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 reports news around its business as a distributor of vehicle replacement parts, repair and maintenance products, components, systems, and specialty aftermarket accessories. Company updates commonly address results and outlook for its North America, Europe, and Specialty operations, including organic revenue trends, earnings, operating cash flow, free cash flow, and balance sheet measures.
Recurring LKQ news also covers capital allocation through dividends and share repurchases, investor presentations, portfolio simplification actions such as the completed sale of the Self Service segment, and board-level strategic review announcements. These updates connect the company’s automotive parts distribution model with operating performance, segment focus, and shareholder-capital actions.
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LKQ Corporation reported first quarter 2023 revenue of $3.3 billion, maintaining last year's figures, with organic revenue growth of 7.9%. The company achieved a diluted EPS of $1.01, a 7.4% increase year-over-year. Adjusted diluted EPS rose by 4.0% to $1.04, despite a $0.05 negative impact from increased interest rates. Operating cash flow was $223 million, while free cash flow stood at $153 million. The board approved a $0.275 dividend per share for June 2023. The company reiterated its 2023 guidance of 6% to 8% organic revenue growth and $3.68 to $3.98 diluted EPS. Additionally, LKQ is set to acquire Uni-Select Inc. for approximately $2.1 billion, enhancing its North American operations.
LKQ Corporation will announce its Q1 2023 financial results on April 27, 2023. A conference call is scheduled for 8:00 a.m. Eastern Time, where senior management will discuss the results.
Investors can access the call at (888) 330-3494, or internationally at (646) 960-0860, using conference ID: 5232422#. Additionally, an audio webcast with presentation materials will be available at www.lkqcorp.com. Replays of the call will be accessible through May 12, 2023.
LKQ is a prominent provider of alternative and specialty automotive parts across North America, Europe, and Taiwan.
LKQ Corporation has announced its acquisition of Uni-Select Inc. for C$48.00 per share, totaling approximately C$2.8 billion (US$2.1 billion). This acquisition, expected to close in the second half of 2023, represents a 19.2% premium to Uni-Select's stock price as of February 24, 2023. The deal is seen as a strategic fit, enhancing LKQ’s existing distribution business and expected to generate around US$55 million in annual cost synergies. The transaction will be funded through cash and new debt, maintaining LKQ's commitment to investment-grade ratings. Uni-Select's board unanimously recommends the deal, highlighting value and liquidity for shareholders.
LKQ Corporation reported fourth quarter 2022 revenue of $3.0 billion, down 5.8% from the previous year. Parts and services organic revenue grew 4.5% while net income fell to $193 million, an 11.1% decrease.
Fourth quarter diluted EPS was $0.72, adjusted diluted EPS at $0.78. Annual revenue totaled $12.8 billion, down 2.3%. Annual diluted EPS increased 12.3% to $4.11. The company approved a $0.275 dividend and repurchased 20.5 million shares for $1.04 billion.
In 2023, LKQ anticipates 6.0% to 8.0% organic revenue growth and diluted EPS between $3.68 and $3.98.
LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2022 financial results on February 23, 2023.
The company will host a conference call at 8:00 a.m. Eastern Time to discuss the results, accessible by phone or via a webcast at their website. Replays will be available post-presentation until March 10, 2023.
LKQ specializes in providing alternative and specialty parts for vehicles, operating in North America, Europe, and Taiwan.