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Mar 31, 2022
LKQ Q1 2022 Earnings Report
LKQ Corporation reported year-over-year improvement in revenue and earnings per share for Q1 2022.
Key Takeaways
LKQ Corporation announced strong Q1 2022 results with a revenue of $3.3 billion, a 5.6% increase year-over-year. Diluted EPS was $0.94, up 6.8%, and adjusted diluted EPS was $1.00, up 6.4%. The company also raised its 2022 organic revenue and EPS outlook.
Revenue of $3.3 billion, up 5.6% year-over-year.
Parts and services organic revenue increased 6.9%.
Diluted EPS of $0.94, up 6.8%; adjusted diluted EPS of $1.00, up 6.4%.
Operating cash flow of $409 million; free cash flow of $350 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
LKQ raised its 2022 full year outlook for organic revenue growth for parts and services to 4.5% to 6.5% and diluted EPS to $3.57 to $3.87 and adjusted diluted EPS to $3.80 to $4.10. Operating cash flow is expected to be $1.3 billion and free cash flow is expected to be at least $1.0 billion.
Positive Outlook
- Encouraged by the demand outlook for our segments
- Continue to generate strong free cash flow
- Committed to investing in the business to drive long-term sustainable earnings growth
- Maintaining an investment grade debt rating
- Returning excess free cash flow to shareholders via share repurchases and quarterly dividends
Challenges Ahead
- Based on current conditions and recent trends
- Assumes current U.S. federal tax legislation remains unchanged
- The prices of scrap and precious metals hold near the first quarter average
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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