VALVOLINE INC. DL-,01

Valvoline has issued $600 million of senior notes due 2034 with a 6.125% coupon; the deal size was increased from the originally planned $500 million. The unsecured bonds are guaranteed by subsidiaries and are intended to fully repay the first‑lien secured term‑loan A facility and to partially repay the term‑loan B facility. The transaction is expected to close on August 24, 2026; the company also plans to increase and extend its revolving credit facility to $600 million. » More on de.investing.com

Valvoline reported Q3 fiscal 2026 sales up 24% to $545 million, adjusted EBITDA up 25% to $162 million and adjusted EPS of $0.57, with system-wide same-store sales growth of 8% and a network exceeding 2,400 locations. Management said constrained Group III base-oil supply has driven finished lubricant costs sharply higher and implemented pricing actions, but expects roughly 300–400 basis points of EBITDA margin compression in Q4. The company raised its full-year same-store-sales and sales guidance to $2.05–$2.1 billion while maintaining adjusted EBITDA guidance of $550–$560 million and adjusted EPS of $1.70–$1.75, and plans continued focus on leverage reduction and restarting buybacks. » More on finance.yahoo.com

Valvoline reported adjusted Q3 earnings of $0.57 per share and revenue of $544.6 million, beating Wall Street expectations. The company raised its same-store revenue forecast for the full year but warned that gross margins are likely to compress by 300–400 basis points in Q4 due to higher lubricant costs. Systemwide store sales rose 19% and the network grew by a net 47 locations; the stock fell 5.4% in premarket trading on the negative margin outlook. » More on de.investing.com