LKQ Subsidiary Keystone Automotive Operations Named 2024 Channel Partner of the Year by Specialty Equipment Market Association
LKQ 's subsidiary Keystone Automotive Operations has been awarded the Channel Partner of the Year Award at the 2024 SEMA Show in Las Vegas. Additionally, Warn Industries, a segment of Keystone Automotive Operations, received the Off-Road/4-Wheel Drive Product Award in the Best New Products category. The recognition highlights Keystone's leadership in distributing SEMA product lines and RV/marine accessories, as well as their implementation of new technologies and advanced logistics systems. SEMA represents over 7,000 member companies in the specialty-automotive parts industry.
LKQ ha assegnato alla sua sussidiaria Keystone Automotive Operations il premio Channel Partner of the Year al SEMA Show 2024 a Las Vegas. Inoltre, Warn Industries, una divisione di Keystone Automotive Operations, ha ricevuto il premio Off-Road/4-Wheel Drive Product Award nella categoria Migliori Nuovi Prodotti. Questo riconoscimento sottolinea la leadership di Keystone nella distribuzione delle linee di prodotti SEMA e degli accessori per RV e marine, così come l'implementazione di nuove tecnologie e sistemi logistici avanzati. SEMA rappresenta oltre 7.000 aziende associate nel settore dei ricambi automotive specializzati.
LKQ ha otorgado a su subsidiaria Keystone Automotive Operations el Premio a Socio del Canal del Año en el SEMA Show 2024 en Las Vegas. Además, Warn Industries, un segmento de Keystone Automotive Operations, recibió el Premio a Producto Off-Road/4-Wheel Drive en la categoría de Mejores Productos Nuevos. Este reconocimiento destaca el liderazgo de Keystone en la distribución de líneas de productos SEMA y accesorios para RV/marinos, así como su implementación de nuevas tecnologías y sistemas logísticos avanzados. SEMA representa a más de 7,000 empresas miembro en la industria de piezas automotrices especializadas.
LKQ의 자회사인 Keystone Automotive Operations가 2024 SEMA 쇼에서 올해의 채널 파트너 상을 수상했습니다. 또한, Keystone Automotive Operations의 한 부문인 Warn Industries가 새로운 제품 부문에서 오프로드/4륜구동 제품상을 수상했습니다. 이 인식은 SEMA 제품 라인 및 RV/해양 액세서리 유통에서 Keystone의 리더십과 새로운 기술 및 고급 물류 시스템의 구현을 강조합니다. SEMA는 특수 자동차 부품 산업에서 7,000개 이상의 회원사를 대표합니다.
LKQ a décerné à sa filiale Keystone Automotive Operations le prix de Partenaire Canal de l'Année lors du SEMA Show 2024 à Las Vegas. De plus, Warn Industries, un segment de Keystone Automotive Operations, a reçu le prix Produit Off-Road/4-Wheel Drive dans la catégorie Meilleurs Nouveaux Produits. Cette reconnaissance met en avant le leadership de Keystone dans la distribution des lignes de produits SEMA et des accessoires pour RV/marine, ainsi que leur mise en œuvre de nouvelles technologies et de systèmes logistiques avancés. SEMA représente plus de 7 000 entreprises membres dans l'industrie des pièces automobiles spécialisées.
LKQ hat seiner Tochtergesellschaft Keystone Automotive Operations den Award für den Channel Partner des Jahres auf der SEMA Show 2024 in Las Vegas verliehen. Darüber hinaus erhielt Warn Industries, ein Bereich von Keystone Automotive Operations, den Off-Road/4-Wheel Drive Produkt Award in der Kategorie Beste Neue Produkte. Diese Auszeichnung hebt die Führungsposition von Keystone in der Verteilung von SEMA-Produktlinien sowie von RV- und Marinezubehör hervor und zeigt die Implementierung neuer Technologien und fortschrittlicher Logistiksysteme. SEMA vertritt über 7.000 Mitgliedsunternehmen in der Spezialautomobilteileindustrie.
- Recognition as Channel Partner of the Year at SEMA 2024
- Subsidiary Warn Industries won Best New Products Award
- Strong position in specialty-automotive parts distribution
- Advanced logistics and inventory management systems implementation
- None.
Insights
The SEMA Channel Partner of the Year award, while prestigious within the automotive aftermarket industry, has minimal direct financial impact on LKQ 's bottom line. The recognition highlights Keystone Automotive Operations' strong distribution capabilities and market position, but does not materially affect revenue or stock valuation. LKQ's Specialty segment, which includes Keystone, represents a smaller portion of the company's overall business compared to their core automotive parts operations.
The award does indicate potential for improved market share and customer relationships in the specialty automotive sector, particularly as the market environment improves. Keystone's advanced logistics and inventory management systems showcase operational efficiency, which could translate to better margins and customer retention in the long term. However, investors should focus more on concrete financial metrics and market performance data rather than industry accolades when evaluating LKQ's stock potential.
ANTIOCH, Tenn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that Keystone Automotive Operations, a subsidiary of LKQ’s Specialty segment, received the Channel Partner of the Year Award at the 2024 Specialty Equipment Market Association (SEMA) Show in Las Vegas, the leading venue that brings together manufacturers and buyers within the automotive specialty equipment industry. In addition, Warn Industries, a segment of Keystone Automotive Operations, won the Off-Road/4-Wheel Drive Product Award in the Best New Products Award category.
“We are pleased to be recognized for our leadership in the distribution of SEMA product lines and RV and marine accessories, as we continue to drive innovation and serve the diverse needs of our customers,” said Bill Rogers, President of Keystone Automotive Operations. “We are focused on operational excellence throughout the business and capitalizing on our growth potential as the Specialty market environment improves. These awards are validation of our efforts and the dedication of our talented teams.”
SEMA is a membership association representing over 7,000 member companies that create, buy, sell, and use specialty-automotive parts that make vehicles more unique, attractive, convenient, safer and fun. The Channel Partner of the Year Award recognizes Keystone Automotive Operation’s significant contributions to the aftermarket parts distribution industry, citing its commitment to new technologies and cutting-edge logistics and inventory management systems that ensure timely and accurate deliveries to customers.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
Contact:
Joseph P. Boutross-Vice President, Investor Relations
LKQ Corporation
(312) 621-2793
jpboutross@lkqcorp.com
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