Earnings summaries and quarterly performance for VALVOLINE.
Research analysts who have asked questions during VALVOLINE earnings calls.
Justin Kleber
Robert W. Baird & Co.
6 questions for VVV
Also covers: ASO, AZO, DKS +6 more
Simeon Gutman
Morgan Stanley
6 questions for VVV
Also covers: AAP, ACI, ARHS +32 more
Steven Zaccone
Citigroup
6 questions for VVV
Also covers: AAP, AZO, BBY +14 more
Peter Keith
Piper Sandler & Co.
5 questions for VVV
Also covers: ARHS, BBY, BOOT +18 more
David Bellinger
Mizuho Securities USA LLC
4 questions for VVV
Also covers: AZO, CHWY, COST +11 more
Steven Shemesh
RBC Capital Markets
4 questions for VVV
Also covers: OLLI, WOOF
David Lantz
Wells Fargo & Company
3 questions for VVV
Also covers: MCW, MNRO, WOOF
Mark Jordan
Goldman Sachs Group, Inc.
3 questions for VVV
Also covers: AZO, DRVN, GPC +1 more
Tom Wendler
Stephens Inc.
3 questions for VVV
Also covers: MCW, MNRO
Bret Jordan
Jefferies
2 questions for VVV
Also covers: AAP, ABG, AN +19 more
Christopher O'Cull
Stifel, Nicolaus & Company
2 questions for VVV
Also covers: BROS, CAVA, CMG +13 more
Michael Harrison
Seaport Research Partners
2 questions for VVV
Also covers: APD, ASH, AVNT +17 more
Patrick
Wolfe Research
2 questions for VVV
Also covers: TENB
Alexia Morgan
Piper Sandler
1 question for VVV
Also covers: BYON, COOK, FND +3 more
Chris O'cull
Stifel Financial Corp
1 question for VVV
Also covers: BROS, CAVA, CMG +11 more
David Lance Hays
Wells Fargo
1 question for VVV
Also covers: DORM
Kate McShane
Goldman Sachs
1 question for VVV
Also covers: ASO, AZO, BBWI +19 more
Maksim Rakhlenko
Cowen and Company
1 question for VVV
Also covers: BOOT, FND, OSW +3 more
Mike Harrison
Seaport Research Partners
1 question for VVV
Also covers: AVD, AVNT, AXTA +13 more
Thomas Wendler
Stephens Inc.
1 question for VVV
Also covers: GPI, MNRO, PAG
Recent press releases and 8-K filings for VVV.
Valvoline Inc. Provides Investor Update with Strong Financial Performance and Growth Outlook
VVV
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Valvoline Inc. reported strong financial performance for FY2025 with Net Revenues of $1.71 billion, Adjusted EBITDA of $467 million, and Adjusted EPS of $1.59.
- The company projects continued growth for FY2026, with Net Revenues guided between $2.0 billion and $2.1 billion, Adjusted EBITDA between $525 million and $550 million, and Adjusted EPS between $1.60 and $1.70.
- Valvoline plans significant network expansion, targeting over 2,900 stores by 2028 from 2,365 in December 2025, and expects to expand its Adjusted EBITDA Margin from 27.3% in 2025 to 28-29+% by 2028.
- The company's medium-term financial commitments (2026-2028) include +3-5% Same Store Sales Growth, +9-11% Net Sales Growth, low to mid-teens Adjusted EBITDA Growth, and mid to high-teens Adjusted EPS Growth.
- Valvoline maintains a disciplined capital allocation strategy focused on high-quality network growth, achieving a target net debt to EBITDA ratio of 1.5-2.5x, and returning excess cash to shareholders primarily through share repurchases.
8 days ago
Valvoline Outlines Growth Strategy and Financial Commitments
VVV
Guidance Update
M&A
Share Buyback
- Valvoline projects 9-11% net sales growth annually beyond fiscal year 2026, following an expected 20% growth in fiscal year 2026 due to the Breeze acquisition. This growth is supported by anticipated 3-5% same-store sales growth and 7%+ network growth, aiming for over 2,900 stores by the end of 2028.
- The company expects to expand margins by 100-200 basis points, leading to low- to mid-teens EBITDA growth and mid- to high-teens EPS growth (excluding modest FY26 growth).
