LKQ prelim Q3: revenue $3.32B, adj EPS $0.47-$0.53, net loss on $111M impairment; CEO Jude out, Abbate in
LKQ CORP
Q3 revenue $3.32B vs $3.50B a year ago; parts and services organic revenue declined 5.4%.
Net loss $16M-$32M including $111M non-cash impairment vs $178M net income in Q3 2025; diluted LPS $0.06-$0.12, adjusted EPS $0.47-$0.53 vs $0.84.
Europe organic revenue -9.8% and segment EBITDA margin 4.1%-5.1% vs 10.0%, blamed on German ERP implementation disruption and UK/Benelux volume declines.
Justin Jude out as CEO and director Oct 23; Salvatore Abbate CEO from Dec 15; interim Office of CEO: John Mendel, Sue Gove; CFO Rick Galloway principal executive officer.
Andy Hamilton out as LKQ Europe head; Alvarez & Marsal retained; full-year 2026 guidance (last updated July 30, 2026) withdrawn; strategic alternatives review continues.
In connection with Mr. Jude’s separation, the Board appointed Salvatore A. Abbate to succeed Mr. Jude as the Company’s President and Chief Executive Officer and as a member of the Board, in each case, effective as of December 15, 2026.
In connection with Mr. Jude’s separation, the Board appointed Salvatore A. Abbate to succeed Mr. Jude as the Company’s President and Chief Executive Officer and as a member of the Board, in each case, effective as of December 15, 2026.
On October 23, 2026, the Board of Directors (the “ Board ”) of the Company announced that Justin L. Jude ceased to serve as the Company’s President and Chief Executive Officer and resigned as a member of the Board, in each case, effective October 23, 2026.
On October 23, 2026, the Board of Directors (the “ Board ”) of the Company announced that Justin L. Jude ceased to serve as the Company’s President and Chief Executive Officer and resigned as a member of the Board, in each case, effective October 23, 2026.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Salvatore A. Abbate was appointed as Director at LKQ CORP.
Action
appointed
Role
Director
Exact text from the filing
In connection with Mr. Jude’s separation, the Board appointed Salvatore A. Abbate to succeed Mr. Jude as the Company’s President and Chief Executive Officer and as a member of the Board, in each case, effective as of December 15, 2026.
Salvatore A. Abbate was appointed as President and Chief Executive Officer at LKQ CORP.
Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
In connection with Mr. Jude’s separation, the Board appointed Salvatore A. Abbate to succeed Mr. Jude as the Company’s President and Chief Executive Officer and as a member of the Board, in each case, effective as of December 15, 2026.
Justin L. Jude departed as President and Chief Executive Officer at LKQ CORP.
Action
ceased to serve
Role
President and Chief Executive Officer
Exact text from the filing
On October 23, 2026, the Board of Directors (the “ Board ”) of the Company announced that Justin L. Jude ceased to serve as the Company’s President and Chief Executive Officer and resigned as a member of the Board, in each case, effective October 23, 2026.
On October 23, 2026, the Board of Directors (the “ Board ”) of the Company announced that Justin L. Jude ceased to serve as the Company’s President and Chief Executive Officer and resigned as a member of the Board, in each case, effective October 23, 2026.
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