Valvoline Stock Price, News & Analysis

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.

Valvoline Instant Oil Change (VIOC) is launching a fundraising campaign for the Jimmy Fund from July 19 to September 5, 2021, encouraging customers in New England to contribute $1 to support cancer research and care at Dana-Farber Cancer Institute. Each donation will earn a promotion card with a guaranteed prize. Henley Enterprises has raised over $297,000 for this initiative to date. CEO Don Smith emphasized the importance of the Jimmy Fund in the community, and the partnership is now in its eighth year, highlighting the ongoing commitment to combating cancer.

Valvoline Inc. (NYSE: VVV) declared a quarterly cash dividend of $0.125 per share on July 19, 2021. This dividend is payable on September 15, 2021, to shareholders of record by the close of business on August 30, 2021. Valvoline, a prominent provider of automotive services and lubricants, operates over 1,500 quick-lube locations and is recognized globally, selling products in more than 140 countries.

Valvoline Inc. (NYSE: VVV) has launched Valvoline All-Terrain, a new engine oil tailored for heavy-duty diesel engines in extreme conditions. This product focuses on wear protection, particularly for equipment used in mining, construction, and agriculture. Tested over 25,000 hours in real-world applications, it proved effective even under demanding duty cycles. Available in SAE 10W-30 and SAE 15W-40, Valvoline All-Terrain meets API service standards CK-4 and earlier. This innovation underscores Valvoline's commitment to advancing lubricant technology.

Valvoline (NYSE: VVV), a top provider of automotive services and lubricants, will join the Jefferies Virtual Consumer Conference on June 22, 2021, at 8:35 a.m. ET. A live audio webcast will be available on the company's investor relations website and archived post-event. With over 1,500 quick-lube locations, Valvoline is recognized for strong brand presence in multiple markets. Established in 1866, the company serves customers in more than 140 countries and has a diverse product range, including EV Performance Fluids.

Valvoline announced a restructuring of its global operations on May 18, 2021, aligning its business into two segments: Retail Services and Global Products. This shift is aimed at enhancing growth and transparency for investors while adopting a new approach for indirect expenses and LIFO inventory accounting. The company also declared a $300 million share repurchase authorization, with plans extending through September 30, 2024, to enhance shareholder value. Valvoline will discuss these changes in a call on May 19, 2021, offering insights into its capital allocation framework and growth strategy.

Valvoline reported strong Q2 2021 results, with net income reaching $68 million and EPS at $0.37, a year-over-year increase. Adjusted EBITDA rose 13% to $152 million, driven by Quick Lubes' record 20% same-store sales growth and a 34% increase in total sales to $285 million. The company raised its fiscal 2021 adjusted EBITDA guidance to $590-$610 million, indicating optimism in its service-driven transformation.

Despite a decline in operating income for Core North America, overall performance remains robust, attributed to improved margins and strategic growth initiatives.

Valvoline Inc. (NYSE: VVV) has signed an agreement to acquire 16 franchise-owned Valvoline Instant Oil Change service centers in Dallas and East Texas. This strategic move, set to close in Q3 of fiscal 2021, aligns with Valvoline's mission to expand its quick-lube network through targeted acquisitions. The deal will enhance Valvoline's presence in Texas, a core market, as it integrates these centers into its company-owned network. Financial details of the acquisition remain undisclosed.