LKQ Corporation

EUROPE'S LEADING DISTRIBUTOR OF AUTOMOTIVE AFTERMARKET PARTS SELECTS AND GOES LIVE ON GEP'S PROCUREMENT AND SUPPLY CHAIN SOFTWARE

Retrieved on: 
Wednesday, April 5, 2023
GEP, LKQ Corporation, Intelligence, ROI, SOFTWARE, Fortune 500, LKQ, Software, Video game

CLARK, N.J., April 5, 2023 /PRNewswire/ -- GEP ®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that LKQ Europe — the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe has selected, rolled out and started using GEP SOFTWARE™ , the industry's leading procurement and supply chain platform.

Key Points: 
  • CLARK, N.J., April 5, 2023 /PRNewswire/ -- GEP ®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that LKQ Europe — the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe has selected, rolled out and started using GEP SOFTWARE™ , the industry's leading procurement and supply chain platform.
  • LKQ Europe — a subsidiary of LKQ Corporation — headquartered in Switzerland, currently employs approximately 26,000 people and has a network of 1,000 branches.
  • GEP SOFTWARE encompasses GEP SMART ™, recently named the world's best procurement software for the second year in a row, and GEP NEXXE ™, the next-generation cloud-native supply chain unified platform.
  • It enables global companies to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.

EUROPE'S LEADING DISTRIBUTOR OF AUTOMOTIVE AFTERMARKET PARTS SELECTS AND GOES LIVE ON GEP'S PROCUREMENT AND SUPPLY CHAIN SOFTWARE

Retrieved on: 
Wednesday, April 5, 2023
GEP, LKQ Corporation, Intelligence, ROI, SOFTWARE, Fortune 500, LKQ, Software, Video game

CLARK, N.J., April 5, 2023 /PRNewswire/ -- GEP ®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that LKQ Europe — the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe has selected, rolled out and started using GEP SOFTWARE™ , the industry's leading procurement and supply chain platform.

Key Points: 
  • CLARK, N.J., April 5, 2023 /PRNewswire/ -- GEP ®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced that LKQ Europe — the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe has selected, rolled out and started using GEP SOFTWARE™ , the industry's leading procurement and supply chain platform.
  • LKQ Europe — a subsidiary of LKQ Corporation — headquartered in Switzerland, currently employs approximately 26,000 people and has a network of 1,000 branches.
  • GEP SOFTWARE encompasses GEP SMART ™, recently named the world's best procurement software for the second year in a row, and GEP NEXXE ™, the next-generation cloud-native supply chain unified platform.
  • It enables global companies to drive optimum efficiency, agility, visibility and actionable intelligence into all procurement, purchasing and supply chain functions while eliminating burdensome infrastructure and support costs to achieve maximum ROI.

LKQ Corporation to Release First Quarter 2023 Results on Thursday, April 27, 2023

Retrieved on: 
Wednesday, March 22, 2023
LKQ Corporation, Webcast, LKQ, Cryptocurrency

CHICAGO, March 22, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2023 financial results on Thursday, April 27, 2023.

Key Points: 
  • CHICAGO, March 22, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2023 financial results on Thursday, April 27, 2023.
  • LKQ will host a conference call and webcast on April 27, 2023 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results.
  • To access the investor conference call, please dial (888) 330-3494. International access to the call may be obtained by dialing (646) 960-0860.
  • The investor conference call will require you to enter conference ID: 5232422#.

LKQ Corporation Enters Into Definitive Agreement to Acquire Uni-Select Inc.

Retrieved on: 
Monday, February 27, 2023
Stikeman Elliott, Select or special committee (United States Congress), Wells Fargo, Telephone, Latham & Watkins, TSX, ID, Transaction, Committee, TD, Model Business Corporation Act, Hand, Investment Canada Act, Wachtell, Lipton, Rosen & Katz, Bank of America, Acquisition, BofA Securities, Webcast, Dollar Thrifty Automotive Group, EPS, Bank, Paint, Growth, LKQ, Central Time, RBC Capital Markets, SEDAR, UNS, Linklaters, LKQ Corporation, Arrangement, TD Securities, US, Security (finance), Plastics, Management

We look forward to welcoming Uni-Select’s employees to the LKQ team.

Key Points: 
  • We look forward to welcoming Uni-Select’s employees to the LKQ team.
  • LKQ expects the Transaction to be accretive to its Adjusted EPS in the first year following closing.
  • LKQ intends to fund the Transaction through a combination of cash on hand and new debt.
  • A copy of the Arrangement Agreement will be publicly filed by LKQ at www.sec.gov and Uni-Select under its profile at www.sedar.com.

LKQ Corporation Announces Results for Fourth Quarter and Full Year 2022

Retrieved on: 
Thursday, February 23, 2023
EBITDA, LKQ Corporation, Share repurchase, LKQ, Senior, Wholesaling, Video game, Cryptocurrency

Revenue for the fourth quarter of 2022 was $3.0 billion, a decrease of 5.8% as compared to $3.2 billion in the fourth quarter of 2021.

