Quarterly ResultApr 30, 2026, 07:02 AM
LKQ Initiates Strategic Review; Q1 Revenue $3.47B, EPS $0.30
AI Summary
LKQ Corporation reported Q1 2026 financial results, with revenue increasing 4.3% to $3.47 billion. Net income decreased significantly to $77 million, or $0.30 diluted EPS, down 50.8% year-over-year, partly due to a $44 million impairment. The Board initiated a comprehensive review of strategic alternatives to enhance shareholder value, retaining BofA Securities and Goldman Sachs. The company also declared a quarterly cash dividend of $0.30 per share and reaffirmed its full-year 2026 outlook for organic revenue growth, operating cash flow, and free cash flow, though diluted EPS guidance was updated downwards.
Key Highlights
- Board initiated comprehensive review of strategic alternatives to enhance shareholder value.
- Q1 2026 Revenue increased 4.3% to $3,469 million from $3,327 million YoY.
- Q1 2026 Net income decreased to $77 million from $158 million YoY.
- Q1 2026 Diluted EPS was $0.30, down 50.8% from $0.61 YoY.
- Adjusted diluted EPS was $0.67, down 9.5% from $0.74 YoY.
- Cash flow from operations was negative $56 million; free cash flow negative $96 million.
- Declared quarterly cash dividend of $0.30 per share, payable June 4, 2026.
- Updated 2026 diluted EPS outlook to $2.16-$2.46 from $2.35-$2.65.