LKQ Corporation reported a revenue increase of 0.5% to $3.6 billion in Q3 2024. Diluted EPS was $0.73, while adjusted diluted EPS reached $0.88. The company generated $420 million in operating cash flow and $341 million in free cash flow. LKQ repurchased $125 million of its shares and increased the stock repurchase program by $1 billion.
Revenue increased by 0.5% to $3.6 billion compared to Q3 2023.
Diluted EPS was $0.73, and adjusted diluted EPS was $0.88.
Operating cash flow was $420 million, with free cash flow reaching $341 million.
The company repurchased $125 million in LKQ shares and increased the stock repurchase program by $1 billion.
LKQ updated its full-year 2024 outlook due to revenue headwinds, projecting a decline in organic revenue growth for parts and services, with adjusted diluted EPS expected to be in the range of $3.38 to $3.52. Despite the decrease in profitability, the company maintains its prior cash flow guidance by managing working capital and capital expenditures.
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