Welcome to our dedicated page for Valvoline news (Ticker: VVV), a resource for investors and traders seeking the latest updates and insights on Valvoline stock.
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 signed an agreement to acquire 16 franchise-owned Valvoline Instant Oil Change service centers in Dallas and East Texas. This strategic move, set to close in Q3 of fiscal 2021, aligns with Valvoline's mission to expand its quick-lube network through targeted acquisitions. The deal will enhance Valvoline's presence in Texas, a core market, as it integrates these centers into its company-owned network. Financial details of the acquisition remain undisclosed.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on June 15, 2021, to shareholders of record as of May 28, 2021. This marks a continued commitment to returning value to shareholders. As a key player in the automotive lubricant industry, Valvoline operates over 1,500 quick-lube locations worldwide, highlighting its strong market presence in more than 140 countries.
Valvoline Inc. (NYSE: VVV) plans to release its fiscal second quarter financial results on April 28, 2021, following market closure. A live audio webcast with analysts and investors is scheduled for 9 a.m. ET on April 29, 2021. The webcast will be accessible on the company's Investor Relations website, with a replay available shortly after the call. Valvoline operates over 1,500 quick-lube locations and ranks highly in both the U.S. and Canada as a leading supplier of lubricants and automotive services.
Valvoline Inc. (NYSE: VVV) has launched Valvoline High Mileage 150k with MaxLife Plus Technology Synthetic Blend, specifically engineered for vehicles exceeding 150,000 miles. This innovative engine oil reduces oil consumption and enhances wear protection, improving overall engine performance. The average age of vehicles is currently 11.95 years, with trends reflecting increased longevity due to COVID-19 impacts. The product addresses critical issues such as oil leaks and oxidation, marking Valvoline's continued leadership in high mileage vehicle solutions since 1866.
Henley Enterprises, the largest franchisee of Valvoline Instant Oil Change (VIOC), plans to expand its retail presence in Southern California, creating over 100 jobs in areas including San Diego, Orange, Los Angeles, and Riverside counties. Positions available range from Entry Level Automotive Technicians to Service Center Managers. With nearly 30 years of service, VIOC operates over 225 locations in 11 states. Henley emphasizes employee development and offers competitive pay, flexible work schedules, and training for new hires.
Henley Enterprises, the largest franchisee of Valvoline Instant Oil Change (VIOC), plans to expand its retail locations in New England, adding over 60 jobs across Boston, Manchester, and Providence. This growth follows a return to normal traffic levels. Job openings include various positions from Entry Level Automotive Technicians to Service Center Managers, highlighting Henley's commitment to employee development through comprehensive training and benefits. With over 225 locations in 11 states, Henley aims to support its workforce and foster career growth.
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.
FAQ
What is the current stock price of Valvoline (VVV)?
What is the market cap of Valvoline (VVV)?
What services does Valvoline Inc. offer?
Where can I find Valvoline Instant Oil Change locations?
How does Valvoline support the community?
What are Valvoline’s notable recent achievements?
How does Valvoline ensure service quality?
What is Valvoline’s financial outlook?
Does Valvoline have any special programs or competitions?
How can investors stay informed about Valvoline's financial performance?
What are Valvoline’s core values?
How has Valvoline adapted to changes in the automotive market?
