Welcome to our dedicated page for Lkq news (Ticker: LKQ), a resource for investors and traders seeking the latest updates and insights on Lkq stock.
LKQ Corporation (Nasdaq: LKQ) is a distributor of alternative, aftermarket and recycled parts used to repair and accessorize automobiles and other vehicles, with operations in North America, Europe and Taiwan. The LKQ news feed on Stock Titan aggregates company-issued press releases and other coverage so readers can follow how LKQ’s strategy, portfolio and capital structure evolve over time.
Recent news has highlighted LKQ’s multi-year effort to simplify its business portfolio and focus on core, non-discretionary segments. The company announced and then completed the sale of its Self Service segment, known as "Pick Your Part," to an affiliate of Pacific Avenue Capital Partners, LLC, and now reports that segment as discontinued operations. LKQ has also disclosed that it is exploring a potential sale of its Specialty segment, which it describes as a distributor of automotive, RV and marine parts and accessories in North America.
Investors tracking LKQ news can expect updates on quarterly financial results and outlook, strategic divestitures, capital allocation decisions such as share repurchases and dividends, and changes in board leadership and governance. The company regularly issues press releases in connection with its earnings, providing commentary on revenue trends, margins, cash flow and its transformation plan.
LKQ’s news flow also includes sustainability and operational initiatives, such as its partnership to install a large-scale rooftop solar power system at logistics centers in Germany under a long-term power purchase agreement, which the company links to its greenhouse gas emissions reduction strategy and circular economy practices. For anyone researching LKQ stock (LKQ), this news page offers a centralized view of the company’s public announcements, from strategic transactions to investor conference appearances.
LKQ Corporation reported first quarter 2021 revenue of $3.2 billion, marking a 5.7% increase year-over-year. Diluted EPS rose 83.3% to $0.88, with adjusted diluted EPS up 64.9% to $0.94. Segment EBITDA margins improved, reaching 19.9% in North America and 9.6% in Europe. Operating cash flow surged 169% to $523 million, and free cash flow rose 220% to $481 million. The company raised its 2021 outlook for profitability and free cash flow, anticipating significant revenue growth.
LKQ Corporation (Nasdaq: LKQ) is set to release its first quarter 2021 financial results on April 29, 2021. A conference call with senior management will follow at 8:00 a.m. ET to discuss these results. Investors can join the call by dialing (833) 236-5754 or (647) 689-4182 for international access, using conference ID 2377197#. The audio webcast and presentation will be available on the company's website. A replay will also be accessible through May 13, 2021.
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LKQ Corporation announced that its subsidiary, LKQ European Holdings, has issued a notice for the early redemption of €750 million in Senior Notes due 2026. The redemption, set for April 1, 2021, will occur at a price of 101.813% plus accrued interest. This strategic move aims to utilize the company's strong liquidity to reduce its overall debt costs, as noted by CFO Varun Laroyia. The company will finance this through lower cost borrowings and cash reserves. The remaining €250 million senior notes due in 2028 will stay outstanding.
LKQ Corporation reported fourth quarter 2020 revenue of $2.95 billion, down 1.9% year-over-year, with annual revenue at $11.6 billion, down 7.0%. Despite this, diluted EPS increased by 28.3% to $0.59 for the quarter and 20.1% to $2.09 for the year. The company achieved record EBITDA margins in North America and strong free cash flow of $1.3 billion for the year. Looking ahead to 2021, management anticipates diluted EPS between $2.40 and $2.60 and free cash flow of at least $800 million, despite ongoing market challenges due to COVID-19.
LKQ Corporation (Nasdaq: LKQ) is set to announce its fourth quarter and full year 2020 financial results on February 18, 2021. A conference call, hosted by senior management, is scheduled for 8:00 a.m. Eastern Time, where the results will be discussed. Investors can access the call by dialing (833) 236-5754, with an international option available. Additionally, an audio webcast and presentation will be accessible on LKQ's Investor Relations website. A replay will also be available until March 4, 2021. LKQ is a prominent provider of alternative and specialty automotive parts across North America, Europe, and Taiwan.
LKQ Corporation reported a third quarter 2020 revenue of $3.0 billion, down 3.2% year-over-year. Despite this decline, net income rose by 27.4% to $193 million, with diluted EPS increasing 30.6% to $0.64. Year-to-date operating cash flow improved by 17.6% to $1.1 billion, while free cash flow surged by 28.1% to $1.0 billion. The company reduced borrowings by $256 million, achieving a net leverage of 2.0x EBITDA. The share repurchase program is set to resume in the fourth quarter of 2020, reflecting a strong balance sheet and operational efficiency.
LKQ Corporation announces a Virtual Investor Day on September 10, 2020, beginning at 9:30 a.m. Eastern time. Executive management will present, followed by a Q&A session concluding around 2:30 p.m. Eastern. Stakeholders can access the live webcast and slide presentation on the LKQ Investor Relations website. A replay will be available two hours post-presentation. LKQ Corporation is a leading provider of alternative and specialty automotive parts, operating in North America, Europe, and Taiwan.
LKQ Corporation will release its second quarter 2020 financial results on July 30, 2020, prior to market opening. A conference call is scheduled for 8:00 a.m. Eastern Time, where senior management will discuss the results. Investors can join by dialing (833) 236-5754; international participants can reach the call at (647) 689-4182, using conference ID: 3783913#. The webcast and presentation will be available on the company's website. A replay of the call will be accessible until August 13, 2020.
LKQ Corporation (Nasdaq: LKQ) has updated its second quarter 2020 performance as of May, revealing that revenue is outperforming internal expectations despite the COVID-19 pandemic. Parts and services organic revenue is down 25% versus Q2 2019, with monthly declines of 30% in April and 20% in May. Operating profits were achieved in both April and May, and positive cash flow allowed the company to reduce net debt by over $250 million. An amendment to their credit facility enhances financial flexibility, with a current net debt of $3.1 billion and total liquidity of approximately $2.2 billion.
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