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Valvoline Inc. (NYSE: VVV) is a prominent global leader in automotive preventive maintenance, known for its innovative and high-quality services. The company specializes in the production, marketing, and sales of automotive maintenance products, particularly lubricants. Valvoline offers a range of products, including engine oil, heavy-duty engine oil, motorcycle oil, grease, and brake fluid. Valvoline's operations are extensive, with the majority of its revenue generated in the United States.
Valvoline's business model is anchored in its Valvoline Instant Oil Change℠ (VIOC) service centers, which operate over 1,900 locations across North America. These centers provide quick and trusted services like 15-minute stay-in-your-car oil changes, battery, bulb, and wiper replacements, tire rotations, and other manufacturer-recommended maintenance services. The company’s commitment to quality service is reflected in its 4.6 out of 5-star rating, based on surveys from over 900,000 VIOC customers annually.
Valvoline has a rich history of innovation dating back to its founding, consistently reinventing formulas for racing, high-mileage, and synthetic recycled motor oils. This tradition of innovation continues as Valvoline invests in the latest technologies and processes to serve an evolving car parc.
The company has also demonstrated significant financial growth and resilience. In fiscal year 2023, Valvoline reported $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 consecutive years of same-store sales growth. Recent achievements include completing the sale of its Global Products segment, returning $1.5 billion to shareholders through share repurchases, and a leadership transition that sets the foundation for continued growth and shareholder value creation.
Valvoline is actively involved in community support and partnerships. Notably, select VIOC locations have teamed up with the American Cancer Society’s Road to Recovery Program, raising over $493,000 since 2017. The company’s dedication to social responsibility underscores its broader commitment beyond business operations.
Valvoline's strategy moving forward focuses on expanding its network, enhancing shareholder value, and innovating automotive service offerings to meet customer needs. With plans to add 140-170 new stores in fiscal 2024, the company is on a robust growth trajectory.
Valvoline Inc. is not just about automotive products; it’s about creating long-term value for its shareholders, providing exceptional service to its customers, and making a positive impact on the community. To learn more, visit Valvoline's official website.
Greenbriar Equity Group has announced a definitive agreement to sell Breeze Autocare to Valvoline (VVV), a major preventive automotive maintenance provider with over 2,000 locations across the U.S. and Canada. Founded in 1984, Breeze operates quick lube, car wash, and light repair services through a unique 'stay-in-car' model.
Since Greenbriar's investment in 2021, Breeze has expanded through new site developments and acquisitions while achieving strong organic growth. The company currently serves over 1.8 million customers annually. Breeze has transformed from a regional player to a national competitor, implementing innovative technology across its operations.
Valvoline (NYSE: VVV) has announced a definitive agreement to acquire Breeze Autocare for approximately $625 million in cash. The acquisition includes nearly 200 stores across 17 states, primarily operated under the Oil Changers brand, generating $200 million in net sales for its most recent year.
The transaction, expected to close in fiscal Q3 2025, will be funded through a newly issued Term Loan B. This acquisition will expand Valvoline's network to more than 2,200 locations across North America, advancing towards their goal of 3,500-plus stores. The purchase price represents a 10.7x multiple of Breeze Autocare's adjusted EBITDA.
The deal is expected to be relatively neutral to Valvoline's adjusted diluted EPS in the first year and accretive over time. Valvoline will pause share repurchases and aims to reach a rating agency adjusted net leverage ratio of 2.5x - 3.5x within 24 months post-close.
Valvoline (NYSE: VVV) reported strong Q1 FY2025 results with notable growth across key metrics. Sales increased 11% to $414 million, driven by system-wide same-store sales (SSS) growth of 8.0%. System-wide store sales grew 14% to $820 million.
The company expanded its network with 35 new store additions (14 franchise and 21 company-operated) during the quarter. Income from continuing operations reached $94 million, up 177%, with EPS of $0.73 increasing 181%. Adjusted EBITDA grew 14% to $103 million, while adjusted EPS rose 10% to $0.32.
