LKQ Corporation (LKQ) Tops Q3 EPS by 22c, Revenues Beat
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LKQ Corporation Announces Results for Third Quarter 2020
October 29, 2020 6:00 AM EDTThird quarter 2020 revenue of $3.0 billion (down 3.2% year-over-year) Parts and services organic revenue declined 4.5% year-over-yearNet income¹ of $193 million (up 27.4%); adjusted net income of $228 million (up 20.9%)Targeted cost and productivity actions continue to contribute to operating leverageDiluted EPS¹ of $0.64 (up 30.6%); adjusted diluted EPS of $0.75 (up 23.0%)Year-to-date 2020 operating cash flow of $1.1 billion (up 17.6%); free cash flow of $1.0 billion (up 28.1%)Reduced borrowings by $256 million; year-to-date debt paydown of $1.0 billionNet leverage down to 2.0x EBITDALiquidity... More
