- LKQ Corp (NASDAQ:LKQ) reported fourth-quarter FY21 sales growth of 7.8% year-on-year, to $3.19 billion, beating the analyst consensus of $3.09 billion.
- Revenue in North America rose 9.2% Y/Y, and Europe increased 4.3%.
- The gross margin for the quarter expanded 30 basis points Y/Y to 39.9%. The operating margin contracted 20 basis points to 8.8%, and operating income for the quarter rose 4.8% to $280 million.
- Adjusted EPS of $0.87 beat the analyst consensus of $0.77.
- LKQ held $274.1 million in cash and equivalents as of December 31, 2021. The operating cash flow for the year totaled $1.4 billion with a free cash flow of $1.1 billion.
- The company's quarterly cash dividend of $0.25 per share is payable on March 24, 2022, to stockholders of record on March 3, 2022.
- Outlook: LKQ sees FY22 adjusted EPS of $3.72 - $4.02, against the consensus of $4.00.
- The company expects FY22 organic revenue growth for part and services to be 3% - 5%.
- Price Action: LKQ shares are trading lower by 6.58% at $51.94 in premarket on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
LKQ Stock Slides Post Q4 Results
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks