April 24, 2025
- Revenue of $3.5 billion
- Organic revenue for parts and services decreased 4.3%; a decrease of 3.1% on a per day basis
- Diluted EPS of $0.65; adjusted diluted EPS of $0.79
- Returned $118 million to our stockholders; repurchased $40 million of LKQ shares and paid $78 million in dividends
- Dividend of $0.30 per share approved to be paid in the second quarter of 2025
ANTIOCH, TN — LKQ Corporation reported first quarter 2025 financial results. “We are pleased with our first-quarter performance and are driven to sustain this momentum as we advance our operational excellence initiatives and generate long-term value despite market uncertainties. By embracing these initiatives, even with lower demand, the team’s unwavering focus on optimizing the Company’s cost structure is reflected in our year-over-year EBITDA percentage growth” stated Justin Jude, President and Chief Executive Officer. “We have formed a dedicated tariff task force comprised of leaders from across our global enterprise to proactively prepare for and navigate the potential opportunities or disruptions that could be caused by the ever-changing tariff landscape.”
First Quarter 2025 Financial Results
Revenue for the first quarter of 2025 was $3.5 billion, a decrease of 6.5% compared to $3.7 billion for the first quarter of 2024. Parts and services organic revenue decreased 4.3% (3.1% decrease on a per day basis), the net impact of acquisitions and divestitures decreased revenue by 0.9%, and foreign exchange rates decreased revenue by 1.6% year over year, for a total parts and services revenue decrease of 6.8%.
Net income was $169 million compared to $158 million for the same period of 2024. Diluted earnings per share was $0.65 compared to $0.59 for the same period of 2024, an increase of 10.2%.
On an adjusted basis, net income was $204 million compared to $220 million for the same period of 2024, a decrease of 7.3%. Adjusted diluted earnings per share was $0.79 compared to $0.82 for the same period of 2024, a decrease of 3.7%.
Cash Flow and Balance Sheet
Cash flow from operations and free cash flow were negative $3 million and negative $57 million, respectively, for the first quarter of 2025. As of March 31, 2025, the balance sheet reflected total debt of $4.4 billion and total leverage, as defined in our credit facility, was 2.5x EBITDA.
Stock Repurchase and Dividend Programs
During the first quarter of 2025, the Company invested approximately $40 million to repurchase 1.0 million shares of its common stock and distributed $78 million in cash dividends. Since initiating the stock repurchase program in late October 2018, the Company has repurchased approximately 65.5 million shares of its common stock for a total of $2.8 billion through March 31, 2025. An aggregate balance of $1.7 billion remains for potential additional stock repurchases through October 25, 2026. On April 22, 2025, the Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock, payable on May 29, 2025, to stockholders of record at the close of business on May 15, 2025.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
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For additional details, including financial and supplementary data, view the full Press Release on the LKQ website.
