LKQ Q1 2023 diluted EPS $1.01 (+7.4%), revenue flat at $3.3B, reiterates guidance, Uni-Select acquisition on track

LKQ CORP

2023-Q1 EPS reported $1.01 revenue$3,349,000,000

Revenue $3.3B flat YoY; parts & services organic growth 7.9% (7.1% per day); other revenue down 19.2% on weaker commodity prices.
Diluted EPS $1.01 (+7.4% YoY); adjusted diluted EPS $1.04 (+4.0%); net income $270M vs $269M.
Operating cash flow $223M, free cash flow $153M; quarterly dividend $0.275/share declared, payable June 1.
2023 guidance reiterated: organic rev growth 6-8%, diluted EPS $3.68-$3.98, adjusted EPS $3.90-$4.20.
Acquisition of Uni-Select (C$48/sh, ~C$2.8B EV) on track for H2 2023 close; plans to divest GSF Car Parts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LKQ CORP reported first quarter 2023 results: revenue $3.3 billion, net income $270 million, EPS $1.01. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $3.3 billion
Net income: $270 million
EPS: $1.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Revenue of $3.3 billion; parts and services organic revenue growth of 7.9% (7.1% on a per day basis) • Diluted EPS 2 of $1.01 (up 7.4%); adjusted diluted EPS 1,2 of $1.04 (up 4.0%) • Negative effect of $0.05 ($0.04 on an adjusted basis) resulting from increased interest rates and related expense • Operating cash flow of $223 million; free cash flow 1 of $153 million • Dividend of $0.275 per share approved to be paid in the second quarter of 2023 • 2023 guidance reiterated • Entered definitive agreement to acquire Uni-Select Inc.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LKQ CORP reported full year 2023 results: EPS $3.68 to $3.98. Guidance reaffirmed.

Period: full year 2023
EPS: $3.68 to $3.98
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For 2023, management reiterated the outlook as set forth below: 2023 Full Year Outlook Organic revenue growth for parts and services 6.0% to 8.0% Diluted EPS 2 $3.68 to $3.98 Adjusted diluted EPS 1,2 $3.90 to $4.20 Operating cash flow approx. $1.275 billion Free cash flow 1 approx. $975 million Free cash flow conversion of EBITDA 1 55% to 60%

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6 earnings releases filed in the last 30 days. Browse all earnings releases →

LKQ CORP filing history →

Source: SEC EDGAR

accession 0001065696-23-000038

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