LKQ (LKQ)
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LKQ (LKQ) Q3 Earnings Top Estimates
ZACKS· 2024-10-24 12:11
LKQ (LKQ) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.15%. A quarter ago, it was expected that this vehicle components company would post earnings of $1.03 per share when it actually produced earnings of $0.98, delivering a surprise of -4.85%.Over the last four quarters, the com ...
LKQ (LKQ) - 2024 Q3 - Quarterly Results
2024-10-24 10:48
Exhibit 99.1 LKQ CORPORATION ANNOUNCES RESULTS FOR THIRD QUARTER 2024 • Revenue of $3.6 billion (a 0.5% increase compared to the same period in 2023) • Diluted EPS of $0.73; adjusted diluted EPS of $0.88 • Third quarter operating cash flow of $420 million; free cash flow of $341 million • Repurchased $125 million of LKQ shares • $1 billion increase to stock repurchase program announced, raising the aggregate authorization to $4.5 billion through October 25, 2026 • Dividend of $0.30 per share approved to be ...
LKQ Corporation Announces Results for Third Quarter 2024
GlobeNewswire News Room· 2024-10-24 10:00
Revenue of $3.6 billion (a 0.5% increase compared to the same period in 2023)Diluted EPS2 of $0.73; adjusted diluted EPS1,2 of $0.88Third quarter operating cash flow of $420 million; free cash flow1 of $341 millionRepurchased $125 million of LKQ shares$1 billion increase to stock repurchase program announced, raising the aggregate authorization to $4.5 billion through October 25, 2026Dividend of $0.30 per share approved to be paid in the fourth quarter of 2024 ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) ...
LKQ Corporation Announces $1 Billion Increase to its Stock Repurchase Program
GlobeNewswire News Room· 2024-10-24 09:57
ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that its Board of Directors has authorized a $1 billion increase and a one-year extension to its stock repurchase program, raising the aggregate authorization under the program to $4.5 billion and authorizing repurchases through October 25, 2026. Since initiating the stock repurchase program in late October 2018, the Company has repurchased approximately 62 million shares of its common stock for a total of $2.7 b ...
Unveiling LKQ (LKQ) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-21 14:21
Core Insights - LKQ is expected to report quarterly earnings of $0.87 per share, a 1.2% increase year-over-year, with revenues projected at $3.63 billion, reflecting a 1.8% year-over-year increase [1] - There has been a downward revision of 0.8% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [1] - Analysts emphasize the importance of earnings estimate revisions as indicators for predicting investor actions regarding the stock [1] Revenue Estimates - The consensus estimate for 'Revenue- Other- Total' is $141.31 million, indicating a year-over-year decrease of 12.2% [2] - 'Revenue- Parts and Services' is expected to reach $3.51 billion, showing a year-over-year increase of 3.2% [2] - 'Revenue- Parts and Services- Specialty' is projected at $451.42 million, reflecting a year-over-year decline of 1% [2] Regional Revenue Projections - 'Revenue- Parts and Services- Europe' is estimated to be $1.59 billion, indicating a year-over-year increase of 0.9% [3] - 'Revenue- Parts and Services- Wholesale - North America' is expected to reach $1.42 billion, reflecting a year-over-year increase of 7.9% [3] - 'Revenue- Parts and Services- Self Service' is projected at $53.32 million, indicating a year-over-year decline of 8.1% [3] Organic Growth Estimates - 'Organic Growth - Parts and services - Wholesale - North America' is expected to be -3.1%, down from 4.1% reported in the same quarter last year [3] - 'Organic Growth - Parts and services - Europe' is projected at 1.1%, down from 5.1% reported in the same quarter last year [4] - The average prediction for 'Organic Growth - Parts and services' is -1.1%, compared to 3% in the same quarter last year [4] Stock Performance - LKQ shares have decreased by 1.8% in the past month, contrasting with a 4.5% increase in the Zacks S&P 500 composite [4] - LKQ holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [4]
LKQ Corporation to Host Investor Day on September 10, 2024
Newsfilter· 2024-08-06 14:00
ANTIOCH, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that the Company will host an Investor Day at its headquarters in Antioch, Tennessee on Tuesday, September 10, 2024. The presentations, including question and answer sessions, will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) and conclude at approximately 1:00 p.m. Eastern Time (12:00 p.m. Central Time). The Investor Day will feature presentations by Justin Jude, the Company's President and Chief Exec ...
LKQ (LKQ) - 2024 Q2 - Quarterly Report
2024-07-25 19:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ ____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-42002 ____________________________ LKQ CORPORATION (Exact name of registrant as ...
LKQ (LKQ) - 2024 Q2 - Earnings Call Transcript
2024-07-25 18:07
LKQ Corporation (NASDAQ:LKQ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Joe Boutross - Vice President of Investor Relations Justin Jude - President & Chief Executive Officer Rick Galloway - Senior Vice President & Chief Financial Officer Conference Call Participants Scott Stember - ROTH MKM Craig Kennison - Baird Gary Prestopino - Barrington Research Bret Jordan - Jefferies Brian Butler - Stifel John Healy - Northcoast Research Operator Good morning everyone. Welcome to L ...
LKQ Falls Short of Q2 Earnings Estimates, Cuts 2024 Guidance
ZACKS· 2024-07-25 17:26
Core Insights - LKQ Corporation reported second-quarter 2024 adjusted earnings of 98 cents per share, missing the Zacks Consensus Estimate of $1.03 and decreasing from $1.09 in the prior year [11] - Quarterly revenues totaled $3.70 billion, falling short of the Zacks Consensus Estimate of $3.86 billion but increasing from $3.44 billion year-over-year [11] - The company announced a quarterly cash dividend of 30 cents per share, payable on August 29, 2024 [3] Segment Performance - Revenues from the Self-Service segment were $133 million, down 21.3% year-over-year and missing the estimate of $146.3 million; EBITDA for this segment was $13 million, below the forecast of $28.7 million but up from $7 million a year ago [2] - The Wholesale North American segment generated revenues of $1.47 billion, a 23% increase year-over-year, surpassing the estimate of $1.43 billion; EBITDA was $256 million, exceeding the forecast of $252.2 million [7] - Specialty segment revenues reached $466 million, a 5.2% year-over-year increase but below the projection of $474 million; EBITDA was $41 million, slightly down from $42 million a year ago but above the forecast of $36 million [12] - European segment revenues were $1.64 billion, flat year-over-year and below the estimate of $1.79 billion; EBITDA was $174 million, down from $188 million a year ago but above the forecast of $169.5 million [16] Financial Position - Cash flow from operating activities totaled $213 million, with positive free cash flow of $133 million during the quarter [13] - As of June 30, 2024, cash and cash equivalents were $276 million, down from $299 million at the end of 2023; long-term obligations increased to $4.25 billion from $3.65 billion [17] - The company revised its full-year 2024 guidance, now expecting parts and services organic revenues to decline by 1.25% to increase by 0.25%, down from a prior range of 2.5% to 4.5% growth; adjusted EPS is now projected to be between $3.50 and $3.70, reduced from $3.90 to $4.20 [18]
Compared to Estimates, LKQ (LKQ) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-25 14:35
For the quarter ended June 2024, LKQ (LKQ) reported revenue of $3.71 billion, up 7.6% over the same period last year. EPS came in at $0.98, compared to $1.09 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.87 billion, representing a surprise of -4.06%. The company delivered an EPS surprise of -4.85%, with the consensus EPS estimate being $1.03. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...