LKQ Q2 adj EPS $1.09 flat YoY, revenue $3.4B; narrows FY adj EPS guidance to $3.90-$4.10

LKQ CORP

2023-Q2 EPS reported $2.06 revenue$6,797,000,000

Revenue $3.4B, +3.2% YoY; parts and services organic +4.8% (+5.4% per day).
Adjusted diluted EPS $1.09, flat YoY; GAAP EPS $1.05 vs $1.49 (incl. $0.45 PGW gain in prior year).
Operating cash flow $480M, free cash flow $414M; quarterly dividend $0.275/share declared.
FY2023 outlook: adj EPS $3.90-$4.10 (prev $3.90-$4.20); organic revenue growth 6-7.5% (prev 6-8%).
Uni-Select acquisition (CAD 48/share, ~$2.1B enterprise) on track to close Aug 1, 2023; GSF Car Parts divestiture planned.

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 0.9

LKQ CORP reported second quarter 2023 results: revenue $3.4 billion, net income $281 million, EPS $1.05.

Period: second quarter 2023
Revenue: $3.4 billion
Net income: $281 million
EPS: $1.05
Result: reported results

Exact text from the filing

Revenue for the second quarter of 2023 was $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022. For the second quarter of 2023, parts and services organic revenue increased 4.8% (5.4% on a per day basis), foreign exchange rates increased revenue by 0.6% and the net impact of acquisitions and divestitures was flat year over year, for a total parts and services revenue increase of 5.4%. Other revenue for the second quarter of 2023 fell 23.9% primarily due to weaker commodity prices relative to the same period in 2022. Net income 2 for the second quarter of 2023 was $281 million as compared to $420 million for the same period in 2022. Diluted earnings per share 2 for the second quarter of 2023 was $1.05 as compared to $1.49 for the same period of 2022, a decrease of 29.5%.

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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 0001065696-23-000060

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