Valvoline (VVV) FY 2025 Conference September 04, 2025 11:40 AM ET Company ParticipantsMark Jordan - VP - Equity ResearchLori Flees - CEO & DirectorKevin Willis - CFOMark JordanOkay. Good morning, everyone. My name is Mark Jordan. I'm an analyst here at Goldman Sachs. Thank you very much for joining us today at the Goldman Sachs thirty second Annual Global Retailing Conference.It's my pleasure to introduce Valvoline and to moderate our fireside chat. Today, we have with us here Lori Fleas, Chief Executive Of ...

Valvoline (VVV) FY 2025 Conference September 04, 2025 11:40 AM ET Speaker0Okay. Good morning, everyone. My name is Mark Jordan. I'm an analyst here at Goldman Sachs. Thank you very much for joining us today at the Goldman Sachs thirty second Annual Global Retailing Conference.It's my pleasure to introduce Valvoline and to moderate our fireside chat. Today, we have with us here Lori Fleas, Chief Executive Officer and Director and Kevin Willis, Chief Financial Officer. Lori and Kevin, thank you very much for ...

Group 1: Sportradar Group - Sportradar Group is a provider of sports betting and sports entertainment products and services, holding a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Sportradar's current year earnings has increased by 41.9% over the last 60 days [1] - The company's shares gained 28.9% over the last three months, outperforming the S&P 500's gain of 8.8%, and it possesses a Momentum Score of A [2] Group 2: Dorman Products - Dorman Products is a leading supplier of Dealer Exclusive replacement parts to the Automotive, Medium and Heavy-Duty Aftermarkets, also holding a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Dorman's current year earnings has increased by 7.7% over the last 60 days [2] - Dorman's shares gained 28.2% over the last three months, again outperforming the S&P 500's gain of 8.8%, and it possesses a Momentum Score of A [3] Group 3: SB Financial Group - SB Financial Group is a financial services holding company offering a full range of financial services for consumers and small businesses, with a Zacks Rank 1 [4] - The Zacks Consensus Estimate for SB Financial's current year earnings has increased by 9.9% over the last 60 days [4] - The company's shares gained 11% over the last three months, compared to the S&P 500's gain of 8.8%, and it possesses a Momentum Score of A [5]

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Rush Street Interactive (RSI) : This online casino and sports betting gaming company principally in the United States, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.Udemy (UDMY) : This company which develops educational software solutions, has seen the Zacks Consensus Estimate for its current year earningsincreasing 9.3% over the last 60 days.Envista (NVST) : This company whic ...

Financial Performance - Pro-forma revenue reached $19435 million, a decrease of 15% compared to FY24[15] - Pro-forma gross margin was 465%, a slight increase of 3 bps compared to FY24[15] - Pro-forma NPAT was $804 million, down 84% compared to the previous corresponding period[15] - Statutory NPAT was $281 million, including significant items of $523 million post-tax[17] - Net debt stood at $3648 million, an increase of 82% compared to FY24[15] - Cash conversion rate improved to 818%, compared to 769% in the previous corresponding period[15] Strategic Initiatives - The company closed or relocated 70 sites, including consolidating 23 smaller warehouses[17, 18] - The company opened 21 new branches and stores[17, 18] - $47 million of inventory was centralized as part of the supply chain consolidation[28] - The Autobarn loyalty program was strengthened, adding 500,000 new members, bringing the total to 17 million[29, 30]

Core Insights - Holley Performance Brands is launching new activations for its fall flagship events, including the 16th annual LS Fest East, which is the largest LS-powered celebration in the U.S. [1][2] - The event will feature new attractions such as Burnout Wars and Ultra4 USA off-road racing, aimed at enhancing engagement and expanding Holley's visibility through social media [2][3] - Holley emphasizes its mission to connect with automotive enthusiasts and foster community engagement through innovative experiences [3][5] Event Details - LS Fest East will take place at Beech Bend Raceway in Bowling Green, Kentucky, from September 5-7, 2025, followed by MoParty and Ford Festival later in the month [10] - The events are expected to draw tens of thousands of visitors, significantly benefiting the local economy through increased business activity [5] Economic Impact - Holley's events are projected to generate millions of dollars for the Bowling Green economy, benefiting local hotels, restaurants, and businesses [5] - The company is also leveraging social media to connect with over 1 million additional automotive enthusiasts online, enhancing brand presence and engagement [6] Strategic Partnerships - A new activation with Callaway Cars will debut at LS Fest East, showcasing the strategic partnership and shared passion for LS-powered performance [3][8] - Holley aims to create a powerful experience that encourages enthusiasts to return to its events year after year [7]

