earnings
confidence high
sentiment negative
materiality 0.80
LKQ Q1 GAAP EPS $0.30 vs $0.61; lowers full-year EPS outlook; strategic review ongoing
LKQ CORP
- Revenue $3,469M (+4.3% YoY); parts & services organic revenue -1.6% after FX.
- GAAP diluted EPS $0.30 (incl. $0.17 Mekonomen impairment) vs $0.61; adjusted EPS $0.67 vs $0.74.
- Board-initiated comprehensive strategic alternatives review, advisors BofA and Goldman Sachs.
- Full-year GAAP EPS guidance cut to $2.16-$2.46 from $2.35-$2.65; adjusted EPS reaffirmed $2.90-$3.20.
- Q1 free cash flow -$96M; operating cash flow -$56M; dividend $0.30 declared for Q2.