Quarterly ResultAug 5, 2026, 04:30 PM
Valvoline Q3 Net Rev $544.6M; Acquires Breeze Autocare for $637.4M
AI Summary
Valvoline reported strong third-quarter 2026 results, with net revenues increasing to $544.6 million and net income reaching $64.5 million. The company completed the strategic acquisition of Breeze Autocare for $637.4 million, significantly expanding its service center network by 204 stores. This quarter also saw the divestment of 45 Breeze stores due to regulatory requirements, resulting in a pre-tax loss of $57.9 million.
Key Highlights
- Acquired Breeze Autocare for $637.4M, adding 204 service centers.
- Divested 45 Breeze stores for $32.1M, incurring $57.9M pre-tax loss.
- Q3 2026 net revenues grew 24.1% to $544.6M YoY.
- Q3 2026 net income increased 14.2% to $64.5M YoY.
- Q3 2026 diluted EPS was $0.51, up 15.9% YoY.
- Total debt rose to $1,602.0M from $1,074.0M as of June 30, 2026.
- Operating cash flow for nine months was $284.6M.
- Acquired 21 additional service centers for $19.7M.
Price Impact
More from VVV