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) will announce its fiscal fourth-quarter financial results after market hours on October 28, 2020. A live audio webcast for analysts and investors is scheduled for 9 a.m. ET on October 29, 2020. The webcast will be accessible on Valvoline's Investor Relations website, along with a slide presentation. Established in 1866, Valvoline is a leading supplier of lubricants and operates approximately 1,400 quick-lube locations in the U.S. and Canada.
Valvoline Inc. (NYSE: VVV) announced plans to acquire 33 quick-lube service centers in Idaho, Missouri, and Kansas through two separate transactions. The acquisitions include 12 centers from Einstein's Oilery in Boise, Idaho, and 21 existing Valvoline Instant Oil Change centers from Westco Lube, Inc. in the Kansas City area. Both deals are expected to close in early Q1 FY21, though financial terms were not disclosed. Valvoline aims to enhance its service offerings and expand its network amidst growing demand for quick-lube services, particularly during the COVID-19 pandemic.
Valvoline Instant Oil Change (VIOC) is partnering with the Jimmy Fund in New England this fall to raise funds for cancer research and patient care. Customers can contribute $1 at participating locations and receive a promotion card with guaranteed prizes. This initiative has already raised over $241,000 since inception. CEO Don Smith highlighted the importance of supporting cancer research, especially during the pandemic. This marks the seventh year of collaboration between VIOC and the Jimmy Fund, reinforcing their community commitment.
Valvoline Inc. (NYSE: VVV) announced plans to acquire 14 quick-lube locations from Kent Lubrication Centers Ltd. in Texas, enhancing its service center network. This strategic acquisition aims to strengthen Valvoline's quick-lube presence in the Midland/Odessa area and aligns with its growth strategy through targeted acquisitions. The deal, set to close in Q1 of fiscal 2021, underscores Valvoline’s commitment to expanding its footprint beyond existing markets such as Houston and Dallas. Financial terms remain undisclosed.
On Sept. 4, 2020, CarAdvise announced its partnership with Valvoline Instant Oil Change, expanding its network of auto maintenance and repair services. This agreement provides CarAdvise's driver members access to nearly 1,500 additional service centers across the U.S. The partnership utilizes CarAdvise's technology to offer cost-effective maintenance solutions, allowing drivers to save between 10-40%. The move supports safety with a 'No Contact Car Care' feature, minimizing personal interaction during service appointments.
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.