Replacement car part maker LKQ Corp. said on Friday that it has arranged $1 billion in borrowing, replacing a $750 million line due to expire in October 2013. Get the full story »
LKQ Corp
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
LKQ Corp. president Holsten to resign in 2011
Recycled auto parts supplier LKQ Corp. announced Tuesday its current CEO Joseph Holsten will resign his position late next year, but will first serve as co-CEO for one year with Robert Wagman, the company’s current vice president of operations, to ease the transition for Wagman. Holsten, who has served as president and CEO since November 1998, will step down December 31, 2011.
After his resignation, Holsten will stay on at the company as vice chairman of the board and as a consultant for operations and corporate strategy.
LKQ Corp. tops Street; company ups earnings view
Automobile-parts recycler LKQ Corp. posted third-quarter results that beat market estimates, partly helped by a rise in its parts and services revenue, and raised its full-year 2010 adjusted earnings outlook.
LKQ, with a market value of about $3.14 billion, buys wrecked cars at auctions and salvages reusable parts like engines and doors, and distributes them to mechanical repair shops or directly to customers. Get the full story »
LKQ looking for more deals after recent acquisitions
Automobile-parts recycler LKQ Corp. said it completed seven acquisitions in the third quarter through Sept. 20, improving its distribution, and that it was continuing to see opportunities for more deals.
The acquisitions expand LKQ’s wholesale aftermarket and recycled parts distribution in a number of markets including Philadelphia and Cincinnati and its production capacity for refinishing of aluminum wheels, the company said in a statement. Get the full story »
LKQ Corp.’s second-quarter profit jumps
Automobile-parts recycler LKQ Corp. posted a 31 percent jump in quarterly profit, helped by a rise in refurbished parts sales, and raised its 2010 adjusted earnings outlook. Get the full story »
