Earnings ·
LKQ reports Q3 loss of $24M, suspends strategic review and withdraws full-year guidance
LKQLkq Corp
LKQ Corporation reported a third-quarter net loss of $24 million, or a diluted loss per share of $(0.09), compared to net income of $178 million in the prior year period. Revenue declined 5.1% to $3.3 billion, driven by operational issues in Europe and volume declines in the UK and Benelux. The company also announced that its Board has suspended the previously announced strategic review, including the Specialty segment sales process, to allow a new leadership team to assess value-creation pathways. Additionally, LKQ withdrew its full-year 2026 guidance. The firm is a leading provider of alternative and specialty parts for vehicle repair and accessorizing.