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Valvoline (VVV) Unveils 24th VIOC Service Center in Ohio

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Valvoline Inc. (VVV - Free Report) recently opened the 24th Valvoline Instant Oil Change (VIOC) quick-lube service center in the greater Columbus area. The move further expands the company’s existing network of more than 1,150 franchised- and owned VIOC stores. The company’s latest VIOC store is located in Plain City, OH.

The VIOC service stores enable customers to stay in the cars, while its qualified technicians provide services. These centers offer a number of preventive maintenance services, relating to radiator, air conditioning and transmission. Additionally, most locations offer battery and fuel-system services to customers.

Prior to this, in September, Valvoline unveiled VIOC service centers in Draper, UT; Houston, TX; Lewis Center, OH; Uniondale, NYC; Ridge, TN; and Coraopolis, PA.

Also, on Sep 17, 2018, Valvoline unveiled a Valvoline Express Care center in Kingsville, Ontario.

Lexington, KY-based Valvoline is a renowned manufacturer and retailer of automotive and engine maintenance services and products. The company is poised to grow on the back of solid segmental performance and efficient capital-deployment moves.

Notably, Valvoline is trying to expand its industry-popular quick-lube model. The company is able to provide quick and reliable services to its customers via this model, through a convenient approach.Per our estimates, Valvoline’s year-over-year earnings and revenue growth for fiscal 2019 (ending September 2019) is currently pegged at 15% and 5.6%, respectively. Notably, the company’s earnings per share are predicted to be up 11.6% in the next three to five years.

Ashland Global Holdings Inc. (ASH - Free Report) , Quaker Chemical Corporation (KWR - Free Report) and W.R. Grace & Co. (GRA - Free Report) are some companies operating in the same industry in which Valvoline is grouped.

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