NASDAQ$LKQ
LKQ Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
LKQ's first quarter results were below expectations due to a reduction in repairable claims in North America, but positive organic growth in Europe and robust free cash flow were experienced.
LKQ Corporation reported first quarter 2024 financial results with revenue of $3.7 billion, an increase of 10.6% compared to the same period in 2023. Diluted EPS was $0.59 and adjusted diluted EPS was $0.82. Operating cash flow was $253 million and free cash flow was $187 million.
- Revenue of $3.7 billion, an 11% increase compared to Q1 2023.
- Diluted EPS of $0.59; adjusted diluted EPS of $0.82.
- Operating cash flow of $253 million; free cash flow of $187 million.
- Uni-Select synergies accelerated and increased from $55 million to $65 million.
Headline financials
Revenue & EPS history
LKQ · Revenue · Quarterly
$3.7B
Revenue by segment
LKQ · $2.04B total across 2 segments · Q3 2023
- Europe$1.58B+14.9%77.6%
- Specialty$456M+0.9%22.4%
Forward guidance
LKQ is reiterating its full year adjusted earnings per share and free cash flow guidance, but lowered the range of its organic revenue growth guidance and GAAP earnings per share guidance.
Tailwinds
- Adjusted diluted EPS: $3.90 to $4.20
- Operating cash flow: $1.35 billion
- Free cash flow: $1.0 billion
- Free cash flow conversion of Adjusted EBITDA: 50% to 60%
Headwinds
- Organic revenue growth for parts and services: 2.5% to 4.5%
- Diluted EPS: $3.32 to $3.62
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-1.3%
Avg return
30 days after
57%
39 / 69 earnings
Positive
+12.9%
Q2 2013
Best reaction
-15.8%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -7.8% | -11.6% | |
| Q4 2025 | -1.0% | +0.9% | -14.9% | |
| Q3 2025 | +3.7% | +1.2% | -1.2% | |
| Q2 2025 | -0.5% | -1.4% | +1.9% | |
| Q1 2025 | -11.6% | -10.6% | -4.6% | |
| Q4 2024 | +6.0% | +5.4% | +2.5% | |
| Q3 2024 | -0.6% | -1.1% | +1.9% | |
| Q2 2024 | -9.7% | -8.2% | -4.2% | |
| Q1 2024 | -11.5% | -10.8% | -13.3% | |
| Q4 2023 | +3.7% | +5.2% | +4.9% | |
| Q3 2023 | -7.2% | -6.4% | -2.3% | |
| Q2 2023 | -5.2% | -3.5% | -9.9% | |
| Q1 2023 | +2.7% | +1.8% | -4.7% | |
| Q4 2022 | +1.5% | +1.0% | -5.1% | |
| Q3 2022 | +3.8% | +0.1% | +2.7% | |
| Q2 2022 | +2.2% | +2.0% | +0.6% | |
| Q1 2022 | +0.3% | +2.7% | +5.8% | |
| Q4 2021 | -11.6% | -13.5% | -15.9% | |
| Q3 2021 | +1.6% | +4.3% | +6.2% | |
| Q2 2021 | +1.7% | +4.4% | +4.3% | |
| Q1 2021 | +2.6% | +5.8% | +12.0% | |
| Q4 2020 | +5.5% | +4.8% | +18.0% | |
| Q3 2020 | +7.5% | +15.5% | +20.9% | |
| Q2 2020 | -0.7% | +1.5% | +14.9% | |
| Q1 2020 | -1.9% | -1.3% | +8.5% | |
| Q4 2019 | -2.8% | -7.9% | -52.1% | |
| Q3 2019 | +11.6% | +13.4% | +12.1% | |
| Q2 2019 | +5.7% | +2.5% | -3.0% | |
| Q1 2019 | -4.5% | -4.3% | -15.6% | |
| Q4 2018 | +2.1% | +1.9% | +4.1% | |
| Q3 2018 | +2.7% | +3.9% | +6.5% | |
| Q2 2018 | +0.7% | -0.5% | -0.3% | |
| Q1 2018 | -15.8% | -19.5% | -18.2% | |
| Q4 2017 | -3.6% | -5.4% | -10.6% | |
| Q3 2017 | +0.5% | +3.1% | +4.1% | |
| Q2 2017 | +5.1% | +4.3% | +4.4% | |
| Q1 2017 | +3.5% | +4.2% | +4.5% | |
| Q4 2016 | -3.5% | -4.4% | -11.1% | |
| Q3 2016 | -3.4% | -3.9% | +0.5% | |
| Q2 2016 | +0.7% | +1.1% | +4.5% | |
| Q1 2016 | -6.2% | — | — | |
| Q4 2015 | +8.6% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | +10.1% | — | — | |
| Q4 2014 | -11.7% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | +7.0% | — | — | |
| Q4 2013 | -4.1% | — | — | |
| Q3 2013 | -1.9% | — | — | |
| Q2 2013 | +12.9% | — | — | |
| Q1 2013 | +7.1% | — | — | |
| Q4 2012 | -10.9% | — | — | |
| Q3 2012 | +3.2% | — | — | |
| Q2 2012 | +5.9% | — | — | |
| Q1 2012 | +11.4% | — | — | |
| Q4 2008 | -0.1% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -2.4% | — | — | |
| Q2 2011 | -1.2% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q4 2009 | +3.4% | — | — | |
| Q2 2009 | +3.4% | — | — | |
| Q2 2010 | +3.4% | — | — |
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