Tag Archives: LKQ Corp.

LKQ Posts Positive Financials for Fourth Quarter and Full Year; Poised for Growth

LKQ Corp. reported fourth-quarter and full-year 2020 results today showing some revenue decreases, but the company is still positive despite the “headwinds faced throughout 2020.” In fact, some of the gains posted were company records. LKQ reports that it was … Continue reading

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LKQ Corporation Third Quarter Financials Out

LKQ Corporation (LKQ), parent company of PGW Auto Glass, reported a decrease in its revenue in the third quarter, which ended September 30, 2020. According to the financial report, which was released today, the company’s revenue is $3.0 billion; a … Continue reading

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LKQ Corporation to Host 2020 Virtual Investor Day

LKQ Corporation (LKQ), parent company of PGW Auto Glass, announced it will host a virtual investor day on Thursday, September 10, 2020 at 9:30 a.m. Eastern time. According to the company, there will be presentations by members of its executive … Continue reading

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LKQ Corporation Names New Board of Directors Member

LKQ Corporation (LKQ) today announced it appointed Jacob H. Welch of ValueAct Capital to its board of directors, effective August 12, 2020. “We are delighted to welcome Jake to LKQ’s board. Jake’s investment management track record and public market experience … Continue reading

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LKQ Corporation Second Quarter Results Report Improved Revenue Trends and Debt Reduction

LKQ Corporation released its second quarter 2020 revenue of $2.6 billion today which is down 19.1% year-over-year, according to the company. Other results include a net income of $119 million (down 21.2%), an adjusted net income of $161 million (down … Continue reading

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LKQ Corporation Announces Second Quarter 2020 Business Update

LKQ Corporation (LKQ), parent company of PGW Auto Glass, announced an update on its second quarter 2020 operating performance through May, as well as an amendment to its Senior Secured Credit Facility. LKQ stated the coronavirus’s effect through May 2020 … Continue reading

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LKQ Corp. Hires New Federal Government Affairs VP

LKQ Corporation (LKQ) announced it has hired Tyler Threadgill as its federal government affairs vice president. Threadgill will join LKQ’s Washington, D.C., office and assist in growing the company’s government affairs presence. LKQ is a distributor of alternative and specialty … Continue reading

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LKQ Corp. Appoints Xavier Urbain to Board of Directors

LKQ Corporation (LKQ) announced today that it has appointed Xavier Urbain to its board of directors. Urbain’s appointment became effective December 9, 2019. Urbain previously served as the group CEO of Switzerland-based CEVA Logistics until May 2019. CEVA Logistics runs … Continue reading

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LKQ Grew Its Revenue by $3.15 Billion in Q3

LKQ Corporation (LKQ), parent company of PGW Auto Glass, reported a $3.15 billion revenue growth in the third quarter growth in the company’s latest financial results. The company reported $3.15 billion for its revenue which represents a 0.8% increase, compared … Continue reading

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LKQ Corporation Announces Continued Board Refreshment

LKQ Corporation (LKQ) announced it has appointed Patrick Berard to its board of directors effective yesterday, as part of the board’s ongoing refreshment process. Berard is the CEO of Paris-based Rexel Group. LKQ also announced that A. Clinton Allen and … Continue reading

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LKQ Corporation Gets New Senior Vice President of Government & Regulatory Affairs

LKQ Corporation announced it has hired Ian P. Musselman as its senior vice president of government and regulatory affairs. Musselman will open LKQ’s Washington, D.C. office and help establish a federal government affairs presence, as well as oversee existing government … Continue reading

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LKQ Europe Announces New Chief Operating Officer

LKQ Corporation recently announced on or about April 1, 2019, Arnd Franz will join LKQ Europe as its COO. He will report directly to LKQ Europe’s CEO and managing director, John Quinn. “The expansion of our European leadership team reflects … Continue reading

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LKQ Corporation Records High Earnings for Second Quarter

LKQ Corporation, parent company of PGW Auto Glass, had an outstanding second quarter, according to its latest financial results released today. The company reported record revenue growth with an increase of 23.3 percent, which is an increase of 3.03 billion … Continue reading

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LKQ Corp. Revenue Increases 16 Percent

LKQ Corp., parent company of PGW Auto Glass, reports that revenue grew 16.1 percent to 2.72 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was 3.7% and acquisition revenue growth was … Continue reading

