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Jun 30, 2020
LKQ Q2 2020 Earnings Report
LKQ's financial performance reflected improved revenue trends, operational productivity, balance sheet strength, and continued debt reduction.
Key Takeaways
LKQ Corporation reported a decrease in revenue by 19.1% year-over-year, reaching $2.6 billion. Net income decreased by 21.2% to $119 million, with a diluted EPS of $0.39. However, operating cash flow increased by 56% to $718 million, and free cash flow increased by 66% to $686 million. The company reduced borrowings by $552 million and maintained liquidity of $2.5 billion as of June 30, 2020.
Second quarter 2020 revenue was $2.6 billion, a decrease of 19.1% year-over-year.
Parts and services organic revenue declined 16.8%.
Net income was $119 million, a decrease of 21.2% year-over-year, with diluted EPS of $0.39, down 18.8%.
Operating cash flow increased by 56% to $718 million, and free cash flow increased by 66% to $686 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The operating environment continues to evolve, and while the Company's second quarter performance exceeded expectations, there remains a high degree of uncertainty about the ongoing rate and shape of the COVID-19 recovery. As a result, the Company is not providing new fiscal 2020 guidance at this time.
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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