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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 strong financial performance for Q4 2020, with net income of $122 million and EPS of $0.66, up significantly from $27 million and $0.14 in Q4 2019. Full-year net income reached $317 million and total sales of $2.35 billion declined by 2%. Adjusted EBITDA for Q4 increased by 16% to $150 million. The company expects substantial growth in 2021, with adjusted EBITDA projected between $560 - $580 million. VIOC same-store sales also showed strong recovery, growing 8.3% in Q4, returning to pre-COVID levels.
Valvoline (NYSE: VVV) will present at the Gabelli 44th Annual Automotive Aftermarket Symposium on November 3, 2020, at 10:00 a.m. ET. A live audio webcast will be accessible on Valvoline's website, with an archived version available afterward. Valvoline is a global leader in premium lubricants and automotive services, operating in over 140 countries. The company ranks No. 3 in the DIY passenger car motor oil market and operates approximately 1,400 quick-lube locations in the U.S. and Canada.
Valvoline Inc. (NYSE: VVV) will announce its fiscal fourth-quarter financial results after market hours on October 28, 2020. A live audio webcast for analysts and investors is scheduled for 9 a.m. ET on October 29, 2020. The webcast will be accessible on Valvoline's Investor Relations website, along with a slide presentation. Established in 1866, Valvoline is a leading supplier of lubricants and operates approximately 1,400 quick-lube locations in the U.S. and Canada.
Valvoline Inc. (NYSE: VVV) announced plans to acquire 33 quick-lube service centers in Idaho, Missouri, and Kansas through two separate transactions. The acquisitions include 12 centers from Einstein's Oilery in Boise, Idaho, and 21 existing Valvoline Instant Oil Change centers from Westco Lube, Inc. in the Kansas City area. Both deals are expected to close in early Q1 FY21, though financial terms were not disclosed. Valvoline aims to enhance its service offerings and expand its network amidst growing demand for quick-lube services, particularly during the COVID-19 pandemic.
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.
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