- Valvoline plans to increase free cash flow from $48 million in fiscal year 2025 to $200-$250 million by fiscal year 2028, a 4-5 times increase.
- Strategic capital allocation includes investing in network expansion, maintaining a strong balance sheet, and returning excess cash to shareholders through share repurchases. The company aims to reduce its net debt to EBITDA leverage from 3.2 times (post-Breeze) to 2.5 times within 18-24 months.
- The Breeze acquisition, involving 162 stores, is expected to more than double EBITDA at maturity, bringing the effective multiple down to approximately 7 times from an initial effective purchase multiple of 13 times.
8 days ago
Valvoline Outlines Financial Commitments and Growth Strategy at Investor Update
VVV
Guidance Update
New Projects/Investments
Share Buyback
- Valvoline (VVV) expects to deliver 9-11% net sales growth annually over the next three years, following 20% growth in fiscal 2026 due to the Breeze acquisition. This growth is anticipated from 3-5% medium-term same-store sales growth and over 7% annual network growth, with 50-60% of new unit growth coming from franchise partners.
- The company projects 100-200 basis points in EBITDA margin gains, leading to low- to mid-teens EBITDA growth. Free cash flow is expected to grow 4-5 times from $48 million in fiscal 2025 to $200 million-$250 million by fiscal 2028.
- Mid- to high-teens EPS growth is targeted, supported by profit growth and a disciplined capital allocation strategy that includes maintaining a strong balance sheet and returning excess cash to shareholders through share repurchases.
- The Breeze acquisition, despite FTC-driven divestitures, is expected to more than double EBITDA at maturity, reducing the effective purchase multiple from 13 times to closer to seven times.
8 days ago
Valvoline Provides Investor Update on Growth Strategy and Financial Outlook
VVV
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Valvoline projects 9%-11% net sales growth annually over the next three years, following an expected 20% growth in fiscal 2026 due to the Breeze acquisition.
- The company anticipates 100-200 basis points in margin gains over the next few years, driven by an aging car park, operational efficiencies, an improved portfolio mix, and G&A leverage. They ended fiscal 2025 with a 27.3% EBITDA margin.
- Valvoline aims for low to mid-teens EBITDA growth and expects free cash flow to increase to $200-$250 million, which is four to five times the fiscal 2025 delivery.
- The company is committed to expanding its network to 3,500+ stores, expecting to reach over 2,900 by the end of 2028, with unit growth projected at over 7% per year for the next three years.
- Following the Breeze transaction, net debt to EBITDA is approximately 3.2 times, with a target to reduce it to 2.5 times as quickly as possible.
8 days ago
Valvoline Outlines Growth Strategy and Financial Targets
VVV
Guidance Update
New Projects/Investments
M&A
- Valvoline, a pure-play retail services provider, projects 9%-11% net sales growth annually after an expected 20% growth in fiscal 2026 (driven by the Breeze acquisition), targeting 3%-5% same-store sales growth and 7+% network growth.
- The company plans to expand its network to over 2,900 locations by the end of 2028 and over 3,500+ total stores, anticipating 100-200 basis points in margin gains over the next few years through operational efficiencies and portfolio shifts.
- Valvoline expects free cash flow to increase 4-5 times from $48 million in fiscal 2025 to $200 million-$250 million by fiscal 2028, contributing to mid- to high-teens EPS growth.
- Following the Breeze acquisition of 162 stores, the company's net debt to EBITDA leverage is approximately 3.2 times, with a commitment to reduce it to 2.5 times within 18-24 months before initiating share repurchases.
8 days ago
Valvoline Inc. Investor Update Highlights Growth Strategy and Financial Targets
VVV
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Valvoline Inc. hosted an Investor Update on December 11, 2025, to provide information regarding its business strategy and outlook.
- The company issued FY2026 guidance, projecting Net Revenues of $2.0 - 2.1 billion, Adjusted EBITDA of $525 - 550 million, and Adjusted EPS of $1.60 - 1.70.
- For the medium-term (2026-2028), Valvoline targets system-wide same store sales growth of 3-5%, Net Sales growth of 9-11%, and Adjusted EBITDA margin expansion of +100 to 200 basis points.
