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Share this article Share this article LEXINGTON, Ky., April 28, 2021 /PRNewswire/ Valvoline Inc. (NYSE: VVV), a leading supplier of premium branded lubricants and automotive services, today reported financial results for its second fiscal quarter ended March 31, 2021. All comparisons in this press release are made to the same prior-year period unless otherwise noted. We continue to see healthy demand and loyalty to our brand from consumers and customers, said Sam Mitchell, CEO of Valvoline. Quick Lubes had record 20% system-wide same-store sales growth and improved margins for the quarter, and International saw robust volume, top-line and earnings growth. Core North America generated top-line growth and continued to provide significant operating cash flow. This strong cash generation is a key component of our strategic transformation to a more service-driven company by funding our growth initiatives in Quick Lubes and International. ....
Valvoline Reports Second-Quarter Results, Raises Fiscal 2021 Guidance 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.
Priti Ramgarhia- April 20, 2021, 10:35 AM EDT SHARE ON: The volatility in the market remains elevated as the pace of economic recovery remains uncertain. Amid the uncertainty, TipRanks brings you the latest analyst action on some of your favorite stocks to help you navigate the volatility with ease. Let’s look into the top bullish and bearish calls of the day and see what top analysts are recommending. Upgrades Wells Fargo analyst Timur Braziler upgraded Western Alliance ( WAL) to Buy from Hold and increased the price target to $120 from $100. Following management’s guidance during the 1Q conference call, Braziler decided to “no longer sit on the sidelines” and wait for a better entry point. According to the analyst, despite the uncertain operating environment, Western Alliance has exhibited its ability to outperform its industry peers. Furthermore, given the current 3x TBV valuation, though the upside has been ....
Operator Ladies and gentlemen, thank you for standing by, and welcome to the Valvoline Inc. First Quarter 2021 Earnings Conference Call. [Operator Instructions] I would now like to hand today s conference over to your speaker, Sean Cornett, Head of Investor Relations. Thank you. Please go ahead. Sean T. Cornett Director, Investor Relations Thanks, Stephanie. Good morning, and welcome to Valvoline s first quarter fiscal 2021 conference call and webcast. Valvoline released results for the quarter ended December 31, 2020, at approximately 5:00 p.m. Eastern Time yesterday, February 3, and this presentation and remarks should be viewed in conjunction with that earnings release, a copy of which is available on our Investor Relations website at investors.valvoline.com. These results are preliminary until we file our Form 10-Q with the Securities and Exchange Commission. A copy of the press release has been furnished to the SEC on a Form 8-K. With me on the call tod ....