LKQ CORP (LKQ) Form 8-K — Oct 23, 2026
$LKQForm 8-KItems 2.02, 5.02, 7.01, 9.01Filed Oct 23, 2026, 8:06 AM ET0001065696-26-000047Original filing
LKQ announced that CEO Justin Jude ceased serving and resigned from the Board effective October 23, 2026, with Salvatore Abbate (former Veritiv CEO) appointed President and CEO effective December 15, 2026, and an interim Office of the CEO established in the gap. LKQ Europe President Andy Hamilton also departed, and Alvarez & Marsal was retained to advise on European operations, with initial focus on customer service levels, operational stabilization, and cost discipline.
Key figures
- Eps
- -$0.06 to -$0.12 (diluted loss per share, preliminary)
- Revenue
- 3320000000
- Guidance
- Full-year 2026 guidance withdrawn (previously updated July 30, 2026)
- Net Income
- -$16M to -$32M (net loss, preliminary)
- Revenue Yoy
- -5.2% vs $3.50B in Q3 2025
- Abbate base salary
- 1340000
- Impairment charges
- $111M non-cash impairments ($88M goodwill, $23M net assets held for sale)
- Abbate annual psu target
- 8000000
- Abbate sign on rsu value
- 12000000
- Abbate sign on cash award
- 3300000
- Adjusted diluted eps q3 2025
- $0.84
- Adjusted diluted eps q3 2026
- $0.47 to $0.53
- Europe segment ebitda margin
- 4.1%-5.1% vs 10.0% prior year
- Europe organic revenue decline
- -9.8%
- Parts services organic revenue decline
- -5.4%
AI analysis
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