Lkq corporation announces results for third quarter 2023

Chicago, oct. 26, 2023 (globe newswire) -- lkq corporation (nasdaq:lkq) today reported third quarter 2023 financial results. “our third quarter results reflected some tailwinds and headwinds. on the positive side, we experienced strong organic growth in our wholesale - north america and europe segments, drove excellent margins in wholesale - north america, and generated robust free cash flow. unfortunately, these strengths were offset by a combination of unusual, transitory items in europe, continued softness in commodity prices, and difficult market conditions impacting our specialty and self service segments. our success since implementing the operational excellence strategy in 2019 gives us confidence in our ability to take decisive actions and drive improved execution. we have great assets and an exceptional team, which we believe will enable long-term growth and value creation. the fundamentals of our business remain strong,” noted dominick zarcone, president and chief executive officer.
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