LKQ Q3 2020 Earnings Report
Key Takeaways
LKQ Corporation reported a 3.2% decrease in revenue to $3.0 billion for Q3 2020 compared to Q3 2019. However, the company achieved its highest quarterly earnings in history, with net income up 27.4% to $193 million and diluted EPS up 30.6% to $0.64. The company also generated over $1.0 billion in global free cash flow year-to-date and reduced borrowings by $256 million during the quarter.
Third quarter revenue was $3.0 billion, a decrease of 3.2% year-over-year.
Parts and services organic revenue decreased 4.5% year-over-year.
Net income increased 27.4% year-over-year to $193 million.
Diluted EPS increased 30.6% year-over-year to $0.64.
LKQ
LKQ
LKQ Revenue by Segment
LKQ Revenue by Geographic Location
Forward Guidance
LKQ will recommence its share repurchase program in the fourth quarter 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income