LKQ Corporation Executes Agreement to Sell Elit Polska in Poland to MEKO AB [Yahoo! Finance]
LKQ Corporation (LKQ)
Last lkq corporation earnings: 4/30 06:00 am
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Source: Yahoo! Finance
Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB (“MEKO”). The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit Polska's 2023 revenue was approximately $107 million. Justin Jude, Executive Vice President and Chief Operating Officer of LKQ, stated, “The evaluation and streamlining of our asset base is a core strategic pillar for our Company. As part of this ongoing process, and after thorough consideration, we have made the strategic decision to divest Elit Polska. We believe the business is complementary to MEKO and will perform strongly under their leadership.” MEKO is a market-leading spare parts distributor in northern Europe, operating across 8 markets through its Group brands FTZ, Inter-Team, Koivunen, MECA, Mekonomen and Sørensen og Balchen. As of December 31, 2023, LKQ Corporation owned 26.6% of MEKO AB. About
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News
- Princeton NuEnergy (PNE) Raises Additional $10.3 Million in Series A Funding to Advance Lithium-ion Battery Direct Recycling Technology [Yahoo! Finance]Yahoo! Finance
- LKQ Corporation Executes Agreement to Sell Elit Polska in Poland to MEKO ABGlobeNewswire
- LKQ Corporation: FY 2024 Adjusted Net Income Guidance Is Achievable [Seeking Alpha]Seeking Alpha
- LKQ Co. (NASDAQ: LKQ) had its price target lowered by analysts at Robert W. Baird from $58.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- LKQ Q1 Earnings Miss Estimates, Decline Y/Y, Guidance Revised [Yahoo! Finance]Yahoo! Finance
LKQ
Earnings
- 4/23/24 - Miss
LKQ
Sec Filings
- 5/15/24 - Form 144
- 5/10/24 - Form 8-K
- 5/9/24 - Form 3
- LKQ's page on the SEC website