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    LKQ Corp (LKQ)

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    LKQ Corporation is a global distributor specializing in vehicle products, including replacement parts, components, and systems for vehicle repair and maintenance, as well as specialty aftermarket products and accessories that enhance vehicle performance, functionality, and appearance . The company operates through four main segments: Wholesale - North America, Europe, Specialty, and Self Service . LKQ Corporation sells vehicle products such as replacement parts and specialty products, and offers services including warranties, self-service yard fees, and diagnostic and repair services .

    1. Europe - Offers alternative vehicle replacement and maintenance products across various European countries.
    2. Wholesale - North America - Provides alternative vehicle collision replacement products, paint, and related products, and alternative vehicle mechanical replacement products in the United States and Canada.
    3. Specialty - Distributes specialty vehicle aftermarket equipment and accessories in the U.S. and Canada.
    4. Self Service - Operates retail facilities across the U.S. that sell recycled automotive products from end-of-life vehicles.
    NamePositionExternal RolesShort Bio

    Justin L. Jude

    ExecutiveBoard

    President and CEO

    Board Member of MEKO AB

    Justin L. Jude has been with LKQ since February 2004, becoming President and CEO in July 2024. He has extensive experience in the automotive industry and strategic leadership.

    Andy Hamilton

    Executive

    Senior Vice President and President and Managing Director of LKQ Europe

    None

    Andy Hamilton joined LKQ in 2011 and has held various leadership roles, currently overseeing LKQ Europe since January 2024.

    Dominick Zarcone

    Executive

    President and CEO

    Board Member at Generac Power Systems, Inc.

    Dominick Zarcone has been with LKQ since March 2015, serving as President and CEO since May 2017. He has led significant growth and strategic initiatives, including acquisitions and sustainability efforts.

    Genevieve L. Dombrowski

    Executive

    Senior Vice President of Human Resources

    None

    Genevieve L. Dombrowski has been with LKQ since March 2021, bringing extensive HR leadership experience from Republic Services and Aramark.

    Matthew J. McKay

    Executive

    Senior Vice President, General Counsel, and Corporate Secretary

    None

    Matthew J. McKay has been with LKQ since December 2007, serving in various legal and HR roles before his current position.

    Michael S. Clark

    Executive

    Senior Vice President, Policy and Administration

    None

    Michael S. Clark joined LKQ in May 2008 and transitioned to his current role in May 2024. He previously served as Vice President - Finance and Controller.

    Rick Galloway

    Executive

    Senior Vice President and CFO

    None

    Rick Galloway joined LKQ in July 2019 and became CFO in September 2022. He has played a key role in financial performance and strategic acquisitions.

    Walter P. Hanley

    Executive

    Senior Vice President - Development

    None

    Walter P. Hanley has been with LKQ since December 2002, focusing on development and strategic growth initiatives [N/A].

    Andrew Clarke

    Board

    Board Member

    Board Member at Element Fleet Management

    Andrew Clarke joined LKQ's Board in July 2024, bringing over 20 years of experience in transportation and logistics.

    Guhan Subramanian

    Board

    Chairman of the Board of Directors

    Harvard University (Professor)

    Guhan Subramanian has been Chairman since May 2022, bringing expertise in corporate law and governance from his academic roles at Harvard.

    James S. Metcalf

    Board

    Board Member

    Board Member at Ferguson Enterprises Inc. and Gibraltar Industries, Inc.

    James S. Metcalf joined LKQ's Board in December 2024, with extensive leadership experience as a public company CEO and board member.

    John W. Mendel

    Board

    Board Member

    Board Member at TrueCar, Inc.

    John W. Mendel has been a director since approximately 2019, providing insights from his extensive automotive industry experience.

    Meg Ann Divitto

    Board

    Board Member

    Principal of Divitto Design Group, Co-Founder of The Mobility Collaboration Corp.

    Meg Ann Divitto has been a director since approximately 2018, contributing expertise in automotive technology and governance.

    Michael Powell

    Board

    Board Member

    None

    Michael Powell joined LKQ's Board in February 2025, bringing experience from his career at Progressive Corporation.

    Patrick Berard

    Board

    Board Member

    Board Member at thyssenkrupp AG

    Patrick Berard joined LKQ's Board, leveraging his experience in distribution and corporate governance.

    Sue Gove

    Board

    Board Member

    Board Member at IAA, Inc. and AutoZone Inc.

    Sue Gove joined LKQ's Board in February 2025, with a background in retail consulting and leadership roles at Bed Bath & Beyond and other companies.

    Xavier Urbain

    Board

    Board Member

    Chairman of the Board of Caldic B.V.

    Xavier Urbain joined LKQ's Board in 2020, offering expertise in supply chain management and logistics.