- Valvoline aims for new store growth of >7% and expects its system-wide store network to expand from 2,365 as of December 2025 to >2,900 by 2028 (E).
- The company also emphasized its strong operational performance, including 19 consecutive years of System-Wide SSS Growth, and a target leverage ratio of 1.5 - 2.5x Net Debt to EBITDA.
8 days ago
Valvoline Completes Breeze Autocare Acquisition and Secures New Debt Facility
VVV
M&A
Debt Issuance
New Projects/Investments
- Valvoline Inc. completed the acquisition of Breeze Autocare (OC IntermediateCo, Inc.) from Greenbriar Equity Group on December 1, 2025.
- The net purchase price for the acquisition was $593 million, subject to customary adjustments.
- The acquisition was financed by borrowings under a new $740 million incremental senior secured term loan B credit facility, which has a maturity date of the seventh anniversary of the Closing Date.
- Immediately after closing, Valvoline divested 45 Breeze Autocare stores to Main Street Auto Express Oil, LLC, as required by the Federal Trade Commission.
Dec 1, 2025, 9:31 PM
VVV Reports Strong FY2025 Results, Announces Breeze AutoCare Acquisition, and Provides FY2026 Guidance
VVV
Earnings
M&A
Guidance Update
- VVV reported fiscal year 2025 system-wide store sales of $3.5 billion and adjusted EPS of $1.59 per share, which was at the low end of their guidance range. Net sales, adjusted for refranchising, grew 12% to $1.7 billion, with adjusted EBITDA increasing 11%.
- For Q4 2025, net sales grew 4% to $454 million (10% adjusted for refranchising), and system-wide same-store sales increased 6%.
- The company announced the acquisition of 162 Breeze AutoCare stores for a net purchase price of $593 million, funded by a new $740 million term loan B, expected to close on December 1. This acquisition is projected to increase the leverage ratio to approximately 4.2 times.
- For fiscal year 2026, VVV expects system-wide same-store sales growth of 4%-6%, overall network growth of 330-360 new stores, sales growth of approximately 20%, and adjusted EPS between $1.60 and $1.70 per share.
Nov 19, 2025, 2:00 PM
Valvoline Reports Strong Q4 and FY 2025 Results, Announces Breeze AutoCare Acquisition, and Provides FY 2026 Guidance
VVV
Earnings
M&A
Guidance Update
- Valvoline reported strong fiscal year 2025 results, with system-wide store sales reaching $3.5 billion and 170 new system-wide stores added, totaling 2,180 across the U.S. and Canada. Adjusted EPS for FY 2025 was $1.59 per share.
- For Q4 2025, net sales grew to $454 million (up 4% reported) and system-wide same-store sales increased 6%, contributing to an adjusted EBITDA margin increase of 20 basis points to 28.7%.
- The company announced the acquisition of Breeze AutoCare, adding 162 stores for a net purchase price of $593 million, to be funded by a new $740 million term loan B and closing on December 1.
- Fiscal year 2026 guidance includes system-wide same-store sales growth of 4%-6%, overall network growth of 330-360 new stores, and adjusted EPS of $1.60-$1.70 per share.
Nov 19, 2025, 2:00 PM
VVV Reports Strong Q4 and Full Year 2025 Results, Issues FY 2026 Guidance
VVV
Earnings
Guidance Update
M&A
- For fiscal year 2025, VVV reported Adjusted Net Sales of $1.71 billion, Adjusted EBITDA of $467 million, and Adjusted EPS of $1.59, meeting or exceeding its updated guidance for these metrics.
- The company achieved System-wide Same Store Sales growth of 6.1% for fiscal year 2025 and expanded its network to a total of 2,180 system-wide stores by year-end.
- In the fourth quarter of 2025, VVV's Adjusted Net Sales reached $454 million and Adjusted EBITDA was $130.1 million, with System-wide Same Store Sales growth at 6.0%.
- Looking ahead to fiscal year 2026, VVV issued guidance including Net Revenues of $2.0 billion to $2.1 billion, Adjusted EBITDA of $525 million to $550 million, and Adjusted EPS of $1.60 to $1.70, incorporating the Breeze acquisition.
Nov 19, 2025, 2:00 PM
Quarterly earnings call transcripts for VALVOLINE.
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