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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) 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.
Valvoline Inc. (NYSE: VVV) announced the pricing of $535 million in aggregate principal amount of 3.625% Senior Notes due 2031. These unsecured notes will be guaranteed by Valvoline's subsidiaries. Proceeds from the offering will be used to redeem all existing 4.375% Senior Notes due 2025 and to cover related fees and expenses. The offering is expected to close on January 4, 2021, pending customary conditions. The Notes are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
Valvoline Inc. (NYSE: VVV) has announced the offering of $535 million in Senior Notes due 2031. These notes will be unsubordinated and unsecured obligations, guaranteed by subsidiaries under existing credit facilities. The company plans to use the proceeds to redeem its outstanding 4.375% Senior Notes due 2025 and cover related expenses. The offering is designed for qualified institutional buyers and non-U.S. persons, and the notes will not be registered under the Securities Act. This move aims to strengthen Valvoline's financial position.
Valvoline plans to acquire 27 quick-lube locations from Car Wash Partners, expanding its Valvoline Instant Oil Change network across the U.S. The agreement includes 15 company-owned and 12 franchise-operated centers, located in seven states. This acquisition, expected to close by the end of the year, aims to enhance Valvoline's service capabilities and support franchise partners. Financial details were not disclosed. Valvoline operates nearly 1,500 quick-lube locations and ranks as a leading supplier of lubricants and automotive services.
Valvoline Instant Oil Change (VIOC) has raised over $69,400 for the American Cancer Society (ACS) during October through their "DON'T PUT IT OFF!" campaign. This initiative encourages cancer screenings amid a reported 46% drop in cancer diagnoses due to the pandemic. Customers were offered the chance to donate, and VIOC contributed an additional $5 for each redeemed coupon from their campaign website. Overall, VIOC has raised more than $180,000 for ACS over the past four years, showcasing strong community support.
Valvoline Instant Oil Change (VIOC) raised $56,410 this fall for the Jimmy Fund, contributing to a total of over $297,400 since 2014. This initiative supports Boston's Dana-Farber Cancer Institute, enhancing survivability for cancer patients. CEO Don Smith emphasized the importance of these funds for patient care and research. Participation in this program reflects VIOC's commitment to community support and patient welfare, showcasing the generous spirit of its customers.
Valvoline Inc. (NYSE: VVV) announced a nearly 11% increase in its quarterly cash dividend to $0.125 per share, payable on Dec. 15, 2020. Shareholders of record by Nov. 30, 2020 will receive this dividend. Additionally, the board authorized a $100 million stock repurchase program, which will be active until Sept. 30, 2021. This initiative aligns with Valvoline's capital allocation strategy focused on driving business growth and returning excess cash to shareholders through dividends and buybacks.
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