Valvoline Stock Price, News & Analysis

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.

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.