LKQ Corp (BSP:L1KQ34)

R$ 216.48 0 (0%) Market Cap: 56.28 Bil Enterprise Value: 88.15 Bil PE Ratio: 14.05 PB Ratio: 1.58 GF Score: 85/100

Q3 2024 LKQ Corp Earnings Call Transcript

Oct 24, 2024 / 12:00PM GMT

Release Date Price: R$223.51

Transcript 10-Q8-K

Key Points

Positve

LKQ Corp (LKQ) repurchased 3 million shares for approximately $125 million, with plans to continue share repurchases, indicating confidence in future performance.
The company increased its share repurchase authorization by an additional $1 billion, extending through October 2026.
Adjusted diluted earnings per share increased by 2% compared to Q3 last year, with segment EBITDA margin improving by 30 basis points.
Europe posted double-digit EBITDA margins for the second straight quarter, showing resilience in challenging macroeconomic conditions.
LKQ Corp (LKQ) maintained its free cash flow target of approximately $850 million, demonstrating strong cash flow management despite economic headwinds.

Negative

North America and Specialty segments reported lower-than-expected revenue due to economic and industry headwinds.
Organic revenue in North America declined by 7.5% per day, driven largely by aftermarket and paint volumes.
The company faced significant headwinds from hurricanes and a dock worker strike, impacting operations and revenue.
Specialty segment's organic revenue was down 10% on a per day basis, attributed to economic conditions and lower vehicle and RV sales.
The company adjusted its full-year guidance downward due to greater-than-anticipated drops in repairable claims and ongoing economic challenges.

Operator

Good morning, everyone, and welcome to the LKQ Corporation's third quarter 2024 earnings call. My name is Lydia and will be your operator today. (Operator Instructions)

I'll now hand you over to Joseph Boutross, Vice President, Investor Relations. To begin, please go ahead.

Joseph Boutross

LKQ Corp - Vice President, Investor Relations

Thank you, operator. Good morning, everyone, and welcome to LKQ's third quarter 2024 earnings conference call. With us today are Justin Jude, LKQ's President and Chief Executive Officer; and Rick Galloway, Senior Vice President and Chief Financial Officer. Please refer to the LKQ website at lkqcorp.com for our earnings release issued this morning as well as the accompanying slide presentation for this call.

Now let me quickly cover the safe harbor. Some of the statements that we make today may be considered forward-looking. These include statements regarding our expectations, beliefs, hopes, intentions or strategies. Actual events or results may differ materially from those expressed or implied in the forward

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.