总部位于美国肯塔基州列克星敦的汽车预防性维护领导者 Valvoline Inc. 宣布其董事会已批准一项总额为 4 亿美元的股票回购计划。Valvoline 总裁兼首席执行官 Lori Flees 表示,这一战略举措证明了 Valvoline 对其增长战略的信心以及产生强大自由现金流的能力。
股票回购计划体现了公司对严谨的资本配置策略的承诺,包括扩大业务运营、在目标范围内降低杠杆率以及向股东返还超额现金流。普通股回购将根据市场状况和其他因素由公司自行决定执行。交易可能在公开市场或私下协商的交易中进行,授权没有到期日。
Valvoline 继续通过专注于核心业务优势、加速网络增长和创新来满足客户需求,从而提升股东价值。Valvoline 在北美拥有约 1,900 个服务中心,保持了持续增长,在 2023 财年提供了约 2700 万次服务,创造了 14 亿美元的收入。该公司以其快速、高效和值得信赖的服务而闻名,包括 15 分钟换油和其他汽车维护解决方案。
截至 2024 年 8 月,Valvoline 拥有约 1.298 亿股流通股。该股票在纽约证券交易所交易,股票代码为 VVV。Valvoline 的股票在过去一年中上涨了约 22.53%。股价约为 45.95 美元。该公司的市值约为 59 亿美元。
2022 年,Valvoline 将其全球产品业务(包括润滑油部门)出售给沙特阿美。此次出售以 26.5 亿美元现金协议完成。此次交易旨在让 Valvoline 专注于其零售服务业务,而沙特阿美则将 Valvoline 的润滑油业务整合到其全球投资组合中,利用其基础油生产能力并加强其在润滑油市场的地位。
Valvoline announces USD400 million share repurchase authorisation
Valvoline Inc., a leader in automotive preventive maintenance based in Lexington, Kentucky, U.S.A., has announced that its board of directors has authorised a share repurchase program totaling USD400 million. This strategic move is a testament to Valvoline’s confidence in its growth strategy and ability to generate strong free cash flow, according to Lori Flees, president and CEO of Valvoline.
The share repurchase plan reflects the company’s commitment to a disciplined capital allocation strategy, which includes expanding its business operations, reducing leverage within the target range, and returning excess cash flow to shareholders. The repurchase of common stock will be executed at the company’s discretion, depending on market conditions and other factors. Transactions may occur in open markets or privately negotiated deals, and the authorisation has no expiration date.
Valvoline continues to enhance shareholder value by focusing on its core business strengths, accelerating network growth, and innovating to meet customer needs. With approximately 1,900 service centres across North America, Valvoline has maintained consistent growth, delivering about 27 million services in fiscal 2023 and generating USD1.4 billion in revenue. The company is celebrated for its quick, efficient, and trusted services, including 15-minute oil changes and other automotive maintenance solutions.
As of August 2024, Valvoline has approximately 129.8 million outstanding shares. The shares are traded on the New York Stock Exchange under the ticker symbol VVV. Valvoline’s stock has seen a positive change of about 22.53% over the past year. The share price is around USD45.95. The company’s market cap is approximately USD5.9 billion.
Valvoline sold its global products business, which includes its lubricants division, to Saudi Aramco in 2022. The sale was finalised with an agreement valued at USD2.65 billion in cash. The transaction aimed to allow Valvoline to focus on its retail services business, while Aramco integrated Valvoline’s lubricants operations into its global portfolio, leveraging its base oils production capabilities and strengthening its position in the lubricants market.