LKQ

LKQ Corporation to Release First Quarter 2024 Results on Tuesday, April 23, 2024

Retrieved on: 
Tuesday, March 19, 2024
International, Webcast, ID, LKQ Corporation, LKQ

CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2024 financial results on Tuesday, April 23, 2024.

Key Points: 
  • CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2024 financial results on Tuesday, April 23, 2024.
  • LKQ will host a conference call and webcast on April 23, 2024 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 (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839.
  • The investor conference call will require you to enter conference ID: 568620.

LKQ Corporation Announces Pricing of €750,000,000 Senior Notes

Retrieved on: 
Wednesday, February 28, 2024
Prospectus, LKQ Corporation, EDGAR, Sale, Communication, Wells Fargo, HSBC Continental Europe, LKQ, Bank of America, MUFG, HSBC, BNP Paribas, UniCredit, Security (finance)

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands (“LKQ Finance”) announced today that it has priced an offering by LKQ Finance of €750,000,000 aggregate principal amount of 4.125% senior notes due 2031 (the “notes”).

Key Points: 
  • CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands (“LKQ Finance”) announced today that it has priced an offering by LKQ Finance of €750,000,000 aggregate principal amount of 4.125% senior notes due 2031 (the “notes”).
  • The offering is expected to close on or about March 13, 2024, subject to the satisfaction of customary closing conditions.
  • The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company’s U.S. subsidiaries (the “guarantees”).
  • LKQ Finance intends to use the net proceeds from the offering of the notes, together with cash on hand, to (i) pay outstanding indebtedness, including the redemption of all of the outstanding €500,000,000 aggregate principal amount of the 3.875% senior notes due 2024 issued by the Company’s indirect wholly-owned subsidiary, LKQ Italia Bondco di LKQ Italia Bondco GP S.r.l e C.S.A.P.A.

LKQ Corporation Announces Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Thursday, February 22, 2024
Senior, LKQ Corporation, Sale, Segment, LKQ

Fourth quarter 2023 diluted EPS2 of $0.69; adjusted diluted EPS1,2 of $0.84

Key Points: 
  • Fourth quarter 2023 diluted EPS2 of $0.69; adjusted diluted EPS1,2 of $0.84
    Annual diluted EPS2 of $3.51; adjusted diluted EPS1,2 of $3.83
    Annual operating cash flow of $1.4 billion; free cash flow1 of $1.0 billion
    CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today reported fourth quarter and full year 2023 financial results.
  • Revenue for the fourth quarter of 2023 was $3.5 billion, an increase of 16.6% compared to $3.0 billion for the fourth quarter of 2022.
  • Net income2 for the fourth quarter of 2023 was $184 million compared to $193 million for the same period of 2022.
  • During the fourth quarter of 2023, the Company invested $30 million to repurchase 0.7 million shares of its common stock.

LKQ Corporation to Release Fourth Quarter and Full Year 2023 Results on Thursday, February 22, 2024

Retrieved on: 
Tuesday, January 16, 2024
LKQ, International, ID, LKQ Corporation, Webcast

CHICAGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024.

Key Points: 
  • CHICAGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024.
  • LKQ will host a conference call and webcast on February 22, 2024 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 (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839.
  • The investor conference call will require you to enter conference ID: 672153.

Infosys: Resilient performance in a seasonally weak quarter; Large deal momentum continues with 71% net new deals

Retrieved on: 
Thursday, January 11, 2024
Constellation, Cloud, Metaverse, Senior, Service, IDC, Machine learning, Digital, Artificial intelligence, Bank, ThyssenKrupp, Commerce, SMC, Spirit AeroSystems, Ecosystem, Spotlight Group, HFS, Environment, Infosys, Bank of Commerce, TKE, LKQ, Q3, Customer, FCF, Yoy, Growth

BENGALURU, India, Jan. 11, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,663 million in Q3 revenues with year-on-year and sequential decline of 1.0% in constant currency. Large deal TCV for the quarter was $3.2 billion, with 71% being net new. Operating margin for the quarter was 20.5%, a sequential decline of 70 bps. Attrition declined further to 12.9%. FY24 revenue guidance revised to 1.5%-2.0% and operating margin guidance at 20%-22%.

Key Points: 
  • "Cash generation remained robust with FCF to net profit conversion for Q3 at 90.6%," he added.
  • Infosys entered into a collaboration with smart Europe GmbH for five years to bring sustainable electric mobility to customers.
  • Dirk Adelmann, Chief Executive Officer, smart Europe GmbH, said, "We are pleased to have Infosys as our partner on this journey.
  • Infosys announced a strategic long-term collaboration with TK Elevator (TKE) to help consolidate, harmonize, and modernize their digital landscape.

