secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001065696-24-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LKQ Q3 adj EPS beats by $0.02; slashes full-year guidance; adds $1B buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569624000121/0001065696-24-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569624000121/lkq-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001065696-24-000121

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