VVV - Earnings announcements

Delivers 25% top-line growth, 8.2% system-wide SSS growth; Updates guidance Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its second quarter ended March 31, 2026. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "We delivered a strong second quarter with results that reflect our focus on driving the full potential of the core business," said Lori Flees, President & CEO. "Top-line sales grew 25% underpinned by system-wide same-store sales growth of 8.2% and the contribution from new stores, including Breeze, which is performing well as we continue to

Delivers 11% top-line growth, 5.8% system-wide SSS growth, 200 net store additions Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its first quarter ended December 31, 2025. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "We delivered a strong quarter to start the fiscal year," said Lori Flees, President & CEO. "System-wide same store sales growth of 5.8%, along with our network expansion, drove double-digit profit growth and margin improvement. During the first quarter, we added 200 stores, including 162 from the Breeze acquisition. The Breeze busi

Sales of $1.7 billion and delivers 19th consecutive year of system-wide SSS growth; Plans to close the Breeze acquisition and host an Investor Update in December Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its fourth quarter and fiscal year ended September 30, 2025. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "Fiscal 2025 was another year of compelling growth and delivery of our financial targets. We continue to advance our strategic priorities and create long-term value for our shareholders," said Lori Flees, President and CEO. "As we wrap

Delivers sales of $439 million with strong profit growth; Adds 46 new stores  LEXINGTON, Ky., Aug. 6, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its third quarter ended June 30, 2025. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "For the third quarter, we are pleased to have delivered strong sales, profit and store growth," said Lori Flees, President and CEO. "Our business continues to demonstrate remarkable re

Delivers sales of $403 million, 5.8% system-wide SSS growth; Announces new CFO LEXINGTON, Ky., May 8, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its second quarter ended March 31, 2025. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "For the second quarter, the business performed in line with our expectations and we are encouraged by the resiliency of our business in light of the uncertain macro and tariff environ

Breeze Autocare is a strong operator of nearly 200 stores primarily operated under the Oil Changers brand across 17 statesAllows Valvoline to build scale and more quickly expand its presence in strategic marketsExpected to deliver top line sales and profit growth and enhance an already strong cash flow profileThe purchase price of approximately $625 million represents a multiple of 10.7 times Breeze Autocare's adjusted EBITDA1Transaction expected to close in fiscal Q3 2025LEXINGTON, Ky., Feb. 20, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it has signed a definitive agreement to acquire Breeze Auto

Delivers 11% top-line growth, 8% system-wide SSS growth, and 35 store additions LEXINGTON, Ky., Feb. 6, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for its first quarter ended December 31, 2024. All comparisons in this press release are made to the same prior-year period unless otherwise noted. "We are pleased with the performance to start fiscal year 2025," said Lori Flees, President and CEO.  "Our resilient and differentiated business model continues to deliver double-d

Sales of $1.6 billion and system-wide store sales of $3.1 billion each growing 12%, delivering 18th fiscal year of system-wide SSS growth Fiscal year highlights Sales from continuing operations of $1.6 billion grew 12%, driven by system-wide same-store sales (SSS) growth of 6.7%Store count increased nearly 9% YoY, bringing system-wide total to 2,010Reported income from continuing operations of $215 million grew 8% and earnings per diluted share (EPS) of $1.63 increased 33%Continuing operations adjusted EBITDA of $443 million increased 17% while adjusted EBITDA margin improved 100 bps to 27.3%, adjusted EPS of $1.57 increased 33%Returned $227 million in cash to shareholders via share repurcha

Delivers 12% top-line growth, 6.5% system-wide SSS growth, 33 store additions and announces refranchising of 17 stores Sales from continuing operations of $421 million grew 12%, driven by system-wide same store sales (SSS) growth of 6.5%Income from continuing operations of $48 million declined 25%, reflecting a year-over-year reduction in interest income, and earnings per diluted share (EPS) of $0.37 decreased 8%,Continuing operations adjusted EBITDA of $123 million increased 12% and adjusted EPS of $0.45 increased 5% over the prior year, which reflects a year-over-year reduction in interest incomeStore additions in the quarter totaled 33 (15 franchised and 18 company-operated) bringing tota

