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LKQ 资讯
LKQ 事件
LKQ Corp. Stock Drops 18.3% to $21.56
LKQ Corp. is down -18.3%, or -$4.83 to $21.56.
Company Reports Q2 Revenue of $3.41B, Below Expectations
Reports Q2 revenue $3.41B, consensus $3.48B. "Our second-quarter performance reflected solid execution across our North America and Specialty segments. North America returned to positive organic growth for the first time in nine quarters, driven by record alternative-parts utilization of over 40%, moderating insurance premiums that were negative in May and June, and continued sequential improvement in repairable claims. Specialty also delivered growth despite a challenging end-market environment and continued macro-economic pressure on consumers. Europe fell short of expectations, with results affected by the ERP implementation in Germany. Outside of the ERP impact, the team delivered substantial cost reductions that largely offset the lower volumes we witnessed in the UK and Benelux regions. Overall, the fundamentals of our business are improving, and as market conditions continue to recover, we expect those operational gains to translate into stronger financial performance and profitability in the quarters ahead," commented Justin Jude, President and Chief Executive Officer.
Company Cuts FY26 Organic Revenue Outlook to Down 1%-3%
Consensus $2.97. Cuts FY26 organic revenue view to down 1%-3% from down 0.5% to up 1.5%. "Second-quarter results reflected improving trends in North America and resilient demand in Specialty, offset by a slower-than-expected recovery following the ERP implementation in Germany. North America remains on track against its full-year plan, and Specialty's revenue performance has been consistent with our expectations. Our revised outlook reflects a more measured pace of recovery in Europe, while we maintain a disciplined focus on cost management, cash generation and capital allocation. The actions underway in Europe are focused on restoring service levels, aligning the cost structure with current demand and translating operational improvement into stronger financial performance," stated Rick Galloway, Senior Vice President and Chief Financial Officer.
Company Confirms FY26 Operating Cash Flow Outlook of $900M to $1.1B
Backs FY26 operating cash flow view $900M-$1.1B. Backs FY26 free cash flow view $700M-$850M. "We are seeing improving performance trends across our global footprint, with continued strength in North America and early signs of stabilization in Europe. We are continuing to implement productivity and restructuring initiatives intended to help mitigate the impact of ongoing macroeconomic and cost pressures. Based on our performance to date, we remain focused on executing against our full year 2026 outlook," stated Rick Galloway, Senior Vice President and Chief Financial Officer.
Company Reports Q1 Revenue of $3.47B, Beating Expectations
Reports Q1 revenue $3.47B, consensus $3.39B. "We are operating in a challenging environment and are focused on improving our results. Our teams are taking deliberate actions to reduce costs, streamline operations while taking market share, and position ourselves for success going forward as the environment improves. In North America, our business held up well in the quarter with above market growth, and we're starting to see signs of recovery in the market. In Europe, we saw continual improvements through the quarter, and we're continuing to work on integration. In early April, we took a large step forward with an ERP migration in a major market that is part of our overall operational improvement initiatives. But there is more work to do. We are operating with urgency and focused on execution, improving our customer relationships, and strengthening the business to create value for our shareholders," commented Justin Jude, President and Chief Executive Officer.
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