Valvoline Stock Price, News & Analysis

Valvoline Inc. (NYSE: VVV) has unveiled its 2019 Corporate Social Responsibility (CSR) Report, highlighting its commitment to citizenship, sustainability, and diversity. Key achievements include a 38% lower injury rate in Valvoline Instant Oil Change operations, zero-landfill status at 63% of supply chain sites, and recycling of 6.1 million pounds of materials. The company also raised nearly $600,000 for charities and reached $71 million in diverse supplier spending since 2016. CEO Sam Mitchell emphasized the contributions of Valvoline's 7,900 employees to these successes.

Valvoline Inc. (NYSE: VVV) has announced that CEO Sam Mitchell, CFO Mary Meixelsperger, and President Tony Puckett will participate in a fireside chat at the Goldman Sachs 27th Annual Global Retailing Conference in New York on Thursday, Sept. 10, at 10:00 a.m. ET. A live audio webcast will be available on Valvoline's website, with an archived version to follow. Valvoline is a global supplier of branded lubricants and automotive services, operating approximately 1,400 quick-lube locations and ranking as a top brand in the DIY motor oil market.

Valvoline Inc. (NYSE: VVV) has launched the Premium Blue One Solution Gen2, its second-generation heavy-duty engine oil, developed in partnership with Cummins. This product aims to improve engine efficiency with enhanced oxidation and thermal stability, suitable for various engine types. It offers extended drain intervals, including a 5,000-mile extension for Cummins diesel platforms. The new oil is compliant with multiple OEM approvals and is marketed to reduce fleet operational costs, highlighting Valvoline's commitment to innovation in lubricant solutions.

Valvoline Inc. (VVV) reported its third fiscal quarter results for 2020, ending June 30, showing a net income of $59 million and EPS of $0.32. The company's sales improved in June, with Quick Lubes and Core North America sales up 16%. However, adjusted EBITDA decreased 16% to $106 million, largely due to operational challenges from COVID-19. The firm anticipates Q4 to exhibit high-single-digit same-store sales growth, despite continuing pandemic uncertainties. Valvoline's resilience is attributed to its business model and financial management, maintaining strong liquidity with $1.3 billion in total liquidity.

Valvoline Inc. (NYSE: VVV) announced a quarterly cash dividend of $0.113 per share, payable on September 15, 2020, to shareholders of record by August 31, 2020. This decision reflects the company's ongoing commitment to return value to its shareholders amidst its operations in over 140 countries. Valvoline, a leading provider of premium lubricants and automotive services, ranks as the No. 3 passenger car motor oil brand in the DIY market and operates approximately 1,400 quick-lube locations.

Valvoline Inc. (NYSE: VVV) has launched new passenger car motor oil (PCMO) formulas in the U.S. and Canada, designed to exceed the updated ILSAC GF-6 standards effective May 1. These formulations provide up to 40% better wear protection against engine breakdown, enhancing performance across various engine technologies. With increased requirements from automakers for higher-quality oils, Valvoline's products now meet both ILSAC GF-6 and API SP standards, improving fuel economy and engine durability. The new oils will feature recognizable API markings for consumers.

Valvoline Inc. (NYSE: VVV) announced plans to report its third-quarter financial results on August 3, 2020, after market close. Following the release, it will host a live audio webcast for analysts and investors on August 4, 2020, at 9 a.m. ET. Valvoline is recognized as a leading supplier of premium lubricants and automotive services, operating approximately 1,400 quick-lube locations globally. The company is known for its high-quality motor oils and automotive chemicals, with sales in over 140 countries.

Valvoline Inc. (NYSE: VVV) has partnered with MotorTrend Group, becoming the "Official Motor Oil" of its digital and print platforms and presenting sponsor of the upcoming Top Gear America. The partnership aims to target D.I.Y. consumers across the U.S., particularly male auto enthusiasts aged 18-34. Valvoline's "Original Motor Oil Campaign," launched on June 22, reflects its 150-year heritage as the first U.S. trademarked motor oil brand. The partnership includes extensive exposure through various media channels and promotional activities.

Valvoline Inc. (NYSE: VVV) reported preliminary financial results for June 2020, highlighting a substantial recovery from COVID-19 impacts. Key metrics include a 33% increase in sales and a 32% rise in lubricant volume compared to May 2020. Quick Lubes' same-store sales grew by 7.2% year-over-year, with company-owned stores up by 10.4%. The company's total liquidity stood at nearly $1.3 billion as of June 30, 2020, indicating strong financial health. CEO Sam Mitchell expressed optimism about the company's resilience and planned marketing investments going forward.