Valvoline continued on course for a very strong year after reporting growth across all channels for the quarter ended June 30, 2014, the third quarter of its 2014 fiscal year. Overall sales increased 4 percent versus prior year to $532 million. Valvoline's EBITDA rose 15 percent, to $99 million, and EBITDA as a percent of sales was 18.6 percent, an increase of 180 basis points versus the year-ago quarter. The international channel reported 10 percent volume growth, with particular strength in Europe and Latin America. Same-store sales at company-owned Valvoline Instant Oil ChangeSM stores grew more than 3 percent year-over-year, driven by increased oil changes per day, higher average ticket price and higher premium-brand sales. The Do-It-Yourself (DIY) channel delivered year-over-year revenue growth behind a strong summer promotion schedule. The installer channel reported 8 percent volume growth as a result of improvements in sales and marketing execution.

Fuchs Petrolub AG last Friday reported lower first half year profit, despite higher sales. The company's first-half earnings after tax declined 2 percent to 105 million euros from last year's 108 million euros. At 151 million euros, earnings before interest and tax or EBIT fell 1.7 percent from the previous year. Sales revenues increased 1 percent to 919.3 million euros from 910.3 million euros last year, despite negative currency translation effects. Organic growth in sales revenues was just under 5 percent as it actively pursued its growth strategy. In Europe, sales grew 2.5 percent to 561.0 million euros, and revenues from Asia-Pacific, Africa region edged up 0.9 percent to 246.1 million euros. Meanwhile, North and South America recorded a 1.1 percent drop in revenues to 153.3 million euros.