Quarterly ResultJul 30, 2026, 07:41 AM
LKQ Q2 Revenue $3.4B, EPS $0.52; Lowers 2026 Outlook
AI Summary
LKQ Corporation reported a 3.0% decrease in Q2 2026 revenue to $3.4 billion and a 27.8% drop in diluted EPS to $0.52, compared to the prior year. While North America showed positive organic growth, Europe's performance was negatively affected by an ERP implementation. The company also significantly lowered its full-year 2026 financial outlook across all key metrics, including organic revenue growth and adjusted diluted EPS, citing a slower recovery in Europe. A strategic review process, exploring alternatives for the Specialty segment and the entire company, is ongoing.
Key Highlights
- Q2 2026 revenue decreased 3.0% to $3.4 billion.
- Q2 2026 diluted EPS fell 27.8% to $0.52.
- North America segment revenue grew 0.5% to $1.371 billion, with positive organic growth.
- Europe segment revenue decreased 9.6% to $1.447 billion, impacted by ERP implementation.
- Company lowered 2026 organic revenue growth outlook to (3.0%) to (1.0%).
- 2026 adjusted diluted EPS outlook reduced to $2.60 to $2.90.
- Strategic review, including potential sale of Specialty segment, remains active.
- Repurchased $52 million of common stock and distributed $77 million in cash dividends.
Price Impact
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