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Valvoline Inc. to Report Financial Results for Third Quarter 2025 and Host Webcast on August 6
Prnewswire· 2025-07-21 20:30
LEXINGTON, Ky., July 21, 2025 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal third quarter on August 6, 2025. A live audio webcast with analysts and investors will also be held on August 6, 2025 at 9 a.m. ET.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 ...
Valvoline Inc. Releases Its Fiscal Year 2024 Impact Report
Prnewswire· 2025-07-15 11:00
Core Insights - Valvoline Inc. released its FY24 Impact Report, showcasing its contributions to environmental, social, and governance issues during the 2024 fiscal year [1][2] Company Achievements - The company achieved a record-breaking fundraising year for Children's Miracle Network Hospitals and opened its 2000th store, reflecting significant growth and community impact [2] - Valvoline Inc. operates over 2,000 service centers across the U.S. and Canada, completing more than 28 million services annually, including quick oil changes and various maintenance services [4] - The company employs approximately 11,000 team members focused on expanding the business and preparing for future vehicle needs [4] Environmental and Social Initiatives - Valvoline Inc. became an EPA Green Power Partner and was recognized as a Top 30 Retail Partner for its efforts in increasing renewable energy usage [6] - The launch of the "Happy to Help" community impact platform emphasizes youth health and mental well-being, alongside record donations to Children's Miracle Network Hospitals [6] - The company is expanding professional growth and development opportunities for its service center employees as it grows its network [6]
Dorman Products, Inc. Announces Date to Report Second Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-07-14 13:15
COLMAR, Pa., July 14, 2025 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the second quarter ended June 28, 2025, after the closing of the Nasdaq Stock Market on August 4, 2025. The Company also announced that it is scheduled to conduct a conference call and webcast of its second quarter 2025 financial results on August 5, 2025, at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 w ...
Valvoline Instant Oil Change Launches School Supply Drive to Support Local Students
Prnewswire· 2025-07-14 11:30
Group 1 - Valvoline Instant Oil Change is launching a School Supply Drive from July 14th to August 3rd to support students in Southwest Florida as they prepare for the new school year [1][2] - Customers who donate new school supplies will receive a 20% discount on their total purchase, with all donations benefiting local students and teachers in Charlotte, Collier, and Lee counties [2] - The company operates over 2,000 service centers across the U.S. and Canada, completing more than 28 million services annually, including oil changes and maintenance services [4] Group 2 - Henley Enterprises, Inc. is the largest franchisee of Valvoline Instant Oil Change, operating more than 260 service centers across eight states [5]
Genuine Parts Company to Report Second Quarter 2025 Results on July 22, 2025
Prnewswire· 2025-07-01 20:30
ATLANTA, July 1, 2025 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, plans to release second quarter financial results on July 22, 2025. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the company's investor relations website. The call is also available by dialing 1-800-836-8184. A replay of the ...
O'Reilly Automotive, Inc. Announces Dates for Its Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-01 20:30
Core Points - O'Reilly Automotive, Inc. will release its second quarter 2025 financial results on July 23, 2025, after 3:30 p.m. Central Time [1][2] - A conference call to discuss the financial results will take place on July 24, 2025, at 10:00 a.m. Central Time [2][4] - The company operates 6,416 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada as of March 31, 2025 [3]
LKQ Corporation and SYNETIQ, an IAA Company Announce Strategic European Joint Venture
Globenewswire· 2025-06-24 12:00
Core Insights - LKQ Corporation has formed a joint venture with SYNETIQ Ltd. to enhance its vehicle recycled parts strategy in Europe [1][2] - The joint venture, named LKQ SYNETIQ, aims to leverage LKQ's distribution capabilities and SYNETIQ's dismantling and recycling expertise to meet future EU regulations [2][4] - The collaboration is expected to provide sustainable and affordable parts for automotive repair, particularly for hybrid and electric vehicles [4] Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for automobiles, with operations in North America, Europe, and Taiwan [5] - The company offers a wide range of OE recycled and aftermarket parts, components, and services for various types of vehicles [5] Joint Venture Details - LKQ SYNETIQ will combine LKQ's logistics network with SYNETIQ's dismantling capabilities, which include dismantling approximately 27,000 vehicles annually across four UK sites [2][3] - The joint venture will be led by key executives from both companies, including Michael Hill from SYNETIQ and Annick Jourdenais from LKQ Europe [3] Strategic Goals - The partnership aims to maximize the environmental and financial potential of vehicles while supporting the UK's salvage community [4] - LKQ plans to continue acquiring salvage vehicles and recycled parts from various sources to enhance availability for consumers [4]
Genuine Parts Company Announces Executive Officer Changes
Prnewswire· 2025-06-09 20:30
Randy Breaux to Retire as Group President, GPC North AmericaAlain Masse Promoted to President, North America AutomotiveATLANTA, June 9, 2025 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announces Randy Breaux's decision to retire as Group President, GPC North America at the end of 2025. The company also announced Alain Masse's promotion from President, UAP, Inc., GPC's Canadian automotive busine ...
