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) announced plans to separate its Retail Services and Global Products segments, aiming to enhance shareholder value and operational focus. The Retail Services segment, contributing over half of adjusted EBITDA, is expected to report $1.2 billion in sales for fiscal 2021, a 38% increase year-over-year. Global Products anticipates $1.8 billion in sales, up 20%. The separation's timetable is yet to be established, with financial results for fiscal 2021 set for November 3, 2021, predicting total sales of $3 billion, up 27% from the previous year.
Valvoline Inc. (NYSE: VVV) and Cummins Inc. have renewed their marketing and technology partnership for five years. This collaboration will continue to promote Valvoline's Premium Blue™ engine oil, which Cummins will endorse and sell globally. Cummins' plants will utilize Valvoline products in daily operations. The partnership, established in the mid-1990s, has resulted in award-winning products like Valvoline Premium Blue One Solution. This renewal aims to enhance engine performance and lower operating costs for customers worldwide.
Valvoline Inc. (NYSE: VVV) reported strong financial results for Q3 2021, with operating income up 28% and adjusted EBITDA growing 35% compared to Q3 2019. The Retail Services segment saw over 40% same-store sales growth and doubled profitability. Global Products delivered 46% sales growth, showcasing strong pricing power. Despite rising raw material costs impacting profitability, Valvoline expects to generate $200 million in discretionary free cash flow this year. The company is tightening its adjusted EBITDA guidance to $620 million to $640 million and plans to return excess cash to shareholders.
Valvoline Inc. (NYSE: VVV) has signed a definitive agreement to acquire six franchise-owned Valvoline Instant Oil Change quick-lube service centers from Phoenix 27, LLC, located in Kentucky. This acquisition aims to strengthen Valvoline's Retail Services segment and is expected to close in Q4 FY 2021. While financial terms were undisclosed, Valvoline continues to pursue growth through both organic expansion and acquisitions, enhancing its established network of 49 company-owned locations in Kentucky.
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.