The company completed a refranchising transaction in Texas and returned $39 million to shareholders through share repurchases. Valvoline maintains $346 million in remaining share repurchase authorization and reports being on track for full-year guidance.
Valvoline Inc. (NYSE: VVV) has announced partnerships with The Ohio State University Athletics and University of Tennessee Athletics. The collaboration began during the first 12-team College Football Playoff and will extend through the 2024-25 basketball and hockey seasons.
The partnership includes presence at men's and women's basketball games, men's ice hockey games, and features sweepstakes, promotions, FanZone activities, and exclusive fan savings. Valvoline Instant Oil Change operates 113 service centers in Ohio and 73 in Tennessee.
The partnership aims to highlight the parallel between athletic excellence and Valvoline's service quality, noting that their technicians complete over 270 hours of training. This initiative is part of several recent sports sponsorships by the company to emphasize their expertise in vehicle maintenance.
Valvoline Inc. (NYSE: VVV), a leader in preventive automotive maintenance, has announced plans to report its fiscal first quarter 2025 financial results on February 6, 2025. The company will host a live audio webcast with analysts and investors at 9 a.m. ET on the same day. The webcast and slide presentation will be accessible through Valvoline's Investor Relations website, with a replay available shortly after the call concludes.
Valvoline Inc. (NYSE: VVV) has achieved top recognition in Entrepreneur's 46th annual Franchise 500®, ranking as the #1 automotive services retailer for the second consecutive year and placing 24th overall among franchise brands for 2025.
The company, which currently operates more than half of its preventive automotive maintenance service centers through franchisees, has ambitious expansion plans. Valvoline is targeting 250 store openings annually with the goal of reaching over 3,500 total retail locations.
The Entrepreneur Franchise 500® ranking evaluates companies based on cost and fees, size and growth, support, and brand strength, considering only businesses with a minimum of 10 franchise units seeking expansion in the United States and Canada.
Valvoline (NYSE: VVV) has achieved significant recognition in Forbes' 'Best Customer Service 2025' list, ranking 18th among 300 brands and securing the top position among instant oil change companies. The ranking was determined through surveys of 181,000 U.S. consumers who evaluated over 3,500 brands.
The company maintains an impressive 4.7 out of 5-star rating based on annual feedback from over 1 million customers. Operating more than 2,010 service centers across the United States and Canada, Valvoline offers convenient stay-in-car oil changes completed in approximately 15 minutes.
Chief Customer Officer Laura Carpenter emphasized the company's commitment to delivering exceptional service across all preventive automotive maintenance services, crediting the success to dedicated franchise partners, teams, and retail service center managers.
Valvoline Inc. (NYSE: VVV) is advising drivers to prepare their vehicles for extreme winter conditions as a polar vortex approaches the United States. The company highlights four key maintenance areas: battery charge testing, as cold temperatures reduce power output and charging capacity; windshield wiper inspection for optimal visibility; fluid level maintenance to prevent thickening or freezing; and tire pressure monitoring due to cold-weather air contraction.
The company's Valvoline Instant Oil Change service centers offer these 'winter road ready' services, many at no charge, with no appointment necessary. Their services include 15-minute stay-in-your-car oil changes, battery replacements, and other maintenance services, maintaining a 4.7 out of 5 star rating based on over 1 million customer surveys annually.
Valvoline (NYSE: VVV) announced its upcoming participation in the Morgan Stanley Global Consumer and Retail Conference. The company will engage in a fireside chat on Tuesday, December 3, at 3:00 p.m. ET. The event will be accessible through a live audio webcast on Valvoline's investor relations website, with an archived version available after the live presentation.
Franchise Equity Partners (FEP) has announced a strategic partnership with Valvoline Inc. to acquire 38 company-owned stores in West Texas, including locations in Austin, San Antonio, El Paso, and surrounding areas. The stores will be operated under a newly formed entity called Velocity Auto Care. FEP has assembled a leadership team including Robert Fish as CEO, Ashish Chapagain as CFO, and Spencer Mason as VP of Operations. The partnership aims to strengthen Valvoline's brand presence and growth strategy across Texas while maintaining their focus on preventive automotive maintenance services.
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