LKQ Q3 Earnings Top Estimates, Lifts FY21 Outlook, Initiates Dividend

  • LKQ Corp LKQ reported third-quarter FY21 sales growth of 8.2% year-on-year, to $3.296 billion, beating the analyst consensus of $3.28 billion.
  • Revenue in North America rose 6.9% Y/Y, and Europe increased 2.7%.
  • The gross margin for the quarter expanded 150 basis points Y/Y to 40.8%. The operating margin expanded 180 basis points to 11.5%, and operating income for the quarter rose 27.8% to $378.15 million.
  • LKQ held $402.7 million in cash and equivalents as of September 30, 2021. Operating cash flow totaled $429 million, and free cash flow amounted to $384 million.
  • Adjusted EPS of $1.02 beat the analyst consensus of $0.86.
  • The company's board declared its first-ever quarterly cash dividend of $0.25 per share, payable on December 2, 2021, to stockholders of record on November 11, 2021.
  • Outlook: LKQ raised FY21 EPS adjusted EPS outlook to $3.78 - $3.88 (prior view $3.55 - $3.75), above the consensus of $3.68.
  • Price Action: LKQ shares are trading higher by 2.93% at $55.79 in premarket on the last check Thursday.
Loading...
Loading...
LKQ Logo
LKQLKQ Corp
$39.93-0.75%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
Not Available
Growth
40.20
Quality
38.95
Value
40.91
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Comments
Loading...