Infosys: Resilient performance in a seasonally weak quarter; Large deal momentum continues with 71% net new deals

Retrieved on: 
Thursday, January 11, 2024
Constellation, Cloud, Metaverse, Senior, Service, IDC, Machine learning, Digital, Artificial intelligence, Bank, ThyssenKrupp, Commerce, SMC, Spirit AeroSystems, Ecosystem, Spotlight Group, HFS, Environment, Infosys, Bank of Commerce, TKE, LKQ, Q3, Customer, FCF, Yoy, Growth

BENGALURU, India, Jan. 11, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,663 million in Q3 revenues with year-on-year and sequential decline of 1.0% in constant currency. Large deal TCV for the quarter was $3.2 billion, with 71% being net new. Operating margin for the quarter was 20.5%, a sequential decline of 70 bps. Attrition declined further to 12.9%. FY24 revenue guidance revised to 1.5%-2.0% and operating margin guidance at 20%-22%.

Key Points: 
  • "Cash generation remained robust with FCF to net profit conversion for Q3 at 90.6%," he added.
  • Infosys entered into a collaboration with smart Europe GmbH for five years to bring sustainable electric mobility to customers.
  • Dirk Adelmann, Chief Executive Officer, smart Europe GmbH, said, "We are pleased to have Infosys as our partner on this journey.
  • Infosys announced a strategic long-term collaboration with TK Elevator (TKE) to help consolidate, harmonize, and modernize their digital landscape.

LKQ Corporation Announces New Leadership Appointments

Retrieved on: 
Monday, December 4, 2023
Culture, Wholesaling, LKQ, LKQ Corporation, Growth, Pan-European, Senior, Management

Today, the Company is announcing two additional leadership appointments.

Key Points: 
  • Today, the Company is announcing two additional leadership appointments.
  • First, the Company’s Board of Directors (the “Board”) has appointed John Meyne, currently the East Division Vice President of LKQ’s Wholesale – North America segment, to serve as Senior Vice President of LKQ and President of Wholesale – North America effective January 1, 2024.
  • Mr. Jude stated, “John has been instrumental in the success of our Wholesale  – North American business growth and profit transformation.
  • “The ability to fill both these key segment leadership roles with internal candidates both demonstrates the depth and breadth of our leadership team and helps to ensure a seamless transition.”

LKQ Corporation Announces 3rd Annual ‘LKQ Cares Holiday Vote’ Charitable Program

Retrieved on: 
Tuesday, November 28, 2023
QR, LKQ, Organization

“I am proud to announce our third annual ‘LKQ Cares Holiday Vote’ program that engages all of our stakeholders globally and gives them an opportunity to provide direction to our charitable efforts,” said Dominick Zarcone, President and Chief Executive Officer.

Key Points: 
  • “I am proud to announce our third annual ‘LKQ Cares Holiday Vote’ program that engages all of our stakeholders globally and gives them an opportunity to provide direction to our charitable efforts,” said Dominick Zarcone, President and Chief Executive Officer.
  • “At LKQ, we are proud to support charitable organizations who help our communities where we live and operate.
  • The Company expects all donations to be paid before year end.
  • To participate in the LKQ Cares Holiday Vote program and submit your vote, please visit https://forms.office.com/r/s6y64kGpPp or use the QR code below:

LKQ Corporation Announces Executive Leadership Succession Plan

Retrieved on: 
Monday, November 27, 2023
LKQ, Shareholder, LKQ Corporation, Senior, Management

CHICAGO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that Dominick Zarcone, the Company’s current President and Chief Executive Officer, has informed the Company’s Board of Directors (the “Board”) of his intention to retire from his role effective June 30, 2024.

Key Points: 
  • CHICAGO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that Dominick Zarcone, the Company’s current President and Chief Executive Officer, has informed the Company’s Board of Directors (the “Board”) of his intention to retire from his role effective June 30, 2024.
  • Mr. Zarcone commented, “It has been an absolute honor to serve LKQ over the past nine years as we have expanded and strengthened our global businesses and leadership teams.
  • Our success is the product of the tireless efforts of our greatest asset – the 51,000 team members who make LKQ truly special.
  • Justin’s almost 20 years of service to LKQ has been marked by outstanding performance, excellent leadership, and sound judgment,” added Mr. Subramanian.

Infosys to Harmonize the Systems of LKQ Europe

Retrieved on: 
Thursday, December 21, 2023
Growth, LKQ, Customer, INFY, EVP, ERP, Renewable energy

BENGALURU, India, Dec. 21, 2023 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a 5-year collaboration with LKQ Europe, one of the leading distributors of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe. Following multiple strategic acquisitions, LKQ has envisioned a corporate program that entails harmonizing business processes, improving product availability, and enabling faster delivery to end customers. Under this collaboration, Infosys will assist to integrate and standardize disparate business processes and systems, to enable synergies and achieve economies of scale.

Key Points: 
  • Under this collaboration, Infosys will assist to integrate and standardize disparate business processes and systems, to enable synergies and achieve economies of scale.
  • LKQ Europe will leverage Infosys' industry expertise in automotive and distribution solutions and implement systems with robust capabilities to drive sustainable productivity and to support their long-term business objectives.
  • Varun Laroyia, Chief Executive Officer, LKQ Europe, said, "At LKQ, we are constantly enhancing our market leading position.
  • Jasmeet Singh, EVP & Global Head of Manufacturing, Infosys, said, "We are thrilled to collaborate with LKQ Europe and enable them in their transformative journey.