LKQ CORP
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
LKQ$20.05-2.4%Stored close · as of Nov 6, 2026
Contents
Unaudited Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2024 and 2023
Unaudited Condensed Consolidated Statements of Income
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $3,703 | $3,349 |
| Cost of goods sold | 2,251 | 1,977 |
| Gross margin | 1,452 | 1,372 |
| Selling, general and administrative expenses | 1,044 | 931 |
| Restructuring and transaction related expenses | 30 | 18 |
| Depreciation and amortization | 89 | 58 |
| Operating income | 289 | 365 |
| Other expense (income): | ||
| Interest expense | 64 | 36 |
| Gains on foreign exchange contracts - acquisition related (1) | — | (23) |
| Interest income and other income, net | (6) | (9) |
| Total other expense, net | 58 | 4 |
| Income before provision for income taxes | 231 | 361 |
| Provision for income taxes | 71 | 94 |
| Equity in (losses) earnings of unconsolidated subsidiaries | (2) | 3 |
| Net income | $158 | $270 |
| Earnings per share: | ||
| Basic | $0.59 | $1.01 |
| Diluted | $0.59 | $1.01 |
(1) Related to the Uni-Select Inc. ("Uni-Select") acquisition. Refer to Note 2, "Business Combinations" and Note 13, "Derivative Instruments and Hedging Activities" for further information.
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