Katherine Fogertey
Katherine Fogertey and Scott Mezvinsky be elected to the Board, effective July 22, 2026.
Highest-materiality recent filing
Valvoline prices $600M 6.125% senior notes due 2034; upsized from $500M
Priced $600M aggregate principal of 6.125% senior notes due 2034, upsized $100M from initial $500M offering.
Valvoline Q3 sales up 24% to $545M, raises FY SSS growth guidance to 7.5%-8%
Sales $545M (+24% YoY); system-wide same-store sales +8.0%; adjusted EBITDA $162M (+25%).
Valvoline Q2 revenue $504M (+25% YoY), SSS +8.2%, adj EPS $0.41; raises FY guidance
Sales $504M (+25% YoY); system-wide store sales $987M (+20%); system-wide SSS +8.2%.
Valvoline Q1 revenue up 11% to $462M; adjusted EPS $0.37 +16%
System-wide same-store sales +5.8%; net store additions of 200 including 162 from Breeze acquisition.
Valvoline closes $593M Breeze Autocare buy, funds via $740M term loan, divests 45 stores
Net purchase price of $593M for OC IntermediateCo, owner of Breeze Autocare and Oil Changers quick-lube stores.
Valvoline FY2025 sales $1.7B up 6%; Breeze acquisition to close Dec 1 for net $593M
FY2025 revenue $1.7B (+6% YoY); adj. EBITDA $467M (+6%); adj. EPS $1.59 (+1%)
Valvoline extends Breeze Autocare merger deadline to Nov 15, 2025 amid FTC review
Acquisition of Breeze Autocare (Oil Changers) deadline extended to Nov 15, 2025 from July 1, 2025.
Valvoline Q3 sales $439M (+4%); profit up 18%; adds 46 stores; updates FY guidance
Revenue $439M (+4% reported, +12% adjusting for refranchising); system-wide SSS +4.9%.
Valvoline Q2 sales $403M (+4%), SSS +5.8%, EPS $0.30; reaffirms FY guide; appoints new CFO
Sales $403M, +4% (+11% considering refranchising); system-wide SSS +5.8%.
Valvoline receives FTC Second Request for Breeze Autocare acquisition
Valvoline and Greenbriar each received a Second Request from FTC under HSR Act review.
Valvoline to acquire Breeze Autocare (Oil Changers) for ~$625M in cash
Acquires Breeze Autocare for ~$625M in cash, funded via new Term Loan B; expected close in fiscal Q3 2025.
Valvoline Q1: 11% revenue growth to $414M, adjusted EPS $0.32 (+10%), 35 stores added
Net revenues $414M, +11% YoY; system-wide store sales $820M, +14%.
Valvoline FY2024 sales $1.6B (+12%), adjusted EBITDA $443M (+17%), store count 2,010
FY2024 revenue from continuing ops $1.6B (+12%); system-wide SSS growth 6.7%.
Valvoline Q3 sales +12% to $421M, system-wide SSS +6.5%, adds 33 stores, refranchises 17
Net revenues $421.4M (+12% YoY); system-wide same-store sales grew 6.5%.
Valvoline Q2 EPS +74% on 13% revenue growth; system-wide SSS +7.7%
Revenue from continuing ops $389M (+13%); reported EPS $0.33 (+74%), adjusted EPS $0.37 (+61%).
Valvoline completes tender offer for $598.3M of 4.250% Senior Notes due 2030
Accepted $598.3M of $600M outstanding 4.250% Senior Notes due 2030, representing 99.72% of tendered notes.
Valvoline Q1 FY2024: Revenue $373M (+12%), adjusted EPS $0.29 (+81%), SSS +7.1%
Revenue $373M (+12% YoY); system-wide same-store sales +7.1%.
Valvoline Q4 EPS $0.53 (up 657%), revenue $390M (+16%); FY system-wide SSS +11.9%
Q4 adjusted EPS $0.39 (+86%), reported EPS $0.53 (+657%) on income from continuing ops of $75M.
Valvoline Q3 sales +19%, adj EPS +105%; CEO Mitchell to retire, Flees named successor
Sales from continuing ops $376.2M (+19% YoY); adjusted EPS $0.43 (+105%); system-wide SSS +12.5%.
