Quarterly ResultApr 30, 2026, 03:44 PM
LKQ Q1 Net Income $79M, EPS $0.31; Mekonomen Impairment $44M
AI Summary
LKQ Corp reported a significant decline in Q1 2026 net income to $79 million ($0.31 EPS) from $169 million ($0.65 EPS) in Q1 2025, despite a revenue increase to $3.47 billion. The results were heavily impacted by a $44 million impairment charge on its Mekonomen equity investment and increased restructuring expenses. The company also saw a substantial increase in net cash used in operating activities and a rise in the current portion of long-term obligations.
Key Highlights
- LKQ Q1 2026 Net Income decreased 53.25% to $79M from $169M in Q1 2025.
- Basic EPS fell 52.3% to $0.31 in Q1 2026 from $0.65 in Q1 2025.
- Revenue increased 4.27% to $3.47B in Q1 2026 from $3.33B in Q1 2025.
- Recognized a $44M impairment on Mekonomen equity investment in Q1 2026.
- Restructuring expenses rose 200% to $30M in Q1 2026 from $10M in Q1 2025.
- Net cash used in operating activities worsened to $(56)M in Q1 2026 from $(3)M in Q1 2025.
- Current portion of long-term obligations surged to $532M from $32M.
- North America segment revenue was $1.44B, Europe $1.62B, Specialty $409M.
Price Impact
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