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 […]
U.S. International Trade Commission Launches Investigation into Aftermarket Lamps Patent Infringement
Following complaints from Hyundai and Kia, the Commission launches two Section 337 investigations into aftermarket lamps that vehicle manufacturers say violate their patents The U.S. International Trade Commission (USITC) has voted to institute two Section 337 investigations into aftermarket replacement automotive lamps. The investigations are based on complaints filed by Kia Corporation, of Seoul, Republic […]
LKQ’s Terry Fortner to Retire at End of July
Terry Fortner, Vice President of Sales & Marketing for North America, at LKQ Corporation plans to retire this summer. Fortner joined LKQ in 2009 to lead its insurance and collision repair industry relations, quality assurance and government affairs. He joined LKQ following a 32-year career at Nationwide Insurance. In a message to customers, Justin Jude, […]
Collision Repair Education Foundation Asks for Your Vote to Support School Programs through LKQ Cares Holiday Fundraiser
Up to $400,000 in financial support available to 10 participating charities. The Collision Repair Education Foundation (CREF) is asking for the industry’s support with the launch today of the inaugural LKQ Cares Holiday Vote on Giving Tuesday. The program provides a chance for ten charities to compete for the biggest share of $400,000. CREF will […]
Over 250 Firefighters Trained through LKQ Partnership with Northeastern Illinois Public Safety Training Academy
LKQ Corporation celebrated its three-year partnership with the Northeastern Illinois Public Safety Training Academy (NIPSTA). Since the program began in 2018, LKQ has given access to its facilities across the State of Illinois for NIPSTA to provide technical rescue training to over 250 firefighters. LKQ facilities assisted Illinois Fire Marshalls throughout the Chicagoland area and […]
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