VALVOLINE INC

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.

Valvoline Inc. reported strong third-quarter results for fiscal 2026, with sales increasing 24% to $545 million and adjusted EPS growing 21% to $0.57. System-wide same-store sales rose 8.0%, and the company added 47 net stores. Valvoline also narrowed and raised its full-year fiscal 2026 guidance for system-wide same-store sales, net revenues, adjusted EBITDA, and adjusted EPS, reflecting confidence in its business performance.

Valvoline Inc. announced the election of Katherine Fogertey and Scott Mezvinsky to its Board of Directors, effective July 22, 2026. Ms. Fogertey, former CFO of Shake Shack, will join the Audit Committee, while Mr. Mezvinsky, CEO of KFC Division of Yum! Brands, will serve on the Governance & Nominating Committee. Both will receive standard non-employee director compensation, including a $100,000 annual cash retainer and $135,000 in annual equity, with pro-rated RSU awards valued at $70,644 granted.

Valvoline Inc. entered into Amendment No. 1 to its Second Amended and Restated Credit Agreement, refinancing its existing Term B Loans. The amendment converts Initial Term B Loans into new Refinanced Term B Loans, maintaining an aggregate principal amount of $738,150,000. The Refinanced Term B Loans will bear interest at adjusted term SOFR plus 1.75% or base rate plus 0.75%, with quarterly amortization and a maturity date seven years after December 1, 2025.

Valvoline Inc. completed the acquisition of Breeze Autocare for $637.4 million, significantly expanding its service center network by 204 stores. This strategic move was funded by a new $740.0 million Term Loan B, leading to a substantial increase in the company's total debt. Following the acquisition, Valvoline divested 45 stores as required by the FTC, resulting in a pre-tax loss of $57.9 million. For the second fiscal quarter, net revenues from continuing operations increased by 25% to $503.8 million, and net income from continuing operations grew by 18% to $45.3 million. However, net income for the six-month period saw a significant decline, primarily due to the non-recurring loss from the divestiture and acquisition-related costs.

Valvoline Inc. reported strong second-quarter financial results for the period ended March 31, 2026, with sales growing 25% to $504 million and adjusted EBITDA increasing 28% to $134 million. The company also delivered system-wide same-store sales growth of 8.2%. Reflecting this momentum, Valvoline updated its full-year fiscal 2026 guidance, raising its outlook for system-wide SSS growth, adjusted EBITDA, and adjusted EPS.