Core Insights - Holley Performance Brands has proactively reduced its debt by an additional $15 million, totaling $90 million in debt repayment since September 2023, demonstrating its commitment to strengthening its balance sheet and enhancing financial flexibility [1][2] - The recent debt paydown was executed through opportunistic repurchases of its first lien term loan facility at a discount, funded entirely with free cash flow, which is expected to generate up to $3.7 million in annualized net interest savings [2] Financial Performance - The company has experienced strong free cash flow generation, which has contributed to its ability to reduce debt and strengthen its balance sheet [2] - Holley expects to achieve a leverage ratio at or below 4.0x by year-end, marking its lowest level in over three years [2] Strategic Focus - Holley Performance Brands is recognized for its operational excellence and disciplined execution across teams, which has fueled core business growth for two consecutive quarters [2] - The company is committed to enhancing the enthusiast experience and driving growth through innovation, focusing on four consumer vertical groupings: Domestic Muscle, Modern Truck & Off-Road, Euro & Import, and Safety & Racing [4]

LEXINGTON, Ky., Aug. 20, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that the company will be participating in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference on Thursday, September 4, at 11:40 a.m. ET.A live audio webcast will be available on Valvoline's investor relations website at http://investors.valvoline.com. Following the live event, an archived version of the webcast will be avail ...

Core Insights - Holley Performance Brands and Callaway Cars have formed a partnership to develop performance packages for GM trucks and SUVs, aiming to enhance dealer network access and serve automotive enthusiasts [1][4][5] Partnership Overview - The collaboration combines Callaway's engineering expertise with Holley's operational capabilities to deliver turnkey, dealer-approved performance solutions [2][9] - The performance packages will target popular GM models including Silverado, Sierra, Suburban, Tahoe, Yukon, Escalade, and Corvette, with varying price points [3][4] Strategic Initiatives - Holley will lead digital and direct-to-consumer sales, while Callaway will focus on GM dealership outreach [3] - Investments will be made by Holley to support vehicle development, marketing, and activation efforts, including multi-channel outreach campaigns [6] New Facilities and Production Capacity - A new Callaway Performance Center will be established in Bowling Green, Kentucky, to enhance production capacity and availability of dealer-backed solutions [8] - The center will focus on Corvette and GM truck and SUV offerings, leveraging synergies with local production [7][8] Market Positioning - The partnership positions both companies to drive growth and deliver innovative products for automotive enthusiasts, enhancing their presence in the performance aftermarket [5][9] - Holley aims to solidify its status as a global leader in the automotive performance aftermarket through this collaboration [5]

Core Insights - Holley reported stronger-than-expected GAAP revenue of $166.7 million for Q2 2025, exceeding analyst estimates by $4.0 million, despite a 1.7% year-over-year decline in headline sales [1][5] - The core business sales increased by 3.9% after adjusting for business exits and discontinued items, indicating resilient momentum [1][5] - Profitability faced challenges, with adjusted EBITDA dropping to $36.4 million, down 5.0% from the previous year, and net income margin declining to 6.5% [1][7] Financial Performance - Q2 2025 EPS (Non-GAAP) was $0.09, a decrease of 10.0% from $0.10 in Q2 2024 [2] - Revenue (GAAP) was $166.7 million, compared to $169.5 million in Q2 2024, reflecting a 1.7% decline [2] - Adjusted EBITDA fell to $36.4 million from $38.3 million year-over-year, with a margin slip from 22.6% to 21.9% [2][7] - Free cash flow (Non-GAAP) reached a record $35.7 million, a 46.2% increase from $24.4 million in Q2 2024 [2][8] Business Strategy and Focus - Holley focuses on channel expansion, digital sales, and direct-to-consumer connections, aiming to strengthen its multi-brand portfolio and boost product innovation [4] - The company reported a 6.5% increase in B2B channel sales and over 8.6% growth in DTC orders, with third-party marketplace activity rising more than 28% [6] - R&D spending increased by 18.0% to $5.1 million, supporting new product launches across various categories [9][10] Cost Management and Tariff Response - Holley implemented an average price increase of 8.75% effective June 9, 2025, to mitigate tariff impacts, forecasting limited effects for the remainder of FY2025 [11] - The company reduced SG&A expenses by $1.6 million year-over-year, reflecting a focus on cost control and efficiency [11] Future Outlook - For FY2025, Holley projects revenue between $580 million and $595 million, indicating growth of 0.8% to 3.4% after normalizing for recent portfolio changes [13] - Adjusted EBITDA is expected to range from $116 million to $127 million, with capital expenditures forecasted between $10 million and $14 million [13] - The guidance suggests low single-digit growth in core segments, driven by channel momentum and proactive pricing strategies [14]