總部位于美國(guó)肯塔基州列克星敦的汽車預(yù)防性維護(hù)領(lǐng)導(dǎo)者 Valvoline Inc. 宣布其董事會(huì)已批準(zhǔn)一項(xiàng)總額為 4 億美元的股票回購計(jì)劃。Valvoline 總裁兼首席執(zhí)行官 Lori Flees 表示,這一戰(zhàn)略舉措證明了 Valvoline 對(duì)其增長(zhǎng)戰(zhàn)略的信心以及產(chǎn)生強(qiáng)大自由現(xiàn)金流的能力。
股票回購計(jì)劃體現(xiàn)了公司對(duì)嚴(yán)謹(jǐn)?shù)馁Y本配置策略的承諾,包括擴(kuò)大業(yè)務(wù)運(yùn)營(yíng)、在目標(biāo)范圍內(nèi)降低杠桿率以及向股東返還超額現(xiàn)金流。普通股回購將根據(jù)市場(chǎng)狀況和其他因素由公司自行決定執(zhí)行。交易可能在公開市場(chǎng)或私下協(xié)商的交易中進(jìn)行,授權(quán)沒有到期日。
Valvoline 繼續(xù)通過專注于核心業(yè)務(wù)優(yōu)勢(shì)、加速網(wǎng)絡(luò)增長(zhǎng)和創(chuàng)新來滿足客戶需求,從而提升股東價(jià)值。Valvoline 在北美擁有約 1,900 個(gè)服務(wù)中心,保持了持續(xù)增長(zhǎng),在 2023 財(cái)年提供了約 2700 萬次服務(wù),創(chuàng)造了 14 億美元的收入。該公司以其快速、高效和值得信賴的服務(wù)而聞名,包括 15 分鐘換油和其他汽車維護(hù)解決方案。
截至 2024 年 8 月,Valvoline 擁有約 1.298 億股流通股。該股票在紐約證券交易所交易,股票代碼為 VVV。Valvoline 的股票在過去一年中上漲了約 22.53%。股價(jià)約為 45.95 美元。該公司的市值約為 59 億美元。
2022 年,Valvoline 將其全球產(chǎn)品業(yè)務(wù)(包括潤(rùn)滑油部門)出售給沙特阿美。此次出售以 26.5 億美元現(xiàn)金協(xié)議完成。此次交易旨在讓 Valvoline 專注于其零售服務(wù)業(yè)務(wù),而沙特阿美則將 Valvoline 的潤(rùn)滑油業(yè)務(wù)整合到其全球投資組合中,利用其基礎(chǔ)油生產(chǎn)能力并加強(qiáng)其在潤(rùn)滑油市場(chǎng)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.