Delivers 7.7% system-wide SSS growth and 38 net store additions Sales from continuing operations of $389 million grew 13%, driven by system-wide same store sales (SSS) growth of 7.7%Reported income from continuing operations of $43 million grew 32% and earnings per diluted share (EPS) of $0.33 increased 74%Continuing operations adjusted EBITDA of $105 million increased 21% and adjusted EPS of $0.37 increased 61%Net store additions in the quarter totaled 38 (14 franchised and 24 company-operated) bringing total system-wide stores to 1,928Updating guidance to narrow the range for certain key metricsLEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted

Delivers 7.1% system-wide SSS growth and 38 store additions Sales from continuing operations of $373 million grew 12%, driven by system-wide same store sales (SSS) growth of 7.1%Reported income from continuing operations of $34 million grew 26% and earnings per diluted share (EPS) of $0.26 increased 73%Continuing operations adjusted EBITDA of $90 million increased 23% and adjusted EPS of $0.29 increased 81%Store additions totaled 38 (19 franchised and 19 company-operated) bringing total system-wide stores to 1,890LEXINGTON, Ky., Feb. 6, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for it

Sales from continuing operations of $376.2 million grew 19%, while system-wide same-store sales (SSS) increased 12.5%Reported income from continuing operations of $64.5 million grew 62% and earnings per diluted share (EPS) of $0.40 increased 82%Continuing operations adjusted EPS of $0.43 increased 105% and adjusted EBITDA of $110.4 million increased 28%Net store additions total 23 (22 company-operated and 1 franchised) bringing total system-wide stores to 1,804Completed a modified "Dutch auction" tender offer to repurchase 27.0 million shares at $38.00 per share for an aggregate purchase price of $1.02 billion, excluding related fees and expensesLEXINGTON, Ky., Aug. 9, 2023 /PRNewswire/ -- V

Sam Mitchell to retire as CEO and member of the Board of Directors, effective September 30, 2023 Current President, Lori Flees, named CEO LEXINGTON, Ky., Aug. 9, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that Sam Mitchell is retiring as Chief Executive Officer and a member of the Board of Directors, effective September 30, 2023. Mitchell will be succeeded by Lori Flees, current President of Retail Services, as the Company's Chief Executive Officer. Flees will also join the Company's Board.

Sale of Global Products Complete, Moving Forward with Return of Proceeds Completed sale of Global Products business on March 1, generating $2.38 billion of net proceeds and an after-tax gain on the sale of discontinued operations of $1.15 billionIntend to commence a modified "Dutch auction" tender offer for up to $1 billion of Valvoline common stock, subject to market conditionsSales from continuing operations of $344.5 million grew 16% and 19% on an adjusted basis1, while system-wide same store sales (SSS) increased 13.5%Reported income from continuing operations of $32.9 million grew 43% and earnings per diluted share (EPS) of $0.19 increased 46%Continuing operations adjusted EPS of $0.23

Sale of the Global Products business remains on track with closing expected in early calendar year 2023 with $1.6 billion of the net cash proceeds expected to be returned via share repurchases in the 18 months following closeSales from continuing operations of $332.8 million grew 16%, while system-wide same store sales (SSS) increased 11.9%Reported income from continuing operations of $27.0 million declined 21% and earnings per diluted share (EPS) of $0.15 decreased 21%1Continuing operations adjusted EPS of $0.16 was flat and adjusted EBITDA of $73.3 million increased 1%Net store additions total 31 (23 company-operated and 8 franchised) bringing total system-wide stores to 1,746; focused on

Announces $1.6 Billion Share Repurchase Authorization; Sale of Global Products Expected to Close in Early Calendar Year 2023 Full-year highlights Reported net income of $424.3 million grew 1% and earnings per diluted share (EPS) of $2.35 grew 3%Adjusted EPS of $2.12 improved 9% and adjusted EBITDA of $674.6 million increased 7%Continuing operations net revenues of $1.2 billion increased 19%, reported net income of $109.4 million decreased 45% and adjusted EBITDA of $315.7 million increased 14%Continuing operations results reflect supply agreement markup, agency accounting treatment and indirect expense realignmentSystem-wide same-store sales (SSS) increased 13.7% -- the 16th consecutive year

Recently Announced Agreement for Sale of Global Products for $2.65 Billion in Cash Reported net income of $99 million grew 2% and earnings per diluted share (EPS) of $0.55 increased 4%Adjusted EPS of $0.58 improved 5% and adjusted EBITDA of $180 million increased 4%Sales grew 21% to $957 million driven by strong demand and pricing actionsRetail Services sales grew 16% with system-wide same-store sales (SSS) increasing 9.9% and net system-wide unit additions of 8%Global Products sales increased 24% primarily driven by volume growth of 9% and pricing actionsReturned $60 million in cash to shareholders via dividends and share repurchasesUpdates full-year guidance range for adjusted EBITDA to $6

