307.1M, but free cash flow fell. Risks include high debt and underfunded pensions.
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