Valvoline Stock Price, News & Analysis

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.

Valvoline Inc. (NYSE: VVV) reported strong financial results for Q3 2021, with operating income up 28% and adjusted EBITDA growing 35% compared to Q3 2019. The Retail Services segment saw over 40% same-store sales growth and doubled profitability. Global Products delivered 46% sales growth, showcasing strong pricing power. Despite rising raw material costs impacting profitability, Valvoline expects to generate $200 million in discretionary free cash flow this year. The company is tightening its adjusted EBITDA guidance to $620 million to $640 million and plans to return excess cash to shareholders.

Valvoline Inc. (NYSE: VVV) has signed a definitive agreement to acquire six franchise-owned Valvoline Instant Oil Change quick-lube service centers from Phoenix 27, LLC, located in Kentucky. This acquisition aims to strengthen Valvoline's Retail Services segment and is expected to close in Q4 FY 2021. While financial terms were undisclosed, Valvoline continues to pursue growth through both organic expansion and acquisitions, enhancing its established network of 49 company-owned locations in Kentucky.

Valvoline Inc. (NYSE: VVV) has published its 2020 Corporate Social Responsibility (CSR) report, highlighting achievements in citizenship, sustainability, and diversity. Key accomplishments include an injury rate 24% below the industry average, reaching zero-landfill status at 67% of supply chain sites, and recycling 5.1 million pounds of materials. The company spent $96 million on diverse suppliers and raised nearly $700,000 for charity. CEO Sam Mitchell praised the team’s resilience during 2020’s challenges, emphasizing their commitment to corporate social responsibility through stakeholder engagement.

Valvoline (NYSE: VVV) announced it will report financial results for its fiscal third quarter on Aug. 4, 2021, after market close. The company will also host a live audio webcast on Aug. 5, 2021, at 9 a.m. ET for analysts and investors. Valvoline is a leading provider of automotive services and premium lubricants, operating over 1,500 quick-lube locations worldwide. The presentation will be available on their Investor Relations website, where a replay of the webcast will also be accessible shortly after the call.