LKQ Corporation Announces Preliminary Third Quarter 2026 Results and Leadership and Operational Actions
Globe Newswire•23/10/2026•08:02 ET
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Key Highlights
- ➤Revenue $3.32 billion, down from $3.50 billion year over year
- ➤Adjusted diluted EPS $0.47-$0.53, down from $0.84
- ➤Europe organic revenue declined 9.8%; segment EBITDA margin fell to 4.1%-5.1%
- ➤LKQ withdrew full-year 2026 guidance after European underperformance
- ➤Salvatore A. Abbate appointed CEO effective December 15, succeeding departing Justin Jude
Expert Statements
John Mendel, Chairman of the Board, LKQ Corporation
“LKQ’s performance, particularly in Europe, has fallen significantly short of the Board’s expectations, and the Board is taking decisive action to address it.”
John Mendel, Chairman of the Board, LKQ Corporation
“We have strong conviction in LKQ’s business and its potential to create significant value for shareholders.”
John Mendel, Chairman of the Board, LKQ Corporation
“Sal is a proven operator with a track record of driving performance in complex distribution businesses, and A&M brings deep experience in operational improvement.”
John Mendel, Chairman of the Board, LKQ Corporation
“Together with LKQ’s talented teams, we are focused on improving execution and delivering improved results for our stakeholders.”
Salvatore A. Abbate appointed President and Chief Executive Officer
Third quarter results reflect significant underperformance in Europe
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