Welcome to our dedicated page for Lkq news (Ticker: LKQ), a resource for investors and traders seeking the latest updates and insights on Lkq stock.
LKQ Corporation (Nasdaq: LKQ) is a distributor of alternative, aftermarket and recycled parts used to repair and accessorize automobiles and other vehicles, with operations in North America, Europe and Taiwan. The LKQ news feed on Stock Titan aggregates company-issued press releases and other coverage so readers can follow how LKQ’s strategy, portfolio and capital structure evolve over time.
Recent news has highlighted LKQ’s multi-year effort to simplify its business portfolio and focus on core, non-discretionary segments. The company announced and then completed the sale of its Self Service segment, known as "Pick Your Part," to an affiliate of Pacific Avenue Capital Partners, LLC, and now reports that segment as discontinued operations. LKQ has also disclosed that it is exploring a potential sale of its Specialty segment, which it describes as a distributor of automotive, RV and marine parts and accessories in North America.
Investors tracking LKQ news can expect updates on quarterly financial results and outlook, strategic divestitures, capital allocation decisions such as share repurchases and dividends, and changes in board leadership and governance. The company regularly issues press releases in connection with its earnings, providing commentary on revenue trends, margins, cash flow and its transformation plan.
LKQ’s news flow also includes sustainability and operational initiatives, such as its partnership to install a large-scale rooftop solar power system at logistics centers in Germany under a long-term power purchase agreement, which the company links to its greenhouse gas emissions reduction strategy and circular economy practices. For anyone researching LKQ stock (LKQ), this news page offers a centralized view of the company’s public announcements, from strategic transactions to investor conference appearances.
LKQ (Nasdaq: LKQ) is set to release its second quarter 2024 financial results on Thursday, July 25, 2024. The company will host a conference call and webcast at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) to discuss the results with senior management. Investors can access the call by dialing (833) 470-1428 or (404) 975-4839 for international calls, using conference ID: 893094.
Both the audio webcast and the slide presentation will be available in the Investor Relations section of the company's website. A replay of the call will also be accessible by phone at (866) 813-9403 or (929) 458-6194 for international calls, requiring the conference ID: 131497. The online replay will be available until August 9, 2024.
LKQ (Nasdaq: LKQ) announced a new two-year collective bargaining agreement with the trade union Verdi, covering approximately 5,000 employees in Germany, including 730 at the Sulzbach-Rosenberg distribution center. The agreement, which expires on April 30, 2026, includes a mandatory peace obligation ending all strike activity throughout its duration. Andy Hamilton, President and Executive Managing Director of LKQ Europe, highlighted the benefits for employees, including a collectively agreed increase, inflation compensation, and enhanced trainee salaries. The agreement provides certainty for both employees and the business while recognizing employees' hard work and contribution.
LKQ (Nasdaq: LKQ) has published its 2023 Global Sustainability Report, highlighting major achievements in sustainability and outlining its three-pillar strategy: delivering sustainable outcomes, people-led performance, and strong governance. Key milestones include processing 766,000 vehicles, recycling over 62,000 metric tons of scrap steel, reducing Scope 1 and 2 greenhouse gas emissions by 11.8% from the 2021 baseline, and achieving a 74 engagement score in employee surveys. The report also notes a 19.5% female representation in its workforce and $4 million in charitable donations. The goal is to create long-term value for all stakeholders.
LKQ has signed an agreement to sell Elit Polska in Poland to MEKO AB, a leading spare parts distributor in northern Europe. The deal is expected to close in the second half of 2024, pending regulatory approvals. Elit Polska generated $107 million in revenue in 2023.
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