earnings
confidence high
sentiment negative
materiality 0.80
LKQ Q3 EPS falls 19% YoY; cuts full-year guidance on Europe headwinds and soft commodity prices
LKQ CORP
2023-Q3 EPS reported
$2.83
revenue$10,365,000,000
- Revenue $3.6B (+15% YoY); organic parts & services revenue +3.0% (4.3%/day).
- Diluted EPS $0.77 vs $0.95 Q3 2022; adjusted diluted EPS $0.86 vs $0.97.
- Operating cash flow $441M; free cash flow $344M; dividend raised 9% to $0.30/share.
- Completed Uni-Select acquisition (~CAD 2.8B EV) on Aug 1; divested GSF Car Parts Oct 25.
- FY2023 guidance cut: adj. diluted EPS now $3.68-$3.82 (prev. $3.90-$4.10); organic growth 4.75%-5.75%.