LKQ Company completes sale of PGW auto glass enterprise


CHICAGO, April 20, 2022 (Globe Newswire) — LKQ Company (Nasdaq: LKQ) declares that it has accomplished its beforehand introduced settlement to promote PGW Auto Glass (“PGW”), a North American automotive producer that can promote PGW Auto Glass (“PGW”). Sector is a distributor of aftermarket glass. For One Fairness Companions. The sale value was $362 million, topic to customary post-closing buy value changes.

LKQ will report monetary info for the PGW Glass distribution enterprise by way of the deadline of April 18, 2022 within the Persevering with Operations part of its monetary statements. PGW generated income of roughly $400 million and had an EBITDA margin of roughly 10% in 2021.

On this transaction BofA Securities acted as monetary advisor to LKQ Company.

About LKQ Company

LKQ Company (www.lkqcorp.com) is a number one supplier of optionally available and specialty components for vehicle and different automobile restore and equipment. LKQ has operations in North America, Europe and Taiwan. LKQ supplies its prospects with a variety of OE recycled and aftermarket components, alternative programs, parts, gear and providers to restore and entry cars, vans, and leisure and efficiency automobiles.

forward-looking statements

The statements and data on this press launch that aren’t historic are forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995 and have been made in accordance with the “secure harbor” provisions of such Act. Ahead-looking statements embrace, however usually are not restricted to, statements about our imaginative and prescient, steerage, expectations, beliefs, hopes, intentions and techniques. These statements are topic to a variety of dangers, uncertainties, assumptions and different components that would trigger our precise outcomes, efficiency or achievements to vary materially. All forward-looking statements are based mostly on info accessible to us on the time of the assertion. We undertake no obligation to replace any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by legislation. You need to not place undue reliance on our forward-looking statements. Precise occasions or outcomes might differ materially from these expressed or implied within the forward-looking statements. Dangers, uncertainties, assumptions and different components that would trigger precise outcomes to vary materially from these anticipated or implied by our forward-looking statements, together with these mentioned in our filings with the SEC (accessible on our Investor Relations web site at lkqcorp .com and on the SEC web site at sec.gov), together with the headings “danger components” and “administration’s dialogue and evaluation of the monetary place and outcomes of operations” in our annual report on Kind 10-Ok for the yr ended December. disclosed beneath. 31, 2021.

contact

Joseph P. Boutros
LKQ Company
Vice President, Investor Relations
(312) 621-2793
jpboutross@lkqcorp.com



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