Quarterly ResultApr 30, 2026, 07:37 AM
LKQ Q1 Revenue +4.3% to $3.47B; Diluted EPS $0.30; Strategic Review
AI Summary
LKQ Corporation reported Q1 2026 revenue of $3.47 billion, a 4.3% increase year-over-year. However, diluted EPS fell 50.8% to $0.30, primarily due to a $44 million impairment on an equity method investment. The Board initiated a comprehensive review of strategic alternatives to enhance shareholder value and declared a quarterly cash dividend of $0.30 per share. The company also lowered its 2026 diluted EPS outlook while maintaining its adjusted diluted EPS guidance.
Key Highlights
- Board initiated a comprehensive review of strategic alternatives to enhance shareholder value.
- Q1 2026 revenue increased 4.3% to $3.47 billion from $3.33 billion in Q1 2025.
- Q1 2026 diluted EPS decreased 50.8% to $0.30 from $0.61, impacted by a $44 million impairment.
- Q1 2026 adjusted diluted EPS decreased 9.5% to $0.67 from $0.74.
- North America revenue was $1.44 billion (+0.4%) and Europe revenue was $1.62 billion (+6.5%).
- Q1 2026 cash flow from operations was negative $56 million and free cash flow was negative $96 million.
- Declared a Q2 2026 cash dividend of $0.30 per share, distributing $77 million in Q1.
- Lowered 2026 diluted EPS outlook to $2.16-$2.46, while adjusted diluted EPS outlook remained unchanged.
Price Impact
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