secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001065696-24-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LKQ Q2 adjusted EPS $0.98, down 10% YoY; organic revenue declines; cuts 2024 guidance
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- Revenue $3.7B (+7.6% YoY) but organic parts & services revenue down 2.1% (2.9% per day).
- GAAP diluted EPS $0.70, down 33.3% YoY; adjusted diluted EPS $0.98, down 10.1% YoY.
- FY2024 guidance cut: adjusted EPS now $3.50-$3.70 (was $3.90-$4.20); free cash flow now $0.85B (was $1.0B).
- Q2 operating cash flow $213M; returned over $200M to shareholders via $125M buyback and $80M dividends.
- Paused large-scale M&A; divesting Slovenia, Poland, Bosnia operations; appointed Andrew Clarke to board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569624000109/0001065696-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569624000109/lkq-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001065696-24-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer