Company Leadership Transition - Valvoline Inc. announces the planned retirement of Chief Financial Officer Mary Meixelsperger, who will continue in her role until a successor is hired and will assist during the transition period [1][2] - The company has initiated a comprehensive search for a successor, involving both internal and external candidates [1] Executive Contributions - CEO Lori Flees expressed gratitude for Meixelsperger's leadership and contributions, highlighting her role in building the company and her strategic insights [2] - Meixelsperger joined Valvoline in 2016, just before its initial public offering and spinoff from Ashland Global Holdings [2] Meixelsperger's Background - Prior to Valvoline, Meixelsperger served as CFO for DSW Inc. and Shopko Stores, and she is currently on the board of directors for Genesco Inc. and The Federal Reserve Bank of Cleveland [3] - She was recognized as one of the Top 50 Women Leaders of Kentucky in 2023 [3] Company Overview - Valvoline Inc. is a leader in automotive preventive maintenance, operating approximately 2,000 service centers in North America [4] - In fiscal year 2023, Valvoline delivered around 27 million services, generating $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive same-store sales growth [4]

Valvoline Inc. (VVV) recently announced that in September, it inaugurated its 2,000th location under the Valvoline Instant Oil Change and Great Canadian Oil Change brands. This broadens its network of service centers across the United States and Canada to 3,500. This company-run two-bay service center in Centerville, OH, is the sixth Valvoline Instant Oil Change location in the Dayton, OH, metro area. Valvoline Instant Oil Change is ranked #1 in automobile preventive maintenance service providers on Entrepr ...

Core Viewpoint - Valvoline Inc. is accelerating its growth by reaching the milestone of opening its 2,000th service center, aiming for a total of 3,500 locations across the United States and Canada [1][2]. Expansion and Growth - The 2,000th location is a new, company-operated, two-bay service center in Centerville, Ohio, marking the sixth Valvoline Instant Oil Change location in the Dayton metro area [2]. - Valvoline's network growth is supported by its franchise partners and internal teams, contributing to the company's expansion strategy [2]. Industry Recognition - Valvoline Instant Oil Change has been ranked 1 in automotive preventive maintenance service providers on Entrepreneur's Franchise 500® 2024 list and 11 on Forbes' Best Customer Service list [3]. - The Great Canadian Oil Change brand received the top ranking in J.D. Power's Canadian Customer Service Index for aftermarket service facilities [3]. Financial Performance - In fiscal year 2023, Valvoline's network delivered approximately 27 million services, generating $1.4 billion in revenue from $2.8 billion in system-wide store sales [4]. - The company has achieved 17 consecutive years of same-store sales growth across its network [4]. Company Overview - Valvoline Inc. operates approximately 2,000 service centers in North America, providing a range of services including oil changes, battery replacements, and tire rotations [4]. - The company is recognized for its training excellence and has been awarded the BEST Award multiple times, highlighting its commitment to quality service [4].

LEXINGTON, Ky., Oct. 1, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that Valvoline Great Canadian Oil Change ranks highest among aftermarket service facilities in J.D. Power's 2024 Canada Customer Service Index–Long-Term Study. "Our Great Canadian Oil Change team is honored to be recognized by the communities we proudly serve," said Lori Flees, Valvoline Inc. President & Chief Executive Officer. "It's important to us ...

Valvoline Inc. (VVV) reported earnings from continuing operations of 37 cents per share in third-quarter fiscal 2024 (ended Jun 30, 2024), down from the year-ago quarter's tally of 40 cents. Barring one-time items, adjusted earnings were 45 cents per share in the quarter, up from 43 cents a year ago. It missed the Zacks Consensus Estimate of 49 cents. Revenues Net sales increased around 12% year over year to $421.4 million in the quarter. The metric missed the Zacks Consensus Estimate of $422.4 million. Sys ...

Valvoline Inc. (NYSE:VVV) Q3 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Elizabeth Russell - IR Lori Flees - President and CEO Mary Meixelsperger - CFO Conference Call Participants Steven Zaccone - Citi Simeon Gutman - Morgan Stanley Peter Keith - Piper Sandler Mike Harrison - Seaport Global Research David Bellinger - Mizuho Lydia Huang - JPMorgan David Lantz - Wells Fargo Bret Jordan - Jefferies Jim Chartier - Monness Crespi Hardt Operator Hello all, and welcome to Valvolin ...

For the quarter ended June 2024, Valvoline (VVV) reported revenue of $421.4 million, up 12% over the same period last year. EPS came in at $0.45, compared to $0.43 in the year-ago quarter. The reported revenue represents a surprise of -0.24% over the Zacks Consensus Estimate of $422.41 million. With the consensus EPS estimate being $0.49, the EPS surprise was -8.16%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

Valvoline (VVV) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -8.16%. A quarter ago, it was expected that this automotive and industrial lubricants maker would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of 2.78%. Over the last ...

Financial Performance - Net sales reached $421.4 million, reflecting a 12.0% increase[5] - Adjusted EBITDA was $123.2 million, with an adjusted EBITDA margin of 29.2%[5] - Adjusted EPS increased by 4.7% to $0.45[5] - System-wide store sales grew by 12.4% to $808.5 million[5] Store Network Growth - The company added 33 new stores in Q3, bringing the total system locations to 1,961[5] - System-wide same-store sales grew by 6.5%[5] - The company surpassed $3 billion in system-wide store sales over the last 12 months[18] Capital Allocation - Over 85% of total capital expenditure was deployed to growth capex, amounting to $56 million[5] - The company authorized a $400 million share repurchase program in July 2024[5] Financial Position - Cash and cash equivalents totaled $65.7 million[13] - Total debt stood at $1,149.5 million[13] Fiscal Year 2024 Guidance - The company projects same-store sales growth of 6% - 8%[17] - Net revenues are expected to be between $1.6 billion and $1.65 billion[17] - Adjusted EBITDA is projected to be in the range of $430 million to $455 million[17]

Exhibit 99.1 PRESS RELEASE Valvoline Inc. Reports Third Quarter Results 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 oper ...