LKQ Corporation (LKQ) to Acquire Pittsburgh Glass Works; Deal Valued at $635M
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February 29, 2016 7:00 AM EST
CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced that it has signed a definitive agreement to acquire Pittsburgh Glass Works LLC (PGW) from private equity firm Kohlberg & Company LLC (Kohlberg) and PPG Industries, Inc. (PPG) for an enterprise value of $635 million. PGW is a leading global distributor and manufacturer of automotive glass products. PGWs business comprises wholesale and retail distribution services, automotive glass manufacturing, and retailer alliance partnerships. PGW operates approximately 120 distribution branches serving over 7,000 automotive glass retailer shops across North America. In addition, PGW operates 12 automotive glass fabrication facilities in North America,... More
February 25, 2016 7:01 AM EST
Annual revenue growth of 6.7% to $7.19 billionAnnual organic revenue growth for parts and services of 7.0%Annual net income growth of 10.9% to $423.2 millionAnnual Diluted EPS of $1.38; adjusted diluted EPS of $1.42Fourth quarter 2015 diluted EPS of $0.31; adjusted diluted EPS of $0.322016 annual guidance provided
CHICAGO, Feb. 25, 2016 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced results for its fourth quarter and full year ended December 31, 2015. For the fourth quarter of 2015, net income... More
