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LKQ Corp. (LKQ) Reports In-Line Q1 EPS

April 28, 2016 7:40 AM

LKQ Corp. (NASDAQ: LKQ) reported Q1 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.91 billion.

"Our first quarter results were impressive, and I believe that our recently-completed strategic acquisitions, credit facility amendment and European bond offering position us to continue delivery of organic and acquisition-related revenue growth," stated Robert Wagman, President and Chief Executive Officer of LKQ Corporation. “I am particularly pleased with the 12.3% revenue growth in parts and services on a constant currency basis. Our Europe segment continued to show solid improvement, with its EBITDA margins for the quarter increasing 100 basis points over the prior year. Despite the mild weather we faced globally, organic revenue growth for parts and services was a solid 6.3%, including 10.8% in our Specialty segment.”

For earnings history and earnings-related data on LKQ Corp. (LKQ) click here.

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