Valvoline Stock Price, News & Analysis

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.

Valvoline Inc. (NYSE: VVV) has launched its new Valvoline™ Full Synthetic Extended Protection motor oil, deemed its most advanced product yet. The oil is proven to be 10 times stronger against breakdown and offers 50% better engine wear protection compared to industry standards. Designed to enhance engine performance and longevity, it addresses critical issues in today's high-performance engines, including thermal stability and cleanliness. The product surpasses the latest oil specifications and offers additional protection against common engine problems.

Valvoline Inc. (NYSE: VVV) has announced a landmark partnership with the Toronto Blue Jays for the 2021 MLB season. This collaboration marks Valvoline Canada's first alignment with a Canadian sports team, enhancing its brand visibility across the nation. Valvoline will utilize various marketing channels, including social media, outdoor advertising, and in-stadium promotions during 80 home games. The partnership aims to celebrate Valvoline's heritage as 'The Original Motor Oil' and connect with Canadian audiences.

Valvoline Inc. (NYSE: VVV) has improved its CDP score to a "B" in its inaugural year of public reporting, indicating significant progress in sustainability efforts. The enhancement is attributed to better operational efficiencies and innovative product development aimed at lowering greenhouse gas emissions. Valvoline collaborated with Schneider Electric for support in energy tracking and sustainability strategies, utilizing the EcoStruxure™ Resource Advisor platform to advance its environmental initiatives. This commitment highlights Valvoline's dedication to minimizing environmental impacts while maintaining quality service.

Valvoline Inc. (NYSE: VVV) will launch its 2nd annual Mechanics' Month campaign in March 2021, aimed at honoring mechanics worldwide for their essential services during the COVID-19 pandemic. This 31-day international initiative will feature social media tributes, giveaways, and collaborations to raise awareness of mechanics' contributions. Valvoline's Senior VP, Jamal Muashsher, emphasized the importance of recognizing these professionals as vital to keeping services operational during challenging times. This campaign reflects Valvoline's commitment to supporting the automotive service industry.

Valvoline Inc. (NYSE: VVV) has appointed Mahmoud (Mack) Sharaf as Treasurer and Vice President of Investor Relations, effective immediately. Sharaf brings over 20 years of financial industry experience, having held roles at Fidelity Management and served as an advisor to Saudi Arabia's Minister of Energy. He will oversee Valvoline's capital markets strategy, treasury operations, and investor relations. CEO Mary Meixelsperger emphasized the need for strong investor connections as Valvoline's retail service model expands. The company is coming off its best first quarter in history, showcasing strong momentum.

Valvoline reported strong financial results for its first fiscal quarter ended December 31, 2020, showcasing resilience despite COVID-19 challenges. Net income rose to $87 million ($0.47 per share), up from $73 million ($0.39) a year earlier. Adjusted EBITDA increased 21% to $145 million. The Quick Lubes segment saw a 17% sales growth, while international sales rose 16%. Valvoline returned $81 million to shareholders through dividends and share repurchases. The company forecasts 14-16% sales growth for 2021 and expects adjusted EBITDA of $560-$580 million, reaffirming confidence in ongoing business performance.

Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on March 15, 2021, to shareholders of record by February 26, 2021. This reflects the company’s commitment to returning value to shareholders amidst its operations in over 140 countries, where it ranks as a leading marketer and supplier of premium lubricants. Valvoline's heritage of over 150 years has established strong brand recognition, particularly in the DIY market, where it holds the No. 3 position in passenger car motor oil by volume.