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Hawaii Representative Pushes for Consumer Choice of OEM Parts for Repairs

Hawaii Representative Roy Takumi is pushing to pass a bill that would allow the state’s residents the choice of using OEM parts instead of aftermarket ones. If passed, the bill aims to prohibit insurers from charging policyholders extra fees associated … Continue reading

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PGW Auto Glass Acquires Wholesale Division of Mark’s Mobile Glass

PGW Auto Glass, an LKQ company, has acquired the wholesale division of Missouri-based Mark’s Mobile Glass for an undisclosed amount. According to a notice sent by Mark’s Mobile Wholesale Glass division, the acquisition was to allow its wholesale customers to … Continue reading

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LKQ Corporation Announces Agreement to Acquire Stahlgruber GmbH

LKQ Corporation has signed a definitive agreement to acquire Stahlgruber GmbH (Stahlgruber) from Stahlgruber Otto Gruber AG for an enterprise value of approximately $1.7 billion USD (1.5 billion EUR). Headquartered in Germany, Stahlgruber is a European wholesale distributor of aftermarket … Continue reading

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LKQ Corporation to Acquire Aftermarket Business of Warn Industries Inc.

LKQ Corporation, parent company of PGW Auto Glass, announced that its Specialty Segment, Keystone Automotive Operations Inc. (Keystone), has agreed to acquire the aftermarket business of Warn Industries Inc., a designer, manufacturer and marketer of high performance vehicle equipment and … Continue reading

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Vitro, LKQ Reach Agreement on Pittsburgh Glass Works

Mexico’s Vitro, S.A.B. de C.V. North American glass producer, announced today that it has reached an agreement to acquire Pittsburgh Glass Works LLC (“PGW”) automotive Original Equipment Manufacturer (OEM) glass business from LKQ Corporation for a total consideration of about $310 million USD.

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LKQ Corp. to Acquire Equity Interest in Mekonomen Group

LKQ Corp. announced November 28 that it has entered into an agreement to acquire an equity interest in Mekonomen AB from Axel Johnson AB.

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PGW Reports Strong Second Quarter Revenue

Pittsburgh Glass Works (PGW) had a strong second quarter, bringing in $210 million in revenue, Nick Zarcone, LKQ Corp.’s chief financial officer, said during a conference call today. LKQ finalized its acquisition of PGW in April of this year.

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LKQ Corp. Joins S&P 500 Index

LKQ Corp., parent company to Pittsburgh Glass Works, announced the company is now listed on the S&P 500 Index. This became effective at the close of trading on May 20, 2016.

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LKQ Corp. Finalizes Acquisition of PGW

LKQ Corp. has completed its acquisition of Pittsburgh Glass Works (PGW) from private equity firm Kohlberg & Co. LLC and PPG Industries Inc. for an enterprise value of $635 million.

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TODAY’S BLOG: The Intersection of Collision Body Shops and Glass

“When airbags deploy in a crash, chances are good the glass is damaged. The collision repair and AGRR industries’ relationship goes back for decades. However, in recent years, it appears these ties have become stronger.” —Jenna Reed

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LKQ President: ‘We Will Consolidate Some Locations into Our Warehouses’

“Pittsburgh Glass Works (PGW) has 119 locations. A lot of those will be consolidated into LKQ warehouses or vice versa. We’ll combine our distribution,” said Rob Wagman, LKQ Corp. president and CEO during an investor day in New York City on Tuesday.

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LKQ Corp. CEO Discusses PGW Acquisition

Pittsburgh Glass Works (PGW) is No. 1 in OEM glass manufacturing with 20 global customers and No. 2 in aftermarket glass, serving more than 7,000 customers, says Rob Wagman, president and CEO of LKQ Corp., when discussing his company’s planned acquisition of PGW today.

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LKQ Corp. to Acquire Pittsburgh Glass Works

LKQ Corp. has signed an agreement to acquire Pittsburgh Glass Works (PGW) from private equity firm Kohlberg & Co. LLC and PPG Industries Inc. for an enterprise value of $635 million.

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LKQ Corp. Agrees to Acquire Keystone Automotive Operations

LKQ Corp. has signed an agreement to acquire Keystone Automotive Operations Inc., a distributor and marketer of specialty aftermarket equipment and accessories in North America, for $450 million. The transaction is expected to be completed in the first quarter of 2014 and is subject to customary closing conditions and necessary regulatory approvals.

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