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Valvoline realigns its business segments, announces a $300 million share repurchase authorization and hosts an investor call on May 19
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LEXINGTON, Ky., May 18, 2021 /PRNewswire/ Valvoline Inc. (NYSE: VVV), a leading provider of automotive services and premium branded lubricants, today announced the realignment of its global operations, including updated business segments, a new approach for allocating indirect expenses and for reporting last-in-first-out (LIFO) inventory accounting adjustments. Valvoline will host a call tomorrow, May 19, at 9 am ET to discuss these changes, including recast fiscal 2021 guidance, as well as enhancements to its capital allocation framework and growth projections through 2024 for the business and its realigned segments.
Valvoline realigns its business segments, announces a $300 million share repurchase authorization and hosts an investor call on May 19 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.