Valvoline Q2 continuing ops sales +16%, adj EPS +64%; announces $1B Dutch auction tender offer
Completed sale of Global Products on March 1 for $2.38B net proceeds; after-tax gain of $1.15B.
Valvoline completes $2.65B sale of Global Products to Aramco; announces $1.6B buyback
Sale of Global Products to Aramco closed March 1, 2023; purchase price $2.65B cash subject to adjustments.
Valvoline Q1 sales up 16% to $332.8M; reaffirms FY adjusted EBITDA guidance
Sales from continuing operations $332.8M (+16% YoY); system-wide same-store sales +11.9%.
Valvoline reports FY2022 adjusted EPS up 9%, announces $1.6B buyback, global products sale on track
Continuing ops revenue $1.2B (+19% YoY); adjusted EBITDA $315.7M (+14%).
Valvoline Q3 net income up 2% to $99M; revenue +21% to $957M; Global Products sale for $2.65B
Net income of $99M ($0.55 EPS) up 4% YoY; adjusted EPS of $0.58 up 5%.
Sale of Global Products business to Aramco affiliate for $2.65B cash; net after-tax proceeds ~$2.25B to be used for share repurchases, debt reduction, and retail investments.
Valvoline Q2 net income up 19% to $81M; sales +26% to $886M; reaffirms FY guidance
Reported EPS $0.45 (+22% YoY); adjusted EPS $0.48 flat; adjusted EBITDA $158M (+1%).
Valvoline Q1 sales up 31% to $858M; adjusted EPS $0.48 +12%
Reported net income $87M flat; EPS $0.48 +2%; adjusted EBITDA $156M +5%.
Valvoline Q4/FY2021: EPS $2.29 (+36%), sales $3B (+27%); reiterates separation plan
FY2021 reported net income $420M (+32%), EPS $2.29; adjusted EPS $1.95 (+37%).
Valvoline to pursue separation of Retail Services and Global Products; prelim FY2021 sales $3B
Preliminary FY2021 sales of $3B (+27% YoY); adjusted EBITDA and adjusted EPS within prior guidance.
Katherine Fogertey and Scott Mezvinsky be elected to the Board, effective July 22, 2026.
Katherine Fogertey and Scott Mezvinsky be elected to the Board, effective July 22, 2026.
the Board of Directors of Valvoline has appointed J. Kevin Willis, as Chief Financial Officer of the Company, effective May 19, 2025.
Mr. Willis succeeds Mary E. Meixelsperger, who previously announced her intention to retire in October 2024.
Samuel J. Mitchell, Jr., the Company’s Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”), notified the Company’s Board on August 3, 2023 of his intention to retire as CEO and as a member of the Board, effective as of the close of business on September 30, 2023.
The Board has appointed Lori A. Flees, the Company’s President, Retail Services, to succeed Mr. Mitchell as CEO, effective October 1, 2023.
Samuel J. Mitchell, Jr., the Company’s Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”), notified the Company’s Board on August 3, 2023 of his intention to retire as CEO and as a member of the Board, effective as of the close of business on September 30, 2023.
the Board also approved the recommendation of the Governance & Nominating Committee of the Board that Ms. Flees be elected to the Board, effective October 1, 2023.
On July 11, 2023, the Board of Directors (the “ Board ”) of Valvoline Inc. (the “ Company ”) approved the recommendation of the Governance & Nominating Committee of the Board that Patrick Pacious be elected to the Board, effective July 11, 2023.
On March 1, 2023, Jamal K. Muashsher, Valvoline’s Senior Vice President and President, Global Products; Thomas A. Gerrald II, Valvoline’s Senior Vice President and Chief Supply Chain Officer; and Michael S. Ryan, Valvoline’s Chief Accounting Officer, each resigned as executive officers of Valvoline to assume roles with VGP in connection with the Transaction.
Effective March 1, 2023, the Board of Directors of Valvoline appointed Dione R. Sturgeon, age 45, as Chief Accounting Officer and Controller of Valvoline.
On March 1, 2023, Jamal K. Muashsher, Valvoline’s Senior Vice President and President, Global Products; Thomas A. Gerrald II, Valvoline’s Senior Vice President and Chief Supply Chain Officer; and Michael S. Ryan, Valvoline’s Chief Accounting Officer, each resigned as executive officers of Valvoline to assume roles with VGP in connection with the Transaction.
Max materiality 0.95 · Median 0.65 · Most common event earnings