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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 Inc. (NYSE: VVV) has launched its new Valvoline™ Full Synthetic Extended Protection motor oil, deemed its most advanced product yet. The oil is proven to be 10 times stronger against breakdown and offers 50% better engine wear protection compared to industry standards. Designed to enhance engine performance and longevity, it addresses critical issues in today's high-performance engines, including thermal stability and cleanliness. The product surpasses the latest oil specifications and offers additional protection against common engine problems.
Valvoline Inc. (NYSE: VVV) has announced a landmark partnership with the Toronto Blue Jays for the 2021 MLB season. This collaboration marks Valvoline Canada's first alignment with a Canadian sports team, enhancing its brand visibility across the nation. Valvoline will utilize various marketing channels, including social media, outdoor advertising, and in-stadium promotions during 80 home games. The partnership aims to celebrate Valvoline's heritage as 'The Original Motor Oil' and connect with Canadian audiences.
Valvoline Inc. (NYSE: VVV) has improved its CDP score to a "B" in its inaugural year of public reporting, indicating significant progress in sustainability efforts. The enhancement is attributed to better operational efficiencies and innovative product development aimed at lowering greenhouse gas emissions. Valvoline collaborated with Schneider Electric for support in energy tracking and sustainability strategies, utilizing the EcoStruxure™ Resource Advisor platform to advance its environmental initiatives. This commitment highlights Valvoline's dedication to minimizing environmental impacts while maintaining quality service.
Valvoline Inc. (NYSE: VVV) will launch its 2nd annual Mechanics' Month campaign in March 2021, aimed at honoring mechanics worldwide for their essential services during the COVID-19 pandemic. This 31-day international initiative will feature social media tributes, giveaways, and collaborations to raise awareness of mechanics' contributions. Valvoline's Senior VP, Jamal Muashsher, emphasized the importance of recognizing these professionals as vital to keeping services operational during challenging times. This campaign reflects Valvoline's commitment to supporting the automotive service industry.
Valvoline Inc. (NYSE: VVV) has appointed Mahmoud (Mack) Sharaf as Treasurer and Vice President of Investor Relations, effective immediately. Sharaf brings over 20 years of financial industry experience, having held roles at Fidelity Management and served as an advisor to Saudi Arabia's Minister of Energy. He will oversee Valvoline's capital markets strategy, treasury operations, and investor relations. CEO Mary Meixelsperger emphasized the need for strong investor connections as Valvoline's retail service model expands. The company is coming off its best first quarter in history, showcasing strong momentum.
Valvoline reported strong financial results for its first fiscal quarter ended December 31, 2020, showcasing resilience despite COVID-19 challenges. Net income rose to $87 million ($0.47 per share), up from $73 million ($0.39) a year earlier. Adjusted EBITDA increased 21% to $145 million. The Quick Lubes segment saw a 17% sales growth, while international sales rose 16%. Valvoline returned $81 million to shareholders through dividends and share repurchases. The company forecasts 14-16% sales growth for 2021 and expects adjusted EBITDA of $560-$580 million, reaffirming confidence in ongoing business performance.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on March 15, 2021, to shareholders of record by February 26, 2021. This reflects the company’s commitment to returning value to shareholders amidst its operations in over 140 countries, where it ranks as a leading marketer and supplier of premium lubricants. Valvoline's heritage of over 150 years has established strong brand recognition, particularly in the DIY market, where it holds the No. 3 position in passenger car motor oil by volume.
Valvoline Inc. (NYSE: VVV) plans to report its financial results for the fiscal first quarter after market close on February 3, 2021. A live audio webcast for analysts and investors will be held the following day at 9 a.m. ET. This webcast will be accessible on the Investor Relations website, where a replay will also be available shortly thereafter. Established in 1866, Valvoline is a leading supplier of premium lubricants and automotive services, operating nearly 1,500 quick-lube locations and marketing various automotive chemicals across over 140 countries.
Made4net has been selected by Valvoline to implement its advanced warehouse management system (WMS) for optimizing national distribution operations starting with a new distribution center in Cincinnati, OH. This upgrade, prompted by Valvoline's growth, aims to enhance inventory management and fulfillment across retail and e-commerce channels. The Made4net WMS will facilitate labor efficiency and inventory accuracy while integrating advanced tools for data management, ultimately aiming to lower costs and improve customer service in North America.
Valvoline Inc. (NYSE: VVV) has launched an innovative gear oil packaging called FlexFill, designed to simplify synthetic gear oil changes while minimizing waste. The FlexFill bag allows for easier maneuverability in tight automotive spaces, ensuring users can utilize all the oil purchased without difficulty. Available in SAE 75W-90 and SAE 75W-140, FlexFill will be sold at major retailers like Advance and Walmart starting April 2021. Valvoline continues to innovate to meet evolving customer needs while maintaining a strong market presence as a top lubricant supplier.
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