PR Newswire
LEXINGTON, Ky., July 30, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that its board of directors authorized the Company to repurchase up to $400 million of its common stock.
"This new share repurchase authorization reflects the confidence in our strategy and ability to generate strong free cash flow," said Lori Flees, President and CEO of Valvoline. "We remain committed to a disciplined capital allocation framework to grow the business, lower leverage within target range, and then return excess free cash flow to shareholders."
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