UPDATE: Raymond James Downgrades LKQ Corp. (LKQ) to Market Perform
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LKQ Corporation Announces Results for Second Quarter 2021
July 29, 2021 6:00 AM EDTSecond quarter 2021 revenue of $3.4 billion (up 30.8% year-over-year)Diluted EPS1 of $1.01 (up 159.0%); adjusted diluted EPS1 of $1.13 (up 113.2%)Second quarter 2021 Segment EBITDA margin of 20.8% for North America; 14.9% for Specialty; and 10.7% for EuropeSecond quarter operating cash flow of $411 million; free cash flow of $365 millionNet leverage decreased to 1.2x EBITDA... More
LKQ Corporation Announces $1 Billion Increase in Stock Repurchase Program; total authorized now $2 Billion through October 2024
July 29, 2021 5:57 AM EDTCHICAGO, July 29, 2021 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that its Board of Directors has authorized a $1 billion increase and a two year extension to its stock repurchase program, raising the aggregate authorization under the program to $2 billion and authorizing repurchases through October 25, 2024. Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.
Varun Laroyia, Executive Vice President and Chief Financial Officer of LKQ Corporation, stated: The expanded stock repurchase program reflects our continued confidence in the... More
