LKQ · 10-Q · 2026Q3

LKQ CORP

Filed 2026-10-29 · Consumer · View original filing on EDGAR

Everything LKQ's SEC filings said, ranked

Ranked Events

• Income Tax Rate ChangesImportance 59 · Surprise 82
  The effective tax rate for the third quarter of 2026 was 691.7%, compared with 20.0% in the prior-year quarter, largely because the $84 million nondeductible portion of Specialty’s goodwill impairment reduced pretax…
• Operating Cash Flow TrendsImportance 58 · Surprise 56
  Net cash provided by operating activities fell to $466 million for the nine months ended September 30, 2026, from $733 million in the same 2025 period, a decline of approximately 36%. Receivables caused $26 million of…
• Europe ERP TransformationImportance 57 · Surprise 50
  LKQ continued its phased rollout of a common Enterprise Resource Planning (ERP) system across Europe and completed the Germany implementation in April 2026. The filing links operational challenges resulting from the…
• Revenue Performance and MixImportance 43 · Surprise 32
  Third-quarter 2026 total revenue declined $180 million, or 5.1%, to $3.319 billion, while parts and services revenue fell $192 million, or 5.6%, to $3.222 billion. The nine-month total revenue decline was $143 million,…
• Liquidity and Cash PositionImportance 42 · Surprise 14
  Total liquidity was $1,658 million at September 30, 2026, against $39 million of current maturities, and the company also reported $319 million of cash and cash equivalents, including $287 million held by foreign…
• Geographic Revenue ShiftImportance 42 · Surprise 40
  Europe parts and services revenue fell 10.2% in the third quarter and 4.7% for the first nine months of 2026. Germany’s ERP implementation caused lower volumes, while the U.K. and Benelux also had volume declines;…
• Strategic Portfolio ReviewImportance 38 · Surprise 60
  On October 29, 2026, LKQ’s Board suspended the previously announced strategic review, including the sales process for the Specialty segment. The new leadership team will conduct a comprehensive assessment of the…
• Capital Return ProgramImportance 35 · Surprise 48
  For the nine months ended September 30, 2026, cash dividends paid were $230 million and share repurchases were $83 million. In the same 2025 period, dividends were $234 million and share repurchases were $119 million,…
• Restructuring ChargesImportance 34 · Surprise 42
  Restructuring and transaction-related expenses increased $38 million in the first nine months of 2026. The increase primarily reflected $37 million of additional costs for the Strategic Restructuring and Transformation…
• Gross Margin DriversImportance 31 · Surprise 32
  Consolidated cost of goods sold rose to 62.8% of revenue in the third quarter of 2026 from 61.7% a year earlier, reducing gross margin to 37.2% from 38.3%. For the first nine months, cost of goods sold increased to…
• Strategic InitiativesImportance 29 · Surprise 30
  LKQ plans to pursue growth through internal development of distribution centers, processing and sales facilities, and warehouses. It also intends to further integrate its facilities and pursue selected business…
• Specialty Product DemandImportance 25 · Surprise 32
  Specialty parts and services revenue rose 1.9% in the third quarter, with organic growth of 0.9% driven primarily by volume growth in recreational vehicle and marine product lines. Those gains were partially offset by…
• Competition and Market ShareImportance 25 · Surprise 24
  LKQ reported heightened competition in certain European markets as a factor in lower organic parts and services revenue for the first nine months of 2026. In North America, increased competition contributed to lower…
• Operating Expense TrendsImportance 25 · Surprise 32
  Consolidated SG&A increased $78 million, or 2.7%, to $2.943 billion for the first nine months of 2026, and rose to 28.9% of revenue from 27.7%. Europe SG&A increased $45 million, including a $51 million unfavorable…
• Capital Expenditures and Cash FlowImportance 23 · Surprise 22
  Net cash used in investing activities increased to $168 million for the nine months ended September 30, 2026, from $144 million in the comparable 2025 period, a rise of approximately 17%. Property, plant and equipment…
• Supply Chain and InventoryImportance 19 · Surprise 6
  Inventory procurement is LKQ’s largest operating use of funds. The company generally pays for aftermarket products on standard terms or at shipment, depending on the manufacturer and negotiated terms, while salvage…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  On October 27, 2026, the Board declared a quarterly cash dividend of $0.30 per share, payable December 3, 2026, to shareholders of record November 19, 2026. The company had declared three $0.30-per-share dividends…
• Interest Rate ExposureImportance 12 · Surprise 6
  At September 30, 2026, the weighted average interest rate on borrowings under LKQ’s Senior Unsecured Credit Agreement was 5.2%, and the overall weighted average rate including senior notes and the CAD Note was 5.0%.…

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Revenue by Geography (in millions)