Reports Preliminary Financial Results for Fiscal Third Quarter 2022 Transaction will successfully complete separation of Global Products and Retail Services businesses transforming Valvoline into a pure-play automotive service provider with targeted 20%+ earnings per share (EPS) growthValvoline to capitalize on highly compelling growth opportunities, while accelerating Retail Services evolution as hybrid and electric vehicle (EV) population growsValvoline expects to use estimated $2.25 billion in net cash proceeds from Global Products sale to accelerate return of capital to shareholders, reduce debt and invest in Retail Services businessPreliminary revenue for fiscal Q3 2022 of $957 million,

LEXINGTON, Ky., July 21, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal third quarter after market close on August 3, 2022, and host a live audio webcast with analysts and investors at 9 a.m. ET on August 4, 2022. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast

Reported net income of $81 million grew 19% and earnings per diluted share (EPS) of $0.45 increased 22%Adjusted EPS of $0.48 was flat and adjusted EBITDA of $158 million improved 1%Sales grew 26% to $886 million driven by strong demand and pricing actionsRetail Services sales grew 23% with system-wide same-store sales (SSS) increasing 13.1% and net system-wide unit additions of 7%Global Products sales increased 29% primarily driven by volume growth of 9% and pricing actionsReturned $57 million in cash to shareholders via dividends and share repurchasesReiterates full-year guidance for adjusted EBITDA of $675 to $700 million and adjusted EPS of $2.07 to $2.20LEXINGTON, Ky., May 9, 2022 /PRNew

LEXINGTON, Ky., April 21, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal second quarter after market close on May 9, 2022, and host a live audio webcast with analysts and investors at 9 a.m. ET on May 10, 2022. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast wi

LEXINGTON, Ky., Feb. 8, 2022 /PRNewswire/ --  Reported net income of $87 million was flat and earnings per diluted share (EPS) of $0.48 increased 2% Adjusted EPS of $0.48 increased 12% and adjusted EBITDA of $156 million improved 5% Sales grew 31% to $858 million Retail Services sales grew 36% with system-wide same-store sales (SSS) increasing 24.7% and net system-wide unit additions of 7% Global Products sales increased 28% with volume growth of 13% Returned $54 million in cash to shareholders via dividends and share repurchasesValvoline Inc. (NYSE:VVV), a global leader in ve

LEXINGTON, Ky., Jan. 13, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal first quarter after market close on Feb. 8, 2022, and host a live audio webcast with analysts and investors at 9 a.m. ET on Feb. 9, 2022. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast wi

LEXINGTON, Ky., Nov. 3, 2021 /PRNewswire/ -- Full-year highlights Reported net income of $420 million grew 32% and earnings per diluted share (EPS) of $2.29 increased 36% Adjusted EPS of $1.95 increased 37% and adjusted EBITDA of $634 million improved 28% Sales grew 27% to $3 billion; Retail Services sales increased 38% and Global Products sales increased 20% Retail Services system-wide same-store sales (SSS) increased 21.2%, net system-wide unit additions of 9%, operating income growth of 54%; adjusted EBITDA margin was 31.3% Global Products delivered volume growth of 16%, o

LEXINGTON, Ky., Oct. 21, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, today announced that it plans to report financial results for its fiscal fouth quarter after market close on Nov. 3, 2021, and host a live audio webcast with analysts and investors at 9 a.m. ET on Nov. 4, 2021. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast wi

LEXINGTON, Ky., Aug. 4, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a leading provider of automotive services and premium branded lubricants, today reported financial results for its third fiscal quarter ended June 30, 2021. All comparisons in this press release are made to the same prior-year period; however, comparisons to 2019 have also been included to normalize for the impacts of COVID-19. "The strength of our team, brand and business model drove exceptional results this quarter, with operating income growing 28% and adjusted EBITDA growing 35% versus Q3 2019," said

LEXINGTON, Ky., July 21, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a leading provider of automotive services and premium branded lubricants, today announced that it plans to report financial results for its fiscal third quarter after market close on Aug. 4, 2021, and host a live audio webcast with analysts and investors at 9 a.m. ET on Aug. 5, 2021. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same web