LKQ publishes third-quarter 2026 earnings call transcript
LKQ•LKQ reported third-quarter revenue down 5.1% to approximately $3.3 billion and adjusted diluted earnings per share of $0.50, versus $0.84 a year earlier. Management suspended full-year guidance and its strategic review as it addressed leadership changes and European operating problems.
1. Results and guidance
LKQ's third-quarter 2026 earnings call featured Chairman John Mendel, CFO Rick Galloway and investor relations vice president Joseph P. Boutross. Revenue fell 5.1% to approximately $3.3 billion, while adjusted diluted earnings per share declined to $0.50 from $0.84 a year earlier. Management suspended full-year guidance amid leadership changes and European operating problems, saying previous forecasts should no longer be relied upon.
2. Review and Europe
The board suspended its strategic review, including the sale process for Specialty, so incoming CEO Sal Abbate can assess options starting December 15. European organic revenue dropped 9.8%, and German ERP disruptions reduced EBITDA by approximately $43 million. LKQ engaged Alvarez & Marsal to stabilize operations.
