---
schema_version: "secwatch.filing_event.v1"
accession: "0001065696-24-000081"
form_type: "8-K"
ticker: "LKQ"
cik: "0001065696"
company_name: "LKQ CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:16:13.448126+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LKQ Q1 EPS $0.59 vs $1.01 YoY; cuts organic revenue guidance range

## Summary
- Revenue $3.7B (+10.6% YoY) but parts/services organic revenue down 0.3%.
- Diluted EPS $0.59 (-41.6% YoY); adjusted diluted EPS $0.82 (-21.2% YoY).
- Operating cash flow $253M; free cash flow $187M; dividend $0.30/share declared.
- Full-year organic revenue growth guidance lowered to 2.5-4.5% from 3.5-5.5%.
- Uni-Select synergies increased to $65M; €750M 4.125% notes issued; Slovenia/Bosnia divested.

## SEC filing metadata
- accession: 0001065696-24-000081
- form_type: 8-K
- ticker: LKQ
- cik: 0001065696
- company_name: LKQ CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065696/000106569624000081/0001065696-24-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065696/000106569624000081/lkq-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065696-24-000081
- JSON: https://secwatch.observer/filing/0001065696-24-000081.json
- Plain text: https://secwatch.observer/filing/0001065696-24-000081.txt

## Key facts
- Earnings Releases
  LKQ CORP updated its full year 2024 guidance (lowered).
  - Period: full year 2024
  - Guidance: lowered
  - Result: guidance update
  source text: We are reiterating our full year adjusted earnings per share and free cash flow guidance based on our confidence in the core strengths of our businesses and the action plans already in motion to recover the first quarter’s underperformance. We have lowered the range of our organic revenue growth guidance in recognition of the softer than expected first quarter demand and lowered our GAAP earnings per share guidance due to higher projected restructuring and transaction related expenses than prior guidance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569624000081/0001065696-24-000081-index.htm
- Earnings Releases
  LKQ CORP reported first quarter 2024 results: revenue $3.7 billion, net income $158 million, EPS $0.59.
  - Period: first quarter 2024
  - Revenue: $3.7 billion
  - Net income: $158 million
  - EPS: $0.59
  - Result: reported results
  source text: Revenue for the first quarter of 2024 was $3.7 billion, an increase of 10.6% compared to $3.3 billion for the first quarter of 2023. For the first quarter of 2024, parts and services organic revenue decreased 0.3% (0.5% increase on a per day basis), foreign exchange rates increased revenue by 0.8% and the net impact of acquisitions and divestitures increased revenue by 11.6% year over year, for a total parts and services revenue increase of 12.1%. Other revenue for the first quarter of 2024 fell 14.6% primarily due to weaker precious metals prices relative to the same period in 2023. Net income 2 for the first quarter of 2024 was $158 million compared to $270 million for the same period of 2023. Diluted earnings per share 2 for the first quarter of 2024 was $0.59 compared to $1.01 for the same period of 2023, a decrease of 41.6%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569624000081/0001065696-24-000081-index.htm

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