$LKQ (LKQ Corp.)

$LKQ {{ '2016-07-28T21:01:57+0000' | timeago}} • Webcast

$LKQ's after-tax cash flow from operations during 1H16 was approx. $355MM, as the company experienced strong cash earnings and only a moderate increase in working capital. In 1H16, the company deployed a little more than $1.9Bil of capital to support the growth of its businesses, including $102MM to fund CapEx & almost $1.8Bil to fund acquisitions.

$LKQ {{ '2017-12-11T12:48:53+0000' | timeago}} • Announcement

$LKQ to acquire wholesale distributor of aftermarket spare parts for passenger cars, tools, capital equipment and accessories, Stahlgruber GmbH, from Stahlgruber Otto Gruber AG for about EUR 1.5Bil (approx. $1.76Bil). The company expects to complete the transaction late in 1Q18 or early in 2Q18, subject to required regulatory approvals.

$LKQ {{ '2017-11-15T18:07:42+0000' | timeago}} • Infographic

$LKQ LKQ Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$LKQ {{ '2017-09-05T14:02:43+0000' | timeago}} • Announcement

$LKQ said it appointed Varun Laroyia as Executive Vice President and Chief Financial Officer, effective October 1, 2017. His most recent role was as CFO of CBRE’s Global Workplace Solutions business since 2015.

$LKQ {{ '2017-06-01T13:14:46+0000' | timeago}} • Announcement

Dominick Zarcone’s previously-announced promotion to President and CEO of $LKQ became effective as of May 31, 2017. Robert Wagman, President and CEO from January 2012 until May 2017, became a part-time employee serving as Executive Strategic Advisor primarily relating to mergers and acquisitions. Zarcone was elected to BoD at annual meeting.

$LKQ {{ '2017-04-27T12:46:56+0000' | timeago}} • Announcement

$LKQ updated its FY17 guidance for adjusted diluted EPS from continuing operations to $1.82-1.92, from $1.80-1.90 and adjusted income from continuing operations to $565-595MM, from $560-590MM. Organic revenue growth is expected to be in the range of 4-6%.

$LKQ {{ '2017-04-27T12:37:57+0000' | timeago}} • Announcement

$LKQ reported 21.5% jump in 1Q17 profit, helped by higher revenues and margin. Net income rose to $136.3MM, or $0.44 per share, compared to $112.2MM, or $0.36 per share during 1Q16. Revenues rose 21.9% to $2.34Bil from $1.92Bil during 1Q16. Adjusted EPS rose 16.7% to $0.49.

$LKQ {{ '2017-03-10T11:35:21+0000' | timeago}} • Announcement

$LKQ said Robert Wagman plans to step down as President and CEO. Wagman will remain on a part-time consulting basis, and $LKQ will immediately begin a process to fill CFO position as result of Dominick Zarcone's promotion. Zarcone will be included as a Board nominee at the Annual Meeting. Wagman will not be standing for re-election to the Board.

$LKQ {{ '2017-03-10T11:32:38+0000' | timeago}} • Announcement

$LKQ unanimously selected Dominick CFO Zarcone to become the new President and CEO. Robert Wagman has announced his intention to step down from the positions of President and CEO due to health considerations. Also, Joseph Holsten, current Chairman of the Board, was appointed as Executive Chairman.

$LKQ {{ '2017-03-01T16:35:43+0000' | timeago}} • Announcement

$LKQ completed agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary to a subsidiary of Mexican glass maker Vitro, S.A.B. de C.V. for $310MM. $LKQ agreed for its ongoing aftermarket glass distribution business to purchase a specified amount of its automotive glass from Vitro at specified prices.

$LKQ {{ '2017-02-23T12:45:01+0000' | timeago}} • Announcement

For 2017, $LKQ expects non-GAAP income from continuing operations to be $560-590MM or $1.80-1.90 per share. The mid-point of EPS outlook represents a 10% increase over the comparable 2016 EPS results.

$LKQ {{ '2017-02-23T12:37:46+0000' | timeago}} • Announcement

$LKQ reported a 9.2% drop in 4Q16 profit, hurt by the loss from the discontinued operations. Net income was $86.3MM or $0.28 per share versus $95.1MM or $0.31 per share in the prior year quarter. Revenue rose 23% to $2.15Bil. Adjusted EPS grew 14.7% to $0.39. In Dec. 2016, $LKQ sold its OEM glass manufacturing business to Vitro SAB for $310MM.

$LKQ {{ '2016-12-19T14:01:17+0000' | timeago}} • Announcement

As part of the deal to sell its OEM glass manufacturing business to Vitro S.A.B. de C.V., $LKQ and Vitro have entered into a multi-year supply agreement pursuant to which $LKQ’s ongoing aftermarket glass distribution business will purchase a specified amount of its automotive glass from Vitro at specified prices.

