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GlobeNewswire·

LKQ Corporation Announces Preliminary Third Quarter 2026 Results and Leadership and Operational Actions

LKQ
  • Salvatore A. Abbate appointed President & Chief Executive Officer effective December 15, 2026, succeeding departing CEO Justin Jude.
  • Interim leadership continuity established via an Office of the Chief Executive Officer led by Chairman John Mendel & Audit Committee Chair Sue Gove.
  • Andy Hamilton departed his role as President & Managing Director of LKQ Europe.
  • Alvarez & Marsal retained to advise on European operations with a focus on customer service, operational stability, & cost discipline.
  • Preliminary Q3 2026 revenue of $3.32 billion reflects a 5.4% decline in parts & services organic revenue.
  • Company reports a preliminary net loss of $16 million to $32 million, including $111 million in non-cash impairment charges.
  • Europe segment experienced a 9.8% organic revenue decline & an EBITDA margin of 4.1% to 5.1%, compared to 10.0% in Q3 2025.
  • Performance issues in Europe attributed to ERP implementation disruptions in Germany & volume declines in the UK & Benelux.
  • North America performed in line with expectations despite softer market conditions, while Specialty was modestly below expectations.
  • LKQ withdrew its full-year 2026 guidance due to European underperformance & the upcoming leadership transition.
  • Adjusted diluted EPS for Q3 2026 projected between $0.47 & $0.53, compared to $0.84 in the prior year period.
  • Final Q3 2026 results & conference call scheduled for October 29, 2026.