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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) is set to report its fiscal first quarter financial results on February 8, 2022, after market close. Following this, a live audio webcast for analysts and investors will occur at 9 a.m. ET on February 9, 2022. The webcast and presentation will be accessible on Valvoline's Investor Relations website, with a replay available post-call. Established in 1866, Valvoline is a leader in vehicle care, operating approximately 1,600 service centers and selling products in over 140 countries.
Valvoline (NYSE: VVV) was honored with the 2021 Global Supplier Recognition Award from Cummins, Inc. for Best Safety Practices in indirect sourcing. This accolade positions Valvoline among Cummins' elite suppliers, reflecting over 25 years of collaboration to develop lubricants for various vehicles, including those using alternative fuels. The award highlights Valvoline's commitment to quality, safety, and innovation. In September 2021, Valvoline renewed a five-year marketing and technology partnership with Cummins, reinforcing its strategic alignment with the global power leader.
Valvoline Inc. (NYSE: VVV) announced a search for new Board members with expertise in electric vehicles, energy transition, and autonomous transportation, aiming for a candidate by May 1, 2022. The company is simultaneously seeking a new president for its Retail Services business, engaging a leading executive search firm for both searches. CEO Sam Mitchell highlighted the importance of board evolution in supporting the company's positioning amidst changing transportation landscapes. Discussions with Chicane Capital Management emphasize shareholder engagement and the need for transformative actions to unlock value.
Valvoline has partnered with Arrival to enhance vehicle maintenance services for electric vehicles (EVs) and hybrids. As one of four initial service partners in Arrival's Service Network Program in the U.S., Valvoline aims to integrate its maintenance expertise with Arrival's innovative service platform. This partnership is designed to swiftly meet the maintenance needs of Arrival's clients, leveraging Valvoline's extensive service network of nearly 1,600 centers. The collaboration signifies a strategic move for Valvoline to expand its offerings in the EV sector.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on Dec. 15, 2021. Shareholders of record as of Nov. 29, 2021 will receive this dividend, reflecting the company's ongoing commitment to returning value to its investors. Founded in 1866, Valvoline is a leader in vehicle care and operates approximately 1,600 service center locations in North America, along with a presence in over 140 countries. This dividend announcement highlights Valvoline's sustained profitability and its strategic focus on innovative automotive solutions.
Valvoline reported a strong fiscal 2021, with net income increasing 32% to $420 million and EPS reaching $2.29, up 36%. Sales rose 27% to $3 billion, driven by a 38% surge in Retail Services and a 20% increase in Global Products. Fourth-quarter results showed net income of $168 million, a 38% rise, with adjusted EBITDA improving 5% to $155 million. The company plans to separate its Retail Services and Global Products segments to enhance growth and capitalization. Valvoline anticipates sales growth of 19-21% for fiscal 2022, with adjusted EPS guidance between $2.06 and $2.18.
Valvoline Inc. (NYSE: VVV) has launched XEV, its first product suite in China targeting hybrid, plug-in hybrid, and electric vehicles. Developed in partnership with Tuhu, this innovative range includes motor oil, battery protection fluid, and more, aiming to boost vehicle performance while cutting maintenance costs. The launch aligns with a forecast that predicts over 50% of new vehicle sales in China will be new energy vehicles by 2035, signaling Valvoline's strategic shift towards electrification in a changing automotive landscape.
Valvoline Inc. (NYSE: VVV) announced plans to report its fiscal fourth quarter financial results on Nov. 3, 2021, after market close. A live audio webcast for analysts and investors will follow on Nov. 4, 2021, at 9 a.m. ET. Valvoline operates approximately 1,600 service center locations and has established itself as the No. 1 supplier of battery fluids for electric vehicles. The webcast and presentation will be available on its Investor Relations website, with replays accessible afterwards.
Valvoline Inc. (NYSE: VVV) announced plans to separate its Retail Services and Global Products segments, aiming to enhance shareholder value and operational focus. The Retail Services segment, contributing over half of adjusted EBITDA, is expected to report $1.2 billion in sales for fiscal 2021, a 38% increase year-over-year. Global Products anticipates $1.8 billion in sales, up 20%. The separation's timetable is yet to be established, with financial results for fiscal 2021 set for November 3, 2021, predicting total sales of $3 billion, up 27% from the previous year.
Valvoline Inc. (NYSE: VVV) and Cummins Inc. have renewed their marketing and technology partnership for five years. This collaboration will continue to promote Valvoline's Premium Blue™ engine oil, which Cummins will endorse and sell globally. Cummins' plants will utilize Valvoline products in daily operations. The partnership, established in the mid-1990s, has resulted in award-winning products like Valvoline Premium Blue One Solution. This renewal aims to enhance engine performance and lower operating costs for customers worldwide.
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