    1. Given the continued softness in organic revenue in North America and Specialty, and with top-line headwinds expected to linger into 2025 , can you elaborate on the specific strategies you have in place to mitigate these declines and how confident are you that these initiatives will offset the revenue pressures?
    2. You mentioned that the SKU rationalization in Europe is only 50% complete and won't be finished until early 2025, with benefits starting to show in the back half of 2025 ; considering the current economic slowdown in the U.K. and Germany , what measures are you taking to expedite this process to improve profitability sooner?
    3. With the recent sale of your Poland and Bosnia operations and indications of other potential divestitures , are there additional underperforming businesses in your portfolio, and how do these divestitures align with your long-term strategic vision for Europe?
    4. The hurricanes Helene and Milton forced significant closures of your locations in the Southeast and Florida, impacting revenue ; how have these disruptions affected your Q3 results, and what is your outlook for recovery in these regions amidst potential future climate-related challenges?
    5. In Europe, you cited increased competition and economic slowdowns in key markets like the U.K., Germany, and Benelux ; how are you positioning LKQ to navigate these headwinds, and what are your expectations for market share and profitability in these regions going forward?
    Program DetailsProgram 1
    Approval DateOctober 22, 2024
    End Date/DurationOctober 25, 2026
    Total additional amount$1,000 million
    Remaining authorization$796 million as of September 30, 2024
    DetailsThe program allows LKQ to purchase its common stock from time to time, with the amount and timing of repurchases depending on market conditions and corporate needs. The program does not obligate the company to acquire any specific number of shares and may be suspended or discontinued at any time.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2024$17Short-Term DebtNot Specified0.4% = (17 / 4,371) * 100
    2024$552Euro Notes (Repaid in 2024)3.8812.6% = (552 / 4,371) * 100
    2025$38Term Loan PayableNot Specified0.9% = (38 / 4,371) * 100
    2026$1,042Term Loan Payable6.32 / 5.9223.8% = (1,042 / 4,371) * 100
    2028$1,801Revolving Credit Facilities, U.S. Notes, Euro Notes6.33 / 5.75 / 4.1341.2% = (1,801 / 4,371) * 100
    2031$835Euro Notes4.1319.1% = (835 / 4,371) * 100
    2033$600U.S. Notes6.2513.7% = (600 / 4,371) * 100
    Various$127Notes Payable, Finance Leases, Other Debt3.34 / 5.09 / 6.382.9% = (127 / 4,371) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP1998 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Wholesale - North America (6 businesses)

    2024

    The six acquisitions completed during the nine months ended September 30, 2024 were not material to the company's financial position or results of operations, and no further deal-specific details were disclosed.

    Europe segment (2 businesses)

    2024

    Completed during the three months ended March 31, 2024, these two acquisitions were considered immaterial to LKQ’s financial metrics, with no details provided on deal value, structure, or key assets.

    Wholesale - North America (5 businesses)

    2024

    These five acquisitions, recorded as part of the Wholesale - North America segment as of June 30 and September 30, 2024, were not material to the financial results and included no specific disclosed terms or strategic assets.

    Europe segment (1 business)

    2024

    The one business acquisition in the Europe segment was completed as part of the periods ended March 31, June 30, and September 30, 2024, noted as not material to financial position or operations, without additional details provided.

    Wholesale - North America (1 business)

    2024

    Completed during the three months ended March 31, 2024, this acquisition in the Wholesale - North America segment was not material to LKQ’s financial performance and offered limited information on the transaction’s structure or strategic rationale.

    Uni-Select Inc.

    2023

    LKQ acquired Uni-Select Inc. for C$48.00 per share (totaling approximately C$2.8 billion) on August 1, 2023, to enhance its North American paint distribution and Canadian mechanical parts operations, with financing arranged through a CAD 700 million term loan and a required divestiture of GSF Car Parts.

    Wholesale - North America (1 business)

    2023

    As part of broader acquisitions during the nine months ended September 30, 2023, this single business acquisition contributed to increased inventory purchases and was included in an overall acquisition fair value of $135 million, though specific details remain limited.

    Europe segment (4 businesses)

    2023

    These four acquisitions, forming part of a group of six acquired during the nine months ended September 30, 2023, had a combined acquisition fair value of $135 million and contributed $42 million in revenue, but individual strategic or asset-related details were not provided.

    Specialty segment (1 business)

    2023

    The Specialty segment acquisition contributed $35 million in revenue and resulted in $61 million of recorded goodwill, with the transaction driving a 7.2% revenue increase over the three months ended September 30, 2023, though detailed terms and structure were not separately disclosed.

    SeaWide Marine Distribution

    2021

    Acquired in October 2021, SeaWide Marine Distribution—a nationwide distributor of electrical and electronic marine products—strengthened LKQ’s emerging marine market presence by integrating its operations into LKQ’s distribution network, achieving facility consolidation and cost savings.

    Independent car parts wholesaler in the Netherlands

    2022

    Completed in the first week of October 2022, this acquisition expanded LKQ’s footprint in the European automotive aftermarket, although the specific name and detailed transaction terms were not disclosed.

    No recent press releases or 8-K filings found for LKQ.