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LKQ Corporation Completes the Sale of its Self Service Segment
Globenewswire· 2025-10-01 14:36
Core Points - LKQ Corporation has completed the sale of its Self Service segment, "Pick Your Part," to an affiliate of Pacific Avenue Capital Partners for an enterprise value of $410 million, subject to customary purchase price adjustments [1][2] - The CEO of LKQ stated that the sale aligns with the company's strategic priorities to simplify its business portfolio and reduce costs while aiming to expand margins as market conditions improve [2] - Proceeds from the transaction will be utilized to strengthen LKQ's balance sheet through debt repayment, supporting the company's disciplined capital allocation strategy [2] - Following the sale, LKQ will report the Self Service segment as discontinued operations in its consolidated financial statements starting with the third quarter 2025 earnings release scheduled for October 30, 2025 [2] Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for the repair and accessorization of automobiles and other vehicles, with operations in North America, Europe, and Taiwan [4] - The company offers a wide range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services for various types of vehicles [4] Advisory Information - Jefferies LLC acted as the financial advisor and Wachtell, Lipton, Rosen & Katz served as the legal advisor to LKQ in connection with the transaction [3]
LKQ Corporation to Release Third Quarter 2025 Results on Thursday, October 30, 2025
Globenewswire· 2025-09-25 14:00
Core Viewpoint - LKQ Corporation is set to release its third quarter 2025 financial results on October 30, 2025, and will host a conference call to discuss these results with senior management [1]. Group 1: Financial Results Announcement - LKQ Corporation will announce its third quarter 2025 financial results on October 30, 2025 [1]. - The conference call to discuss the results will take place at 8:00 a.m. Eastern Time [2]. - The call can be accessed by dialing (833) 470-1428 for domestic calls and (404) 975-4839 for international calls, with a conference ID of 810538 required [2]. Group 2: Webcast and Replay Information - An audio webcast and accompanying slide presentation will be available on LKQ's Investor Relations section of their website [3]. - A replay of the conference call will be accessible by telephone and online, with the telephone replay requiring conference ID 158780 [4]. - Both replay formats will be available until November 6, 2025 [4]. Group 3: Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for automobiles and other vehicles, with operations in North America, Europe, and Taiwan [5]. - The company offers a wide range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services for various types of vehicles [5].
LKQ Corporation to Release Second Quarter 2025 Results on Thursday, July 24, 2025
Globenewswire· 2025-06-26 14:00
Core Points - LKQ Corporation will release its second quarter 2025 financial results on July 24, 2025 [1] - A conference call and webcast will be held on the same day at 8:00 a.m. Eastern Time to discuss the results [2] - The company provides a range of alternative and specialty parts for automobiles and has operations in North America, Europe, and Taiwan [5] Conference Call Details - The conference call can be accessed by dialing (833) 470-1428 for domestic calls and (404) 975-4839 for international calls, with a conference ID of 409932 [2] - A replay of the conference call will be available by telephone and online, accessible through July 31, 2025 [4] Company Overview - LKQ Corporation is a leading provider of OE recycled and aftermarket parts, offering services to repair and accessorize various types of vehicles [5]
LKQ Corporation and SYNETIQ, an IAA Company Announce Strategic European Joint Venture
Globenewswire· 2025-06-24 12:00
Core Insights - LKQ Corporation has formed a joint venture with SYNETIQ Ltd. to enhance its vehicle recycled parts strategy in Europe [1][2] - The joint venture, named LKQ SYNETIQ, aims to leverage LKQ's distribution capabilities and SYNETIQ's dismantling and recycling expertise to meet future EU regulations [2][4] - The collaboration is expected to provide sustainable and affordable parts for automotive repair, particularly for hybrid and electric vehicles [4] Company Overview - LKQ Corporation is a leading provider of alternative and specialty parts for automobiles, with operations in North America, Europe, and Taiwan [5] - The company offers a wide range of OE recycled and aftermarket parts, components, and services for various types of vehicles [5] Joint Venture Details - LKQ SYNETIQ will combine LKQ's logistics network with SYNETIQ's dismantling capabilities, which include dismantling approximately 27,000 vehicles annually across four UK sites [2][3] - The joint venture will be led by key executives from both companies, including Michael Hill from SYNETIQ and Annick Jourdenais from LKQ Europe [3] Strategic Goals - The partnership aims to maximize the environmental and financial potential of vehicles while supporting the UK's salvage community [4] - LKQ plans to continue acquiring salvage vehicles and recycled parts from various sources to enhance availability for consumers [4]
LKQ Publishes 2024 Global Sustainability Report
GlobeNewswire News Room· 2025-05-28 12:35
Core Insights - LKQ Corporation released its 2024 Sustainability Report, highlighting its commitment to driving success as a leading operator while supporting the global circular economy [1][2] - The company emphasizes a three-pillar strategy focused on sustainable solutions, people-led performance, and strong governance to manage risks and capitalize on opportunities [2][3] Company Achievements - In 2024, LKQ processed 735,000 vehicles and sold nearly 12 million salvaged parts, contributing significantly to the circular economy [5] - The company reduced Scope 1 and Scope 2 greenhouse gas emissions by 16% relative to revenue compared to a 2022 baseline, achieved through renewable energy use and energy efficiency upgrades [5] - LKQ donated over $4 million through its Community Foundation to various charitable causes, enhancing its community engagement and stakeholder relationships [5]