earnings
confidence high
sentiment negative
materiality 0.75
LKQ Q3 adj EPS beats by $0.02; slashes full-year guidance; adds $1B buyback
LKQ CORP
2024-Q3 EPS reported
$2.01
revenue$10,998,000,000
- Q3 revenue $3.6B (+0.5% YoY); diluted EPS $0.73; adjusted diluted EPS $0.88 vs $0.86 prior year.
- FY2024 guidance cut: organic revenue decline (2.75%)-(1.75%); diluted EPS $2.59-$2.73; adj. EPS $3.38-$3.52.
- Board approved $1B buyback increase, raising aggregate authorization to $4.5B through Oct 2026.
- Q3 operating cash flow $420M; free cash flow $341M; dividend $0.30 payable Nov 27, 2024.
- Divested Poland and Bosnia operations in Q3; terms not disclosed.