Valvoline Stock Price, News & Analysis

Valvoline Inc. (NYSE: VVV) has announced the winners of its 31st annual Oilympics competition held in Cincinnati. The competition featured 40 regional service center teams from the U.S. and Canada, representing the top 1% of Valvoline technicians. Teams competed to deliver the fastest perfect service experience.

The U.S. gold medal was awarded to the Nashville, Tennessee team from Valvoline Instant Oil Change, while the Canadian gold went to the Great Canadian Oil Change team from Chatham, Ontario. The winning teams received trophies and company awards. With equal quality of service scores among gold, silver, and bronze teams, speed became the deciding factor, with only seconds separating the winners.

The Oilympics tradition, which began in 1994, has evolved into an international competition encompassing Valvoline's network of over 2,000 company-owned and franchised service centers across North America.

Valvoline Inc. (NYSE: VVV) is set to host its international Oilympics competition in Cincinnati on May 13, 2025. The event will feature 40 regional teams from the U.S. and Canada, with over 100 technicians competing to demonstrate perfect automotive service execution. The competition, which began in 1994, involves teams from Valvoline's 2,000+ company-owned and franchised service centers performing their proprietary SuperPro™ service process.

Teams are judged on both speed and service quality, with mere seconds typically separating winners. Winners receive gold, silver, and bronze recognition, with additional awards for most valuable player and best overall service experience. The competition represents service centers under the Valvoline Instant Oil Change and Great Canadian Oil Change retail brands.

Valvoline (NYSE: VVV) reported Q2 2025 financial results with sales of $403 million, up 4% year-over-year. The company achieved 5.8% system-wide same-store sales growth and total system-wide store sales grew 11% to $826 million. Net store additions totaled 33 locations (15 franchise and 18 company-operated). Income from continuing operations was $38 million, down 12%, with adjusted EPS of $0.34, declining 8%. The company announced Kevin Willis as new CFO, effective May 19, 2025. Valvoline maintains its fiscal year 2025 guidance and continues pursuing the Breeze Autocare acquisition, currently awaiting FTC approval. The company returned $21 million to shareholders via share repurchases in Q2, with $325 million remaining in authorization. The company operates 2,078 total stores, including 950 company-operated and 1,128 franchised locations.

Valvoline (NYSE: VVV) has appointed Kevin Willis as its new Chief Financial Officer, effective May 19, 2025. Willis succeeds Mary Meixelsperger, who announced her planned retirement in October 2024. Willis joins Valvoline with extensive public company experience, having served as CFO of Ashland Inc. (NYSE: ASH) since 2013. He played a key role in Valvoline's 2016 IPO separation from Ashland and has significant expertise in capital markets management and financial systems integrations. Willis holds a BBA in accounting from Eastern Kentucky University and an MBA from Northwestern University's Kellogg School of Management. Meixelsperger will remain with the company through a transition period.

Valvoline (NYSE: VVV), a leader in preventive automotive maintenance, has announced its upcoming fiscal second quarter 2025 financial results release scheduled for May 8, 2025. The company will host a live audio webcast with analysts and investors at 9 a.m. ET on the same day. The webcast will include a slide presentation and will be accessible through Valvoline's Investor Relations website. A replay of the webcast will be made available on the same platform after the event concludes.

Valvoline Inc. (NYSE: VVV) has received a Second Request for Additional Information and Documentary Material from the U.S. Federal Trade Commission regarding its proposed acquisition of Breeze Autocare from Greenbriar Equity Group. This request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after both parties have complied with the requests.

The acquisition's completion remains contingent on the expiration or termination of the HSR Act waiting period and other customary closing conditions. Valvoline plans to continue working with the FTC and anticipates the transaction will close in the second half of fiscal 2025.

Greenbriar Equity Group has announced a definitive agreement to sell Breeze Autocare to Valvoline (VVV), a major preventive automotive maintenance provider with over 2,000 locations across the U.S. and Canada. Founded in 1984, Breeze operates quick lube, car wash, and light repair services through a unique 'stay-in-car' model.

Since Greenbriar's investment in 2021, Breeze has expanded through new site developments and acquisitions while achieving strong organic growth. The company currently serves over 1.8 million customers annually. Breeze has transformed from a regional player to a national competitor, implementing innovative technology across its operations.

Valvoline (NYSE: VVV) has announced a definitive agreement to acquire Breeze Autocare for approximately $625 million in cash. The acquisition includes nearly 200 stores across 17 states, primarily operated under the Oil Changers brand, generating $200 million in net sales for its most recent year.

The transaction, expected to close in fiscal Q3 2025, will be funded through a newly issued Term Loan B. This acquisition will expand Valvoline's network to more than 2,200 locations across North America, advancing towards their goal of 3,500-plus stores. The purchase price represents a 10.7x multiple of Breeze Autocare's adjusted EBITDA.

The deal is expected to be relatively neutral to Valvoline's adjusted diluted EPS in the first year and accretive over time. Valvoline will pause share repurchases and aims to reach a rating agency adjusted net leverage ratio of 2.5x - 3.5x within 24 months post-close.

Valvoline (NYSE: VVV) reported strong Q1 FY2025 results with notable growth across key metrics. Sales increased 11% to $414 million, driven by system-wide same-store sales (SSS) growth of 8.0%. System-wide store sales grew 14% to $820 million.

The company expanded its network with 35 new store additions (14 franchise and 21 company-operated) during the quarter. Income from continuing operations reached $94 million, up 177%, with EPS of $0.73 increasing 181%. Adjusted EBITDA grew 14% to $103 million, while adjusted EPS rose 10% to $0.32.

The company completed a refranchising transaction in Texas and returned $39 million to shareholders through share repurchases. Valvoline maintains $346 million in remaining share repurchase authorization and reports being on track for full-year guidance.