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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 Instant Oil Change (VIOC) is partnering with the Jimmy Fund in New England this fall to raise funds for cancer research and patient care. Customers can contribute $1 at participating locations and receive a promotion card with guaranteed prizes. This initiative has already raised over $241,000 since inception. CEO Don Smith highlighted the importance of supporting cancer research, especially during the pandemic. This marks the seventh year of collaboration between VIOC and the Jimmy Fund, reinforcing their community commitment.
Valvoline Inc. (NYSE: VVV) announced plans to acquire 14 quick-lube locations from Kent Lubrication Centers Ltd. in Texas, enhancing its service center network. This strategic acquisition aims to strengthen Valvoline's quick-lube presence in the Midland/Odessa area and aligns with its growth strategy through targeted acquisitions. The deal, set to close in Q1 of fiscal 2021, underscores Valvoline’s commitment to expanding its footprint beyond existing markets such as Houston and Dallas. Financial terms remain undisclosed.
On Sept. 4, 2020, CarAdvise announced its partnership with Valvoline Instant Oil Change, expanding its network of auto maintenance and repair services. This agreement provides CarAdvise's driver members access to nearly 1,500 additional service centers across the U.S. The partnership utilizes CarAdvise's technology to offer cost-effective maintenance solutions, allowing drivers to save between 10-40%. The move supports safety with a 'No Contact Car Care' feature, minimizing personal interaction during service appointments.
Valvoline Inc. (NYSE: VVV) has unveiled its 2019 Corporate Social Responsibility (CSR) Report, highlighting its commitment to citizenship, sustainability, and diversity. Key achievements include a 38% lower injury rate in Valvoline Instant Oil Change operations, zero-landfill status at 63% of supply chain sites, and recycling of 6.1 million pounds of materials. The company also raised nearly $600,000 for charities and reached $71 million in diverse supplier spending since 2016. CEO Sam Mitchell emphasized the contributions of Valvoline's 7,900 employees to these successes.
Valvoline Inc. (NYSE: VVV) has announced that CEO Sam Mitchell, CFO Mary Meixelsperger, and President Tony Puckett will participate in a fireside chat at the Goldman Sachs 27th Annual Global Retailing Conference in New York on Thursday, Sept. 10, at 10:00 a.m. ET. A live audio webcast will be available on Valvoline's website, with an archived version to follow. Valvoline is a global supplier of branded lubricants and automotive services, operating approximately 1,400 quick-lube locations and ranking as a top brand in the DIY motor oil market.
Valvoline Inc. (NYSE: VVV) has launched the Premium Blue One Solution Gen2, its second-generation heavy-duty engine oil, developed in partnership with Cummins. This product aims to improve engine efficiency with enhanced oxidation and thermal stability, suitable for various engine types. It offers extended drain intervals, including a 5,000-mile extension for Cummins diesel platforms. The new oil is compliant with multiple OEM approvals and is marketed to reduce fleet operational costs, highlighting Valvoline's commitment to innovation in lubricant solutions.
Valvoline Inc. (VVV) reported its third fiscal quarter results for 2020, ending June 30, showing a net income of $59 million and EPS of $0.32. The company's sales improved in June, with Quick Lubes and Core North America sales up 16%. However, adjusted EBITDA decreased 16% to $106 million, largely due to operational challenges from COVID-19. The firm anticipates Q4 to exhibit high-single-digit same-store sales growth, despite continuing pandemic uncertainties. Valvoline's resilience is attributed to its business model and financial management, maintaining strong liquidity with $1.3 billion in total liquidity.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.113 per share, payable on September 15, 2020, to shareholders of record by August 31, 2020. This decision reflects the company's ongoing commitment to return value to its shareholders amidst its operations in over 140 countries. Valvoline, a leading provider of premium lubricants and automotive services, ranks as the No. 3 passenger car motor oil brand in the DIY market and operates approximately 1,400 quick-lube locations.
Valvoline Inc. (NYSE: VVV) has launched new passenger car motor oil (PCMO) formulas in the U.S. and Canada, designed to exceed the updated ILSAC GF-6 standards effective May 1. These formulations provide up to 40% better wear protection against engine breakdown, enhancing performance across various engine technologies. With increased requirements from automakers for higher-quality oils, Valvoline's products now meet both ILSAC GF-6 and API SP standards, improving fuel economy and engine durability. The new oils will feature recognizable API markings for consumers.
Valvoline Inc. (NYSE: VVV) announced plans to report its third-quarter financial results on August 3, 2020, after market close. Following the release, it will host a live audio webcast for analysts and investors on August 4, 2020, at 9 a.m. ET. Valvoline is recognized as a leading supplier of premium lubricants and automotive services, operating approximately 1,400 quick-lube locations globally. The company is known for its high-quality motor oils and automotive chemicals, with sales in over 140 countries.
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