LKQ (US:LKQ) Newsfilter·2025-04-24 10:00Core Insights - LKQ Corporation reported a first quarter 2025 revenue of $3.5 billion, a decrease of 6.5% compared to $3.7 billion in the same period of 2024, driven by lower demand and foreign exchange impacts [2][27] - The company achieved a net income of $169 million, up from $158 million year-over-year, with diluted earnings per share increasing by 10.2% to $0.65 [3][36] - The company is focused on operational excellence initiatives and has formed a tariff task force to navigate potential market disruptions due to changing tariffs [1][6] Financial Performance - Revenue for parts and services decreased by 6.8%, with organic revenue down 4.3% [2][27] - Adjusted net income for the first quarter was $204 million, a decrease of 7.3% from $220 million in 2024, and adjusted diluted earnings per share fell by 3.7% to $0.79 [3][36] - Cash flow from operations was negative $3 million, and free cash flow was negative $57 million for the quarter [4][25] Shareholder Returns - The company repurchased approximately $40 million worth of shares and paid $78 million in dividends during the first quarter [5][8] - Since the initiation of the stock repurchase program in late 2018, LKQ has repurchased about 65.5 million shares for a total of $2.8 billion, with an additional $1.7 billion remaining for future repurchases [5][8] Outlook - The company maintained its full-year 2025 guidance, expecting organic revenue growth for parts and services to be between 0% to 2% [6][9] - The outlook does not account for potential impacts from tariffs, which remain uncertain [6][9] - The company anticipates strong balance sheet and liquidity to manage headwinds and capitalize on emerging opportunities [6][9]