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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.
Valvoline reported a strong fiscal 2021, with net income increasing 32% to $420 million and EPS reaching $2.29, up 36%. Sales rose 27% to $3 billion, driven by a 38% surge in Retail Services and a 20% increase in Global Products. Fourth-quarter results showed net income of $168 million, a 38% rise, with adjusted EBITDA improving 5% to $155 million. The company plans to separate its Retail Services and Global Products segments to enhance growth and capitalization. Valvoline anticipates sales growth of 19-21% for fiscal 2022, with adjusted EPS guidance between $2.06 and $2.18.
Valvoline Inc. (NYSE: VVV) has launched XEV, its first product suite in China targeting hybrid, plug-in hybrid, and electric vehicles. Developed in partnership with Tuhu, this innovative range includes motor oil, battery protection fluid, and more, aiming to boost vehicle performance while cutting maintenance costs. The launch aligns with a forecast that predicts over 50% of new vehicle sales in China will be new energy vehicles by 2035, signaling Valvoline's strategic shift towards electrification in a changing automotive landscape.
Valvoline Inc. (NYSE: VVV) announced plans to report its fiscal fourth quarter financial results on Nov. 3, 2021, after market close. A live audio webcast for analysts and investors will follow on Nov. 4, 2021, at 9 a.m. ET. Valvoline operates approximately 1,600 service center locations and has established itself as the No. 1 supplier of battery fluids for electric vehicles. The webcast and presentation will be available on its Investor Relations website, with replays accessible afterwards.
Valvoline Inc. (NYSE: VVV) announced plans to separate its Retail Services and Global Products segments, aiming to enhance shareholder value and operational focus. The Retail Services segment, contributing over half of adjusted EBITDA, is expected to report $1.2 billion in sales for fiscal 2021, a 38% increase year-over-year. Global Products anticipates $1.8 billion in sales, up 20%. The separation's timetable is yet to be established, with financial results for fiscal 2021 set for November 3, 2021, predicting total sales of $3 billion, up 27% from the previous year.
Valvoline Inc. (NYSE: VVV) and Cummins Inc. have renewed their marketing and technology partnership for five years. This collaboration will continue to promote Valvoline's Premium Blue™ engine oil, which Cummins will endorse and sell globally. Cummins' plants will utilize Valvoline products in daily operations. The partnership, established in the mid-1990s, has resulted in award-winning products like Valvoline Premium Blue One Solution. This renewal aims to enhance engine performance and lower operating costs for customers worldwide.
Valvoline Inc. (NYSE: VVV) reported strong financial results for Q3 2021, with operating income up 28% and adjusted EBITDA growing 35% compared to Q3 2019. The Retail Services segment saw over 40% same-store sales growth and doubled profitability. Global Products delivered 46% sales growth, showcasing strong pricing power. Despite rising raw material costs impacting profitability, Valvoline expects to generate $200 million in discretionary free cash flow this year. The company is tightening its adjusted EBITDA guidance to $620 million to $640 million and plans to return excess cash to shareholders.
Valvoline Inc. (NYSE: VVV) has signed a definitive agreement to acquire six franchise-owned Valvoline Instant Oil Change quick-lube service centers from Phoenix 27, LLC, located in Kentucky. This acquisition aims to strengthen Valvoline's Retail Services segment and is expected to close in Q4 FY 2021. While financial terms were undisclosed, Valvoline continues to pursue growth through both organic expansion and acquisitions, enhancing its established network of 49 company-owned locations in Kentucky.
Valvoline Inc. (NYSE: VVV) has published its 2020 Corporate Social Responsibility (CSR) report, highlighting achievements in citizenship, sustainability, and diversity. Key accomplishments include an injury rate 24% below the industry average, reaching zero-landfill status at 67% of supply chain sites, and recycling 5.1 million pounds of materials. The company spent $96 million on diverse suppliers and raised nearly $700,000 for charity. CEO Sam Mitchell praised the team’s resilience during 2020’s challenges, emphasizing their commitment to corporate social responsibility through stakeholder engagement.
Valvoline (NYSE: VVV) announced it will report financial results for its fiscal third quarter on Aug. 4, 2021, after market close. The company will also host a live audio webcast on Aug. 5, 2021, at 9 a.m. ET for analysts and investors. Valvoline is a leading provider of automotive services and premium lubricants, operating over 1,500 quick-lube locations worldwide. The presentation will be available on their Investor Relations website, where a replay of the webcast will also be accessible shortly after the call.
Valvoline Instant Oil Change (VIOC) is launching a fundraising campaign for the Jimmy Fund from July 19 to September 5, 2021, encouraging customers in New England to contribute $1 to support cancer research and care at Dana-Farber Cancer Institute. Each donation will earn a promotion card with a guaranteed prize. Henley Enterprises has raised over $297,000 for this initiative to date. CEO Don Smith emphasized the importance of the Jimmy Fund in the community, and the partnership is now in its eighth year, highlighting the ongoing commitment to combating cancer.
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