$LKQ {{ '2016-12-19T14:00:43+0000' | timeago}} • Announcement

$LKQ has agreed to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary to a subsidiary of Vitro S.A.B. de C.V., a Mexican glass manufacturer. The sale price is $310MM and the transaction is expected to be completed in 1Q17, subject to regulatory approvals.

$LKQ {{ '2016-11-28T12:24:50+0000' | timeago}} • Announcement

Automobile alternative and specialty parts provider $LKQ announced the acquisition of an equity interest in Mekonomen AB from Axel Johnson AB. Under the terms of the agreement, $LKQ will acquire a 26.5% equity interest in Mekonomen AB from Axel Johnson AB. The acquisition is expected to close in early Dec.

$LKQ {{ '2016-10-28T00:02:54+0000' | timeago}} • Webcast

$LKQ ended 3Q16 with approx. $272MM in cash, of which $226MM was held outside of the US. The company has roughly $3.3Bil of total debt outstanding. Net debt was approx. $3Bil.

$LKQ {{ '2016-10-27T23:42:24+0000' | timeago}} • Webcast

$LKQ's Specialty segment posted YoverY total revenue growth of 9.9% in 3Q16 and organic revenue growth of 3.7%. The company believes the modest organic growth was related to the overall specialty market facing an unfavorable mix shift as certain key product areas witnessed model year changes.

$LKQ {{ '2016-10-27T23:35:59+0000' | timeago}} • Webcast

During 3Q16, organic revenue growth for $LKQ’s parts and services business was 2.1% which was below expectations. For the North American aftermarket business, the company continues to see improvements in its total collision SKU offerings as well as the total number of certified parts available, each growing 12% and 17% respectively YoverY.

$LKQ {{ '2016-10-27T16:57:04+0000' | timeago}} • Announcement

$LKQ cut its 2016 outlook based on higher scrap prices and exchange rates. The company now expects 2016 adj EPS of $1.78 to $1.84, down from its prior outlook of $1.79 to $1.87. Organic revenue growth for parts and services is expected to be 4.5-5.0%, down from the previous range of 5.5-7.0% growth.

$LKQ {{ '2016-10-27T16:51:07+0000' | timeago}} • Announcement

Auto parts maker $LKQ reported 3Q16 earnings of $122.7MM, an increase of 21.1% from a year ago. Earnings per share rose 21% to $0.40. Revenue rose 30% to  $2.39Bil, helped by strong demand for the company's products and services.

$LKQ {{ '2016-07-28T21:09:03+0000' | timeago}} • Webcast

$LKQ said its assumed tax rate for 2016 remains constant at 34.75%. The company's current guidance for cash flow from operations is in the range of $585-635MM, up from its previous guidance of $575-625MM. $LKQ indicated that its guidance for capital spending remains unchanged for 2016.

Recent Transcripts

SONC (Sonic Corp.)
Thursday, January 4 2018 - 10:00pm
AZO (AutoZone, Inc.)
Tuesday, December 5 2017 - 3:00pm
ULTA (ULTA Salon, Cosmetics & Fragrance, Inc.)
Thursday, November 30 2017 - 10:00pm
CPRT (Copart, Inc.)
Wednesday, November 22 2017 - 4:00pm
AAP (Advance Auto Parts Inc.)
Tuesday, November 14 2017 - 1:00pm
AXL (American Axle & Manufacturing Holdings Inc.)
Friday, November 3 2017 - 2:00pm
LYV (Live Nation Entertainment, Inc.)
Thursday, November 2 2017 - 9:00pm
ESS (Essex Property Trust Inc.)
Thursday, November 2 2017 - 4:00pm
FOXF (Fox Factory Holding Corp)
Wednesday, November 1 2017 - 8:30pm
GOOD (Gladstone Commercial Corp.)
Wednesday, November 1 2017 - 12:30pm
TOWR (Tower International, Inc.)
Monday, October 30 2017 - 3:00pm
TEN (Tenneco Inc.)
Friday, October 27 2017 - 1:00pm
DAN (Dana Holding Corporation)
Thursday, October 26 2017 - 3:00pm
BWA (BorgWarner Inc.)
Thursday, October 26 2017 - 2:00pm
LKQ (LKQ Corp.)
Thursday, October 26 2017 - 2:00pm
F (Ford Motor Co.)
Thursday, October 26 2017 - 1:00pm
AGNC (American Capital Agency Corp.)
Thursday, October 26 2017 - 12:30pm
LEA (Lear Corp.)
Wednesday, October 25 2017 - 1:00pm
SIRI (Sirius XM Holdings Inc.)
Wednesday, October 25 2017 - 12:00pm
GWW (W.W. Grainger, Inc.)
Tuesday, October 17 2017 - 3:00pm

AlphaGraphics you may like