LKQ Corporation Announces Preliminary Third Quarter 2026 Results and Leadership and Operational Actions
LKQ announced preliminary Q3 2026 results well below prior year, with revenue of $3.32 billion versus $3.50 billion a year ago and a preliminary net loss of $16-32 million including $111 million of non-cash impairments. Europe drove the shortfall, with parts and services organic revenue down 9.8% amid ERP disruptions in Germany and volume declines in the UK and Benelux; North America performed in line with expectations. CEO Justin Jude departed immediately, with Salvatore Abbate appointed President and CEO effective December 15, 2026, and an interim Office of the CEO installed; LKQ Europe chief Andy Hamilton also departed.
Key figures
- Eps
- -$0.06 to -$0.12 (GAAP diluted, preliminary); $0.47-$0.53 adjusted
- Revenue
- 3320000000
- Guidance
- full-year 2026 guidance withdrawn
- Impairment charges
- 111000000
- Prior year revenue
- 3500000000
- Europe ebitda margin
- 4.1%-5.1% vs 10.0% prior year
- Prior year net income
- 178000000
- Organic revenue decline
- -5.4% parts and services
- Prior year adjusted eps
- 0.84
- Europe organic revenue decline
- -9.8%
AI analysis
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