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) is widely described in its public communications as the quick, easy, trusted leader in preventive automotive maintenance, and the VVV news stream reflects this focus. Company news frequently highlights developments across its franchised and company-operated service center network in the United States and Canada, where Valvoline Instant Oil Change and Great Canadian Oil Change locations provide about 15-minute stay-in-your-car oil changes and other manufacturer-recommended maintenance services such as wiper replacements and tire rotations.
Investors and followers of Valvoline Inc. can expect news items covering financial results, including quarterly and annual earnings releases furnished on Form 8-K that discuss net revenues, operating income, adjusted EBITDA, system-wide store sales, and same-store sales growth. The company also issues updates about strategic transactions, such as the agreement and subsequent closing of the acquisition of OC IntermediateCo, Inc., which owns the Breeze Autocare business and Oil Changers quick lube oil change stores, and related financing arrangements under its amended credit agreement.
Valvoline’s news flow also includes corporate governance and leadership announcements, such as nominations and retirements on its board of directors and the appointment of senior executives, including a Chief Technology and Cybersecurity Officer. In addition, the company publishes releases on marketing initiatives and partnerships, for example campaigns like the “Instant Transfer Portal” designed to attract drivers from other oil change providers, and collaborations with college athletes to promote mental health awareness.
Another recurring theme in VVV news is community impact and philanthropy. Valvoline Instant Oil Change and Great Canadian Oil Change centers have been featured for raising funds for Children’s Miracle Network Hospitals and supporting children’s health and mental well-being through the company’s broader community impact platform. For ongoing insight into how Valvoline Inc. manages its retail network, finances growth, and engages with customers and communities, readers can follow the continuous stream of press releases and regulatory news linked to the VVV ticker.
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.
Valvoline (NYSE: VVV) has entered a multi-year sponsorship agreement with Honda Indy Toronto, set for July 15-17, 2022. This partnership aims to enhance Valvoline's brand presence in Canada and celebrate its rich motorsports heritage. The sponsorship includes prominent Valvoline branding at the venue and interactive experiences for attendees. Valvoline operates around 1,600 service centers and is recognized as a leader in vehicle care products, catering to diverse vehicle types globally. This event reinforces Valvoline's commitment to motorsports and community engagement.