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) has initiated a pilot program for electric vehicle (EV) services in select retail locations. This program marks a significant step in Valvoline's strategy to expand its maintenance services to EV owners, emphasizing their commitment to innovation in the automotive sector. Initial services include 12-volt battery replacements, tire rotations, and state safety inspections, with further EV-specific services planned for summer 2022. Valvoline is also recognized as one of the initial service partners for Arrival, focusing on sustainable vehicle solutions.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share of common stock. This dividend is payable on March 15, 2022, to shareholders on record as of February 28, 2022. The company continues to demonstrate its commitment to returning value to shareholders while maintaining a robust position in the vehicle care market.
Valvoline Inc. (NYSE: VVV) is set to report its fiscal first quarter financial results on February 8, 2022, after market close. Following this, a live audio webcast for analysts and investors will occur at 9 a.m. ET on February 9, 2022. The webcast and presentation will be accessible on Valvoline's Investor Relations website, with a replay available post-call. Established in 1866, Valvoline is a leader in vehicle care, operating approximately 1,600 service centers and selling products in over 140 countries.
Valvoline (NYSE: VVV) was honored with the 2021 Global Supplier Recognition Award from Cummins, Inc. for Best Safety Practices in indirect sourcing. This accolade positions Valvoline among Cummins' elite suppliers, reflecting over 25 years of collaboration to develop lubricants for various vehicles, including those using alternative fuels. The award highlights Valvoline's commitment to quality, safety, and innovation. In September 2021, Valvoline renewed a five-year marketing and technology partnership with Cummins, reinforcing its strategic alignment with the global power leader.
Valvoline Inc. (NYSE: VVV) announced a search for new Board members with expertise in electric vehicles, energy transition, and autonomous transportation, aiming for a candidate by May 1, 2022. The company is simultaneously seeking a new president for its Retail Services business, engaging a leading executive search firm for both searches. CEO Sam Mitchell highlighted the importance of board evolution in supporting the company's positioning amidst changing transportation landscapes. Discussions with Chicane Capital Management emphasize shareholder engagement and the need for transformative actions to unlock value.
Valvoline has partnered with Arrival to enhance vehicle maintenance services for electric vehicles (EVs) and hybrids. As one of four initial service partners in Arrival's Service Network Program in the U.S., Valvoline aims to integrate its maintenance expertise with Arrival's innovative service platform. This partnership is designed to swiftly meet the maintenance needs of Arrival's clients, leveraging Valvoline's extensive service network of nearly 1,600 centers. The collaboration signifies a strategic move for Valvoline to expand its offerings in the EV sector.
Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.125 per share, payable on Dec. 15, 2021. Shareholders of record as of Nov. 29, 2021 will receive this dividend, reflecting the company's ongoing commitment to returning value to its investors. Founded in 1866, Valvoline is a leader in vehicle care and operates approximately 1,600 service center locations in North America, along with a presence in over 140 countries. This dividend announcement highlights Valvoline's sustained profitability and its strategic focus on innovative automotive solutions.
Valvoline reported a strong fiscal 2021, with net income increasing 32% to $420 million and EPS reaching $2.29, up 36%. Sales rose 27% to $3 billion, driven by a 38% surge in Retail Services and a 20% increase in Global Products. Fourth-quarter results showed net income of $168 million, a 38% rise, with adjusted EBITDA improving 5% to $155 million. The company plans to separate its Retail Services and Global Products segments to enhance growth and capitalization. Valvoline anticipates sales growth of 19-21% for fiscal 2022, with adjusted EPS guidance between $2.06 and $2.18.
Valvoline Inc. (NYSE: VVV) has launched XEV, its first product suite in China targeting hybrid, plug-in hybrid, and electric vehicles. Developed in partnership with Tuhu, this innovative range includes motor oil, battery protection fluid, and more, aiming to boost vehicle performance while cutting maintenance costs. The launch aligns with a forecast that predicts over 50% of new vehicle sales in China will be new energy vehicles by 2035, signaling Valvoline's strategic shift towards electrification in a changing automotive landscape.
Valvoline Inc. (NYSE: VVV) announced plans to report its fiscal fourth quarter financial results on Nov. 3, 2021, after market close. A live audio webcast for analysts and investors will follow on Nov. 4, 2021, at 9 a.m. ET. Valvoline operates approximately 1,600 service center locations and has established itself as the No. 1 supplier of battery fluids for electric vehicles. The webcast and presentation will be available on its Investor Relations website, with replays accessible afterwards.