CEO and Managing Director of LKQ Europe named along with new Senior VP and CFO. LKQ Corporation (NASDAQ:LKQ) today announced the Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe and Rick Galloway, Chief Financial Officer of LKQ’s Wholesale – North America […]
o9 Solutions and Supply Chain Insights Announce LKQ Selection by Project Zebra to Test Outside-In Supply Chain Planning Processes
o9 Solutions, an enterprise AI software platform provider for transforming planning and decision making, and research firm Supply Chain Insights jointly announced that LKQ Europe was selected to participate in a pilot program to test outside-in planning concepts by Project Zebra, an open-source think tank driving supply chain improvement. Project Zebra was co-founded by o9 […]
LKQ Reports Revenue of $3.3 Billion in Second Quarter
Wholesale North America organic revenue for parts and services was 10.7% Overall parts and services organic revenue growth was 3.8% overall and 4.2% on a per day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2022 was $3.3 billion, a decrease of 2.7% as compared to $3.4 billion in the second […]
LKQ Releases 2021 Sustainability Report
Unveils its new brand identity. LKQ Corporation (NASDAQ:LKQ) released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Company’s transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services. LKQ’s 2021 Sustainability Report, highlights key environmental, social, and governance (ESG) accomplishments. […]
LKQ Corporation Reports Revenue of $3.3 Billion in First Quarter
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the first quarter of 2022 was $3.3 billion, an increase of 5.6% as compared to $3.2 billion in the first quarter of 2021. Parts and services organic revenue increased 6.9% (5.6% on a per day basis), while the net impact of acquisitions and divestitures increased revenue by 1.7% […]
LKQ Corporation Completes Sale of PGW Auto Glass Business to One Equity Partners
Sale price was $362 million. LKQ Corporation (NASDAQ:LKQ) announced that it has completed its previously announced agreement to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners. The sale price was $362 million, subject to customary post-closing purchase price adjustments. LKQ will report the financial […]
LKQ Debt Rated Investment Grade
LKQ Corporation (NASDAQ:LKQ) today announced that S&P Global Ratings raised the Company’s issuer credit rating to an investment grade rating of BBB- from BB+. Additionally, S&P raised the Company’s issuer-level rating on its unsecured debt to BBB- from BB+. S&P’s rating outlook for LKQ Corporation is stable. “Achieving investment grade status with S&P is further […]
PartsTrader Partners with LKQ North America to Provide Data for SurePart
PartsTrader announced a partnership with LKQ North America to provide access to LKQ North America’s broad range of alternative parts and services via SurePart, PartsTrader’s new parts pricing platform for carrier-written/IA estimates. SurePart allows appraisers to write more accurate estimates by providing instant market pricing and leveraging industry-leading filtering to remove invalid parts. Rather than […]
LKQ Selling PGW Auto Glass Business to One Equity Partners
PGW had $400 million in revenue during 2021. LKQ Corporation (NASDAQ:LKQ) today announced that it has entered into a definitive agreement to sell PGW Auto Glass, a distributor of aftermarket glass to the North American automotive sector, to the private equity firm One Equity Partners (OEP). The transaction is expected to be completed during the […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.2 Billion, up 7.9% versus 2020
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions […]
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