Valvoline - VVV STOCK NEWS

Valvoline Inc. (NYSE: VVV) has received a Second Request for Additional Information and Documentary Material from the U.S. Federal Trade Commission regarding its proposed acquisition of Breeze Autocare from Greenbriar Equity Group. This request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after both parties have complied with the requests.

The acquisition's completion remains contingent on the expiration or termination of the HSR Act waiting period and other customary closing conditions. Valvoline plans to continue working with the FTC and anticipates the transaction will close in the second half of fiscal 2025.

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.