LKQ (LKQ) Q2 2025 Earnings Call Transcript Motley Fool Transcribing, The Motley Fool May 4, 2026 37 min read LKQ . DATE Thursday, July 24, 2025 at 8 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Justin L.
Jude Senior Vice President and Chief Financial Officer — Rick Galloway Full Conference Call Transcript Justin L. Jude: Thank you, Joe, and good morning to everyone joining us on the call. As you all know, I have now been in the CEO role for a full year.
The year has presented some macro challenges and some short-term operational obstacles, but also opportunities for longer- term value creation. Alongside my leadership team, we have made some tough but necessary decisions to fundamentally reshape how we operate and put us back to a path of consistent value creation. The decisions made are aligned with our overarching strategy, a multiyear transformation to simplify our portfolio, sharpen our focus and position us as a high-performing company centered on our core business segments.
Our global team is laser-focused on growing our market share while driving productivity and efficiently managing our cost structure. At our September 2024 Investor Day, we set our strategic priorities, simplify our business portfolio and operations, expand our lean operating model globally with a focus on margin enhancement, invest and grow organically and pursue a disciplined capital allocation strategy. And so as we move forward, we are going to share how we are doing against each of these a scorecard, if you will, that makes it clear for the investment community to see how we are doing.
I can't sugarcoat that today, the results are yet to show this progress and the macro headwinds necessitated our revised guidance. We are not where we need to be, and so we are going to push harder and move faster. To that end, we are focused on 2 immediate things.
One, additional cost-cutting measures, primarily in Europe but also in North America with a goal of cutting another $75 million in costs; two, a heightened emphasis on the strategic review of our business units in operations that may result in the sale of assets that further accelerate our simplification strategy and capital allocation priorities. We are seeing a turn in the market for strategic activity with credit markets opening. Momentum behind midsized transactions and private equity actively seeking to deploy capital.
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