Tag Archives: LKQ

FTC Report Cites Safelite Comments

Safelite, LKQ and others were among the companies highlighted by the Federal Trade Commission in its report to Congress last week as being critical of certain OEM practices of automobile manufacturers. The FTC report listed several ways in which manufacturers … 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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Auto Glass Related Companies Make Fortune 500 Listing

Fortune 500 magazine ranked the biggest American companies in its June/July 2020 issue, a few of which are related to the auto glass and insurance industries. Several were in the top 100: Ford Motor landed the 12th spot earning $155,900 … 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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First Quarter Results Out for LKQ

LKQ Corporation (LKQ), parent company of PGW Auto Glass, reported several decreases in its first quarter in 2020, according to its latest financial report. The company’s first quarter revenue went down by 3.2%, to the tune of $3 billion. Net … Continue reading

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LKQ Corporation Completes Sale of Two Czech Distributors

LKQ Corporation (LKQ), the parent company of PGW Auto Glass, recently announced that it has closed its agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. The terms of the transaction … 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 Corporation Agrees to Sell Two Czech Distributors

LKQ Corporation announced the execution of a definitive agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. The terms of the transaction were not disclosed. In May 2018, the European Commission … 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 Issues Statement on 13D Filing

LKQ Corporation Issues Statement on 13D Filing.

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LKQ Announces European Management Succession

Today LKQ Corporation announced that John S. Quinn, executive vice president and CEO of LKQ Europe, submitted his notice of retirement and Arnd Franz, LKQ Europe chief operating officer, will succeed Quinn effective October 1, 2019. “I am highly confident … Continue reading

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LKQ Corporation Reports Expected Earnings for Second Quarter

LKQ Corporation (LKQ), parent company of PGW Auto Glass, had a successful second quarter, according to the company’s latest financial results released today. The company reported a 7.2% or $3.25 billion increase in its revenue. This is compared to its … Continue reading

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Cleararc Capital Inc. Acquires New Stake in LKQ Co.

Cleararc Capital Inc. acquired 7,620 shares of LKQ Co. (LKQ) during its first quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired approximately $216,000 in LKQ’s shares. Other institutional investors have also added … 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 Corporation Reports Expected Earnings for First Quarter

LKQ Corporation (LKQ), parent company of PGW Auto Glass, had a first quarter that was right on par with its expectations, according to the company’s latest financial results released today. LKQ reported a 14% or $3.1 billion increase in its … Continue reading

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LKQ Corporation Reports Growth for Fourth Quarter and Year

LKQ Corporation, parent company of PGW Auto Glass, saw growth in its fourth quarter in 2018 and the year as a whole, according to its latest financial results. The company’s revenue increased by 22 percent, which is an increase of … Continue reading

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PGW Auto Glass Acquires Sigma Distributing

PGW Auto Glass, an LKQ company, has acquired Sigma Distributing Companies, an independent wholesaler that provides auto glass, exhaust and automotive supplies, effective October 16. Sigma Distributing was founded in Wichita, Kan., in 1984, and his since expanded throughout the … Continue reading

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LKQ Corporation Appoints New Chief Financial Officer

LKQ Corporation has appointed Varun Laroyia as executive vice president and chief financial officer (CFO), effective October 1, 2017. Laroyia brings extensive financial experience to LKQ, including a background with global public companies in corporate finance, operations management, systems, and … Continue reading

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Industry Firms Make Forbes’ World’s Biggest Public Companies List

Forbes recently released its 2017 Global 2000 list of the world’s biggest public companies. The list features several firms within the automotive glass industry, including Saint-Gobain and Fuyao Glass. In the report, a company’s sales, profit, assets and market value … Continue reading

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LKQ Corp. Reports Strong Second Quarter Revenue Growth

LKQ Corporation, former owner of Pittsburgh Glass Works (PGW), had a strong second quarter, bringing in $2.46 billion in revenue—an increase of 6.7 percent compared to 2016’s $2.30 billion second quarter earnings. This is according to the company’s latest financial … Continue reading

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LKQ Corporation Reports 21.9 Percent Revenue Growth in First Quarter

LKQ Corporation reported record revenue growth of $2.34 billion in its financial results for the first quarter of 2017. This is an increase of 21.9 percent, in contrast to the first quarter of 2016, where the company made $1.92 billion. … Continue reading

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LKQ Corporation Finalizes Sale of PGW to Vitro, S.A.B

LKQ Corporation’s sale of PGW’s OEM glass manufacturing business to Vitro, S.A.B has been completed for the agreed price of $310 million. “This divestiture, and the retention of the PGW aftermarket glass distribution business, reflects LKQ’s ongoing commitment to being a … Continue reading

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LKQ Corp. Reports 19.3% Revenue Growth

LKQ Corp. has released the results for its financial performance in the fourth quarter and full year of 2016. Net income in the fourth quarter has decreased 9.2% with $86.6 million in contrast to 2015 where the company made $95.1 … Continue reading

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LKQ Revamps 2016 Financial Guidance Based on PGW, Rhiag Acquisitions

Thanks to the acquisitions of Pittsburgh Glass Works (PGW) and Rhiag, a Pan-European business-to-business distributor of aftermarket spare vehicle parts, LKQ Corp. has pushed its 2016 guidance to higher figures for three out of four financial metrics. This is according to the company’s first-quarter financial report released today.

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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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