---
schema_version: "secwatch.filing_event.v1"
accession: "0001065696-23-000038"
form_type: "8-K"
ticker: "LKQ"
cik: "0001065696"
company_name: "LKQ CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:00:15.366603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065696-23-000038
- form_type: 8-K
- ticker: LKQ
- cik: 0001065696
- company_name: LKQ CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000038/0001065696-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000038/lkq-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065696-23-000038
- JSON: https://secwatch.observer/filing/0001065696-23-000038.json
- Plain text: https://secwatch.observer/filing/0001065696-23-000038.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000038/0001065696-23-000038-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569623000038/0001065696-23-000038-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.