Motorcar Parts of America(MPAA) - 2025 Q4 - Earnings Call Transcript
2025-06-09 18:02
Financial Data and Key Metrics Changes - Net sales increased by 5.5% to a record $757 million for fiscal year 2025, with gross profit rising by 16.1% to a record $154 million [7][20] - Cash flow from operating activities was $45.5 million, and net bank debt was reduced by $32.6 million to $81.4 million [7][27] - For the fourth quarter, net sales increased by 1.9% to $193.1 million, and gross profit increased by 10.6% to $38.5 million [20][21] Business Line Data and Key Metrics Changes - The hard parts business, particularly in rotating electrical products, continues to perform well, driven by the non-discretionary nature of the products [9][10] - Brake-related applications are the second largest product category, showing strong performance supported by quality and customer service [10][12] - The diagnostic business is experiencing growth, particularly with the JBT-one benchtop tester, which is expected to contribute additional service-related revenue [14][15] Market Data and Key Metrics Changes - The average age of U.S. light vehicles has risen to 12.8 years, leading to increased replacement opportunities [10] - Vehicle registrations in 2024 surpassed 16 million for the first time since 2019, indicating a favorable market environment [10] - The company is well-positioned in the Mexican market, with increased demand for aftermarket parts and strong relationships with U.S.-based retailers [14] Company Strategy and Development Direction - The company is focused on mitigating tariff impacts through price increases and supply chain initiatives, aiming for strategic competitive advantages [6][8] - There is a strong emphasis on reducing dependency on Chinese suppliers, with less than 25% of products sourced from China [8][32] - The company aims to enhance shareholder value through cash generation, debt reduction, and share repurchases [7][19] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the outlook for non-discretionary aftermarket parts, expecting continued organic growth supported by favorable industry dynamics [16][17] - Tariffs are seen as a challenge, but management believes they can maintain rational pricing and continue to offer quality products [17][18] - The company anticipates net sales for fiscal year 2026 to be between $780 million and $800 million, representing year-over-year growth of 35.6% [27] Other Important Information - The company repurchased 542,134 shares for $4.8 million at an average price of $8.91 during fiscal year 2025 [7] - Non-cash expenses related to foreign exchange and tariffs have impacted financial results, but management is focused on minimizing these expenses [11][21] Q&A Session Summary Question: How do tariffs potentially help market share? - Management indicated that they have adjusted their supply chain to be less dependent on China, which positions them favorably compared to competitors who rely on U.S. inventory [32][33] Question: Impact of customer price increases on gross margin? - Management acknowledged that while tariffs may slightly negatively impact gross margin, other initiatives are expected to offset this effect [35] Question: Clarification on tariff impacts and price increases? - Management noted that the timing of tariff impacts is unpredictable but expects to see improvements as price increases take effect [41][42] - Almost 100% of the price increases have been accepted by customers [43] Question: Expected margin expansion catalysts? - Management highlighted initiatives focused on reducing costs per unit and increasing sales per unit as key drivers for margin expansion [44][45]
Dorman announces planned retirement of Chief Financial Officer David M. Hession
Globenewswire· 2025-06-05 20:15
Company Announcement - Dorman Products, Inc. announced the retirement plans of David M. Hession, Senior Vice President and Chief Financial Officer, later this year [1] - The company has initiated a search process for Mr. Hession's successor with the help of an executive search firm [1] Leadership Insights - Kevin Olsen, President and CEO of Dorman, acknowledged Mr. Hession's integral role in driving the company's strong financial performance over the past six years [2] - Mr. Hession joined Dorman as CFO in February 2019 and contributed to business expansion through strategic acquisitions and strengthening the company's balance sheet and liquidity [2] Transition Plans - Mr. Hession will remain in his position until a successor is appointed and will serve in an advisory role to ensure a smooth transition [1][3] - He expressed pride in the accomplishments during his tenure and confidence in Dorman's future success [3] Company Background - Dorman has been providing aftermarket replacement products for over 100 years, focusing on solutions that save time and money for vehicle repair [4] - The company offers a diverse catalog of products for various vehicles, including cars, trucks, and specialty vehicles [5]