Valvoline Inc

Workday has been named a Leader in the inaugural 2026 Gartner Magic Quadrant for Workforce Management Technology, the company announced. Workday's workforce management suite brings time tracking, absence management, scheduling, and labor optimization together within Workday Human Capital Management, giving frontline leaders one system to manage labor costs, compliance, schedules, and time. The suite includes agentic capabilities powered by Sana, Workday's agentic experience, including a Workforce Management Agent that automates schedule changes, time tracking, shift swaps, and demand-based staffing; early-adoption customers saw up to a 90% reduction in time spent managing shift schedule changes, a 65% improvement in process automation on average, and a 75% reduction in manual time entry errors. Automotive services retailer Valvoline cut the time managers spend generating weekly schedules from more than two hours to about 15 minutes, while health and fitness company Life Time reached 95% mobile app adoption after rolling out Workday Scheduling, saving managers over 50,000 hours each year and realizing $1 million in annual labor savings and a 50% reduction in overtime costs. The Gartner report, by Sam Grinter, Ranadip Chandra, Kelsie Marian, and Anand Chouksey, was published on 14 September 2026.

Broyhill Asset Management named Valvoline Inc. as a leading performance contributor in its second-quarter 2026 investor letter, reporting the stock gained 18% after also leading the first quarter. The Charlotte-based firm said Valvoline's comparable sales grew 8.2% against consensus near 5.4%, adjusted EBITDA grew 28%, and guidance was raised across comparable sales, EBITDA, and earnings. The company added 31 stores and now operates 2,409 stores, with ticket sales driving roughly two-thirds of the gain. Broyhill's Equity Composite gained 8.8% in the second quarter, trailing the MSCI All Country World Index's 15.1% and the MSCI ACWI Value Index's 10.8%, while for the first half the Composite returned 2.3% versus 11.5% for the Index. Valvoline closed at $30.37 per share on September 14, 2026, down 9.69% over the past month and 25.33% over the past 52 weeks, with a market capitalization of $3.87 billion.

Valvoline Inc. announced the commencement of an offering of $500,000,000 aggregate principal amount of Senior Notes due 2034. The offering is part of a leverage-neutral coordinated refinancing transaction intended to strengthen Valvoline's debt maturity profile and enhance liquidity. Valvoline intends to use the net proceeds, together with cash and cash equivalents on hand, to repay in full its senior secured term loan A facility and partially repay its senior secured term loan B facility and to pay related fees and expenses. Concurrently, Valvoline intends to amend its existing revolving credit facility to increase availability from $475 million to $600 million, reduce pricing, and extend maturity to five years after the amendment effective date. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

Valvoline reported third-quarter fiscal 2026 results with system-wide store sales increasing 19%, crossing the $1 billion mark for the first time in a quarter. System-wide same-store sales grew 8%, with ticket contributing more than three-quarters of the comp, driven by net pricing, premiumization, and non-oil-change revenue penetration. Net sales rose 24% to $545 million, EBITDA increased 25% to $162 million, and EPS grew 21% to $0.57 per share. The company raised its full-year system-wide same-store sales outlook to 7.5% to 8% and narrowed adjusted EBITDA guidance to $550 million to $560 million and EPS to $1.70 to $1.75. Management cited constrained supply of Group III base oil due to the Strait of Hormuz closure, expecting finished lubricant costs to rise approximately 60% from March levels, or $5 to $7 per oil change, while noting Valvoline's scale and supplier relationship provide reliable product access.