Valvoline Stock Price, News & Analysis

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.

Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on June 15, 2021, to shareholders of record as of May 28, 2021. This marks a continued commitment to returning value to shareholders. As a key player in the automotive lubricant industry, Valvoline operates over 1,500 quick-lube locations worldwide, highlighting its strong market presence in more than 140 countries.

Valvoline Inc. (NYSE: VVV) plans to release its fiscal second quarter financial results on April 28, 2021, following market closure. A live audio webcast with analysts and investors is scheduled for 9 a.m. ET on April 29, 2021. The webcast will be accessible on the company's Investor Relations website, with a replay available shortly after the call. Valvoline operates over 1,500 quick-lube locations and ranks highly in both the U.S. and Canada as a leading supplier of lubricants and automotive services.

Valvoline Inc. (NYSE: VVV) has launched Valvoline High Mileage 150k with MaxLife Plus Technology Synthetic Blend, specifically engineered for vehicles exceeding 150,000 miles. This innovative engine oil reduces oil consumption and enhances wear protection, improving overall engine performance. The average age of vehicles is currently 11.95 years, with trends reflecting increased longevity due to COVID-19 impacts. The product addresses critical issues such as oil leaks and oxidation, marking Valvoline's continued leadership in high mileage vehicle solutions since 1866.

Henley Enterprises, the largest franchisee of Valvoline Instant Oil Change (VIOC), plans to expand its retail presence in Southern California, creating over 100 jobs in areas including San Diego, Orange, Los Angeles, and Riverside counties. Positions available range from Entry Level Automotive Technicians to Service Center Managers. With nearly 30 years of service, VIOC operates over 225 locations in 11 states. Henley emphasizes employee development and offers competitive pay, flexible work schedules, and training for new hires.

Henley Enterprises, the largest franchisee of Valvoline Instant Oil Change (VIOC), plans to expand its retail locations in New England, adding over 60 jobs across Boston, Manchester, and Providence. This growth follows a return to normal traffic levels. Job openings include various positions from Entry Level Automotive Technicians to Service Center Managers, highlighting Henley's commitment to employee development through comprehensive training and benefits. With over 225 locations in 11 states, Henley aims to support its workforce and foster career growth.