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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 announced a $1.6 billion share repurchase authorization following a strong fiscal 2022. The company reported net income of $424.3 million, up 1% year-over-year, and EPS of $2.35, a 3% increase. Continuing operations saw a 19% rise in net revenues to $1.2 billion. System-wide same-store sales increased 13.7%, marking 16 years of growth. For fiscal 2023, Valvoline anticipates net revenues of $1.4-$1.5 billion and adjusted EBITDA of $370-$390 million, driven by ongoing expansion and strategic investments. The sale of the Global Products business is expected to close early in 2023.
Valvoline Inc. (NYSE: VVV) will report its financial results for the fiscal fourth quarter on November 15, 2022. A live audio webcast will occur the same day from 8 a.m. to 9:30 a.m. ET, allowing analysts and investors to engage with the company's performance insights. The webcast will also be available for replay on Valvoline's Investor Relations website after the event concludes. Valvoline continues to be a leader in preventive automotive maintenance, operating over 1,700 service centers with a customer rating of 4.6 out of 5 stars.
Valvoline Inc. (NYSE: VVV) has announced that its full synthetic motor oils provide 24X stronger protection against engine contaminants compared to the industry-leading full synthetic oil. This was confirmed through extensive testing, highlighting the ability of Valvoline oils to emulsify water, fuel, and ethanol. The results indicate a significant improvement in emulsion stability, essential for preventing engine damage. Valvoline continues to establish itself as a leader in vehicle care, offering innovative solutions for various engine types and maintaining a global presence with over 80,000 locations.
Valvoline Instant Oil Change (VIOC) is partnering with the American Cancer Society in October to raise funds through their #DONTPUTITOFF! campaign. Customers can round up their purchases at participating locations in CA, DE, FL, MD, and VA to support the ACS's Road To Recovery program. Since 2017, VIOC has raised over $383,300 for ACS. The campaign aims to promote early cancer screenings, which have contributed to a 32% decline in cancer death rates since 1991. For every coupon redeemed, VIOC will donate $5 to ACS.
Valvoline Inc. (NYSE: VVV), a leader in vehicle care, will present at the Goldman Sachs 29th Annual Global Retailing Conference in New York on September 7, 2022, at 4 p.m. ET. A live audio webcast of the presentation will be available on Valvoline's website, with a replay accessible afterward. Valvoline, established in 1866, operates nearly 1,700 service centers and offers products globally for various engine types, including electric vehicles. The company is known for its innovative solutions and strong brand recognition.
Valvoline Inc. reported a net income of $99 million and EPS of $0.55 for Q3, marking a 2% and 4% increase, respectively. Sales surged by 21% to $957 million driven by strong demand across its segments. The company signed an agreement to sell its Global Products business to Aramco for $2.65 billion, with expectations of net proceeds of $2.25 billion. Full-year guidance for adjusted EBITDA is updated to $670 million to $680 million.
Valvoline has announced a definitive agreement to sell its Global Products business to Aramco for $2.65 billion. This strategic move aims to transform Valvoline into a pure automotive service provider, targeting over 20% earnings per share (EPS) growth. For fiscal Q3 2022, Valvoline reported preliminary revenue of $957 million with a diluted EPS of $0.55. The proceeds from the sale will be used to return capital to shareholders, reduce debt, and invest in the Retail Services business, which is projected to generate $1.5 billion in sales for fiscal 2022.
Valvoline Inc. (NYSE: VVV) plans to announce its fiscal third-quarter financial results after market close on August 3, 2022. A live audio webcast for analysts and investors is scheduled for 9 a.m. ET on August 4, 2022. The results will cover the company's performance in vehicle care and innovative products across various powertrains. Valvoline's established brand and extensive service network, consisting of 1,600 service center locations in the U.S. and Canada, position it strongly within the automotive solutions market.
On July 20, 2022, Valvoline Inc. (NYSE: VVV) declared a quarterly cash dividend of $0.125 per share. This dividend will be payable on September 15, 2022, to shareholders on record as of the close of business on August 31, 2022. Valvoline continues to enhance its position in the vehicle care market, providing innovative products and services globally. The company operates around 1,600 service center locations and is recognized as a leader in battery fluids for electric vehicles, indicating its commitment to future mobility solutions.
Valvoline Inc. (NYSE: VVV) has opened its first Company-owned heavy-duty fleet service center in Lexington, Kentucky, marking a significant expansion in its service strategy. This center caters to Class 5-8 vehicles, adapting its proven light-duty vehicle service model for heavy-duty maintenance. With an estimated $8 billion annual market opportunity for fleet maintenance in the U.S., Valvoline aims to provide quick, efficient services including preventive maintenance and inspections, completing tasks in 75 minutes or less. Valvoline continues to commit to comprehensive vehicle care for all types of vehicles.
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