LKQ Unit Involved in Cybersecurity Incident in November

Dow Jones12-14

By Sabela Ojea

LKQ said one of its business units in Canada was the target of a cybersecurity incident in November and it would be notifying any affected parties as it analyzes data.

The auto-parts supplier on Friday said the operations of the business unit were adversely affected for a few weeks, but that the company doesn't expect the effects of the cyber incident to be material to its fiscal-year results.

In October, LKQ cut its full-year outlook and guided for a decline in organic revenue of 1.8% to 2.8%, as well as adjusted earnings of $3.38 to $3.52.

"The company believes that it has effectively contained the threat and that none of its other businesses were impacted by the threat, and the Business Unit is now operating near full capacity," it said.

LKQ will seek reimbursement of costs, expenses and losses stemming from the cybersecurity incident by submitting claims to its insurers, the company added.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

December 13, 2024 17:31 ET (22:31 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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