Successful Divestment of Self Service Segment
LKQ completed the sale of its Self Service segment to Pacific Avenue Capital Partners for $410 million, which strengthened the balance sheet and allowed debt reduction.
Cost Savings Achievements
Achieved $35 million in cost savings as part of a $75 million target for 2025, primarily through European business transformation efforts.
Specialty Segment Growth
Specialty segment delivered a 9.4% increase in organic revenue, marking the first positive organic growth in 14 quarters.
Strong Free Cash Flow
Generated strong free cash flow of $387 million for the quarter and $573 million year-to-date.
Increase in Adjusted EPS Guidance
Raised the midpoint of full-year adjusted earnings per share guidance to $3.00-$3.15, reflecting a $0.07 increase on a like-for-like basis.