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) maintains its position as a global leader in automotive maintenance solutions through continuous innovation in lubricant technology and preventive care services. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and market initiatives.
Access real-time updates including earnings reports, product innovations, and strategic partnerships. Our curated collection features official press releases alongside third-party analysis of Valvoline's franchising expansions, environmental initiatives, and advancements in synthetic oil formulations.
Key coverage areas include quarterly financial results, service network growth, technical certifications, and leadership changes. Bookmark this page for streamlined tracking of Valvoline's operational milestones in the competitive automotive services sector.
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 A live audio webcast will be accessible on Valvoline's website, with an archived version available afterward.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.
