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Friday, August 12, 2022

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LKQ Corporation Announces Results for Second Quarter 2022

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  • Revenue of $3.3 billion; revenue on a constant currency basis[2] of $3.5 billion
  • Parts and services organic revenue growth of 3.8% (4.2% on a per day basis)
  • Diluted EPS[1] of $1.49 (up 47.5%); adjusted diluted EPS[1][2] of $1.09 (down 3.5%)
  • Second quarter operating cash flow of $328 million; free cash flow[2] of $288 million
  • Repurchased 8.1 million shares for $404 million in the quarter
  • Dividend of $0.25 per share approved to be paid in the third quarter of 2022
  • Full year 2022 guidance range updated

CHICAGO, IL, July 28, 2022 — LKQ Corporation (Nasdaq:LKQ) today reported second quarter 2022 financial results.

“We had a solid second quarter delivering strong organic growth, and I am extremely proud of the results the LKQ team achieved in a challenging operating environment, which included significant inflationary pressures, supply chain disruptions, and volatile commodity and currency markets. Despite these…

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