Key Points: 
  • Revenue for the fourth quarter of 2022 was $3.0 billion, a decrease of 5.8% as compared to $3.2 billion in the fourth quarter of 2021.
  • Other revenue fell 20.1% in the fourth quarter of 2022 primarily due to weaker commodity prices relative to the same period in 2021.
  • Net income2 for the fourth quarter of 2022 was $193 million as compared to $235 million for the same period in 2021.
  • During the fourth quarter of 2022, the Company invested $152 million to repurchase 3.0 million shares of its common stock.

LKQ Corporation to Release Fourth Quarter and Full Year 2022 Results on Thursday, February 23, 2023

Retrieved on: 
Tuesday, January 10, 2023
LKQ Corporation, Webcast, LKQ

CHICAGO, Jan. 10, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023.

Key Points: 
  • CHICAGO, Jan. 10, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023.
  • LKQ will host a conference call and webcast on February 23, 2023 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results.
  • To access the investor conference call, please dial (888) 330-3494. International access to the call may be obtained by dialing (646) 960-0860.
  • The investor conference call will require you to enter conference ID: 5232422#.

The Worldwide Automotive Repair and Service Industry is Estimated to Reach $1.6 Billion by 2031 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 7, 2022
Aftermarket, Automotive, Consumer, Other Retail, General Automotive, Alternative Vehicles, Fuels, Specialty, Vehicle Technology, Automotive Manufacturing, Manufacturing, Retail, Other Automotive, Other Consumer, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Fleet Management, Porter's five forces analysis, Tuffy Auto Service Centers, Propulsion, LKQ Corporation, Service, Sale, Government, Original equipment manufacturer, Growth, Car dealership

According to this report the automotive repair and service market was valued at $789.80 billion in 2021, and is estimated to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Key Points: 
  • According to this report the automotive repair and service market was valued at $789.80 billion in 2021, and is estimated to reach $1,656.21 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
  • The report incorporates the study of the global automotive repair and service market that focuses on the automotive aftermarket services provided to automotive repair shops and end users.
  • Automotive repair and service include fixing an unexpected problem, ranging from rebuilding transmissions to replacing shocks.
  • The current automotive repair and service market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.

LKQ Corporation Announces 2nd Annual ‘LKQ Cares Holiday Vote” Charitable Program

Retrieved on: 
Tuesday, November 29, 2022
LKQ, Human, Organization, LKQ Corporation, OEM, Car

I am proud to kick off our second annual LKQ Cares Holiday Vote program that engages all of our stakeholders globally and gives them a voice in determining how LKQ charitable donations are allocated, said Dominick Zarcone, President and Chief Executive Officer.

Key Points: 
  • I am proud to kick off our second annual LKQ Cares Holiday Vote program that engages all of our stakeholders globally and gives them a voice in determining how LKQ charitable donations are allocated, said Dominick Zarcone, President and Chief Executive Officer.
  • At LKQ, we are proud to support national and international charitable organizations who help our communities throughout the world as part of our broader community engagement efforts.
  • As part of this program, each of the ten organizations will receive an initial $50,000 donation, with the allocation of the remaining $500,000 in funds to be determined based on votes from LKQ employees, customers, investors, and other stakeholders.
  • To participate in the LKQ Cares Holiday Vote program and submit your vote, please visit: https://forms.office.com/r/ncNXEhAig1
    LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

o9 Solutions and Supply Chain Insights With LKQ Europe Reveal Significant Supply Chain Planning Improvements Following the First-Ever Pilot to Test Outside-In Planning

Retrieved on: 
Monday, November 21, 2022
Technology, Transport, Professional Services, Software, Data Analytics, Logistics, Supply Chain Management, Retail, Supply Chain Management, Artificial Intelligence, LKQ Corporation, Software, Elit, FVA, Algorithm, Machine learning, Recycling, Data lake, Research, Supply, Learning, Stock, LKQ, Euro Car Parts, Graph, Retail, Risk management

o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .

Key Points: 
  • o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .
  • Co-founded by o9 and Supply Chain Insights, Project Zebra is an open-source industry effort to define and activate outside-in processes to prove the value of outside-in supply chain planning processes.
  • LKQ Europe also captured significant insights by measuring the impact of the bullwhip effect as part of the Project Zebra pilot program.
  • Congratulations to LKQ Europe for its work as a supply chain innovator, said Lora Cecere, Founder of Supply Chain Insights.

Trintech Celebrates the 10-Year Anniversary of Cadency(R) by Trintech

Retrieved on: 
Thursday, November 10, 2022
Universe, Defense Finance and Accounting Service, LKQ Corporation, Disclosure, Superhero, Marvel, Risk, Organization, EDHEC Business School, SOX, BSC, Marvel Cinematic Universe, Efficiency, UPCS, Solution, Compliance, Journal entry, CFO, Accounting, Automation, CEO, Book, Boston Scientific, CFOS, Cadency, Avenger, Report, Serco

Since then, Trintech has been laser-focused on continuing to help the Superheroes of Finance and Accounting defeat manual work by standardizing, streamlining, and automating their financial close processes.

Key Points: 
  • Since then, Trintech has been laser-focused on continuing to help the Superheroes of Finance and Accounting defeat manual work by standardizing, streamlining, and automating their financial close processes.
  • "The Office of the CFO has evolved considerably over the last ten years, with CFOs serving as key superheroes within their organizations.
  • "The last three years have asked even more from the Office of Finance, as the pandemic introduced new challenges and increased expectations to conquer.
  • To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.