胜牌 2026年季度报告

FORM 10-Q (Mark one) ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ___________Commission file number 001-37884VALVOLINE INC. (Exact name of registrant as specified in its charter) 30-0939371 Kentucky (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 100 Valvoline Way, Suite 100Lexington, Kentucky 40509(Address of principal executive offices) (Zip Code) Telephone Number(859)357-7777(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).YesNoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No At January30, 2026, there were 127,315,826 shares of the registrant’s common stock outstanding. TABLE OF CONTENTS PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (Unaudited) Condensed Consolidated Statements of Comprehensive Income3Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Cash Flows5Condensed Consolidated Statements of Stockholders' Equity6Notes to Condensed Consolidated Financial Statements7 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK PART II – OTHER INFORMATION ITEM 1.LEGAL PROCEEDINGS PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS Valvoline Inc. and Consolidated SubsidiariesCondensed Consolidated Statements of Comprehensive Income Index to Notes to Condensed Consolidated Financial Statements Page Note 1 - Basis of Presentation and Significant Accounting PoliciesNote 2 - Fair Value MeasurementsNote 3 - Acquisitions and DispositionsNote 4 - Intangible AssetsNote 5 - DebtNote 6 - Income TaxesNote 7- Employee Benefit PlansNote 8- Litigation, Claims and ContingenciesNote 9- Earnings Per ShareNote 10- Reportable Segment InformationNote 11- Supplemental Financial Information Valvoline Inc. and Consolidated SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) NOTE 1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared by Valvoline Inc.(“Valvoline” or the “Company”) in accordance with accounting principles generally accepted in the United States ofAmerica (“U.S. GAAP”) and Securities and Exchange Commission regulations for interim financial reporting, which do notinclude all information and footnote disclosures normally included in annual financial statements. Therefore, thesecondensed consolidated financial statements should be read in conjunction with Valvoline’s Annual Report on Form10-Kfor the fiscal year ended September30, 2025. Certain prior period amounts have been reclassified to conform to thecurrent presentation. Use of estimates, risks and uncertainties The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires managementto make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and thedisclosures of contingent matters.Although management bases its estimates on historical experience and various otherassumptions that are believed to be reasonable under the circumstances, actual results could differ significantly from theestimates under different assumptions or condition