Valvoline Inc

VVV

Equity

ISIN US92047W1018 / Valor 32789200

New York Stock Exchange, Inc (2024-09-18)

USD 41.03-0.24%

Valvoline Inc
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About company

Valvoline Inc. (NYSE: VVV) is a leading company in the automotive service industry, offering preventive vehicle maintenance solutions that prioritize consumer convenience and transparency. With a strong reputation for quality service, Valvoline Inc. operates and franchises nearly 1,800 service center locations under its Valvoline Instant Oil ChangeSM and Valvoline Great Canadian Oil Change retail brands, as well as supporting independent operators through its Valvoline Express Care locations in North America. The company's services range from 15-minute, stay-in-your-car oil changes to battery replacements and tire rotations, catering to all types of vehicles. Valvoline Inc.'s commitment to simplifying consumers' lives and providing reliable maintenance solutions has earned it an average consumer rating of 4.6 out of 5 stars.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Valvoline Inc. reported sales from continuing operations of $373 million for the first quarter of fiscal 2024, which ended on December 31, 2023. This represents a 12% increase compared to the same period in the previous year.

Income and Earnings

For the first quarter of fiscal 2024, Valvoline Inc. reported income from continuing operations of $34 million, marking a 26% growth year-over-year. Additionally, earnings per diluted share (EPS) increased by 73% to $0.26.

Adjusted Financial Metrics

Valvoline Inc.'s adjusted EBITDA for the first quarter of fiscal 2024 was $90 million, reflecting a 23% increase from the prior year. The adjusted earnings per share (EPS) also saw a significant rise of 81%, reaching $0.29.

Store Expansion

During the first quarter of fiscal 2024, Valvoline Inc. added 38 new stores to its network, with an equal split between franchised and company-operated locations. This brings the total number of system-wide stores to 1,890.

Share Repurchases

In the first quarter of fiscal 2024, Valvoline Inc. repurchased over $170 million worth of its stock, with $40 million remaining on the current share repurchase authorization. This move is part of the company's commitment to return a substantial amount of the net proceeds from the sale of its Global Products business to shareholders.

Summarized from source with an LLMView Source

Key figures

26.2%1Y

32.5%3Y

86.4%5Y

Performance

26.9%1Y

29.0%3Y

36.8%5Y

Volatility