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) maintains its position as a global leader in automotive maintenance solutions through continuous innovation in lubricant technology and preventive care services. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and market initiatives.
Access real-time updates including earnings reports, product innovations, and strategic partnerships. Our curated collection features official press releases alongside third-party analysis of Valvoline's franchising expansions, environmental initiatives, and advancements in synthetic oil formulations.
Key coverage areas include quarterly financial results, service network growth, technical certifications, and leadership changes. Bookmark this page for streamlined tracking of Valvoline's operational milestones in the competitive automotive services sector.
Valvoline Inc. (NYSE: VVV) announced plans to report its fiscal second quarter financial results on May 10, 2023. A live audio webcast for analysts and investors will also take place on the same day at 9 a.m. ET. This presentation will be accessible on Valvoline's Investor Relations website, which will also host a replay afterward. Valvoline operates and franchises over 1,700 service centers across the U.S. and Canada, specializing in preventive automotive maintenance services. The company emphasizes convenience and transparency, boasting an average consumer rating of 4.6 out of 5 stars based on over 600,000 customer surveys annually.
On March 1, 2023, Valvoline Inc. (NYSE: VVV) announced the completion of its Global Products business sale to Aramco for $2.65 billion in cash. This strategic move allows Valvoline to focus solely on automotive services, backed by a $1.6 billion share repurchase plan aimed at returning capital to shareholders over the next 18 months. CEO Sam Mitchell expressed optimism about future growth and capital allocation. The sale enhances capital structure and is projected to provide significant returns. Goldman Sachs acted as the financial advisor for Valvoline during this transaction.
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