greeksoup/ stock research
Stock research / United States / LKQ / Q3 FY2023

LKQ (LKQ) Q3 FY2023 earnings: revenue $3.6 billion, up 14.9% on the year

LKQ Corp. (LKQ) reported revenue of $3.6 billion for Q3 FY2023, the quarter ended 30 September 2023, up 14.9% on the same quarter a year earlier. Net income was $208 million, down 20.6% on the year, and diluted earnings per share $0.78. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2023.

Revenue$3.6 billionup 14.9%
Net income$208 milliondown 20.6%
Diluted EPS$0.78
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue3,568n/an/an/a
Cost of revenue2,178n/an/an/a
Gross profit1,390n/an/an/a
Gross margin39.0%n/an/a
Selling, general and administrative979n/an/an/a
Operating income308n/an/an/a
Operating margin8.6%n/an/a
Interest expense-62.0n/an/an/a
Pre-tax income263n/an/an/a
Income tax60.0n/an/an/a
Effective tax rate22.8%n/an/a
Net income208n/an/an/a
Net margin5.8%n/an/a
Diluted EPS$0.78n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow441n/an/an/a
Capital expenditure97.0n/an/an/a
Free cash flow344n/an/an/a
Free cash flow margin9.6%n/an/a
Cash from investing-2,204n/an/an/a
Cash from financing292n/an/an/a
Depreciation and amortisation84.0n/an/an/a
Share-based compensation9.0n/an/an/a
Buybacks0.0n/an/an/a
Dividends paid74.0n/an/an/a
Diluted shares, weighted268mn/an/an/a
Shares outstanding at period end268mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity5,958n/an/an/a
Non-controlling interest15.0n/an/an/a
Redeemable equity24.0n/an/an/a
Debt4,337n/an/an/a
Operating lease liabilities1,144n/an/an/a
Other liabilities3,690n/an/an/a
Total liabilities and equity15,168n/an/an/a
Fixed assets1,427n/an/an/a
Goodwill5,548n/an/an/a
Intangible assets1,176n/an/an/a
Cash and equivalents401n/an/an/a
Receivables1,301n/an/an/a
Inventory2,998n/an/an/a
Other assets2,317n/an/an/a
Total assets15,168n/an/an/a

Questions

What was LKQ's revenue in Q3 FY2023?

LKQ (LKQ) reported revenue of $3.6 billion for Q3 FY2023, the quarter ended 30 September 2023, up 14.9% on the same quarter a year earlier.

How much did LKQ earn in Q3 FY2023?

Net income for Q3 FY2023 was $208 million, down 20.6% on the year, and diluted earnings per share $0.78.

When did LKQ report Q3 FY2023 results?

LKQ filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 27 October 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue3,5683,5013,7033,7113,4533,3573,3273,5133,499n/a3,4693,408
Cost of revenue2,1782,1022,2512,2702,1152,0322,0142,1572,158n/a2,1382,087
Gross profit1,3901,3991,4521,4411,3381,3251,3131,3561,341n/a1,3311,321
Gross margin39%40%39%39%39%39%39%39%38%n/a38%39%
SG&A9791,0221,044976931925949958958n/a994990
Operating income308277289329299271267299274n/a217225
Operating margin9%8%8%9%9%8%8%9%8%n/a6%7%
Interest expense-62.0-64.0-64.0-66.0-66.0-84.0-62.0-63.0-55.0n/a-53.0-55.0
Pre-tax income263222231266246209220252223n/a167180
Tax rate23%19%31%31%25%27%28%27%20%n/a26%27%
Net income208178158186192157169193180n/a79.0136
Net margin6%5%4%5%6%5%5%5%5%n/a2%4%
Diluted EPS$0.78$0.66$0.59$0.70$0.73$0.60$0.65$0.75$0.70n/an/a$0.53
Operating cash flow441212253213420235-3.0296440n/a-56.0111
Capital expenditure97.012566.080.079.086.054.053.053.0n/a40.051.0
Free cash flow34487.0187133341149-57.0243387n/a-96.060.0
Buybacks0.030.030.012512580.040.039.040.0n/a1.052.0
Dividends paid74.080.081.080.079.078.078.078.078.0n/a77.077.0
Shares outstanding268m267m267m264m261m259m258m257m256m255m255m253m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 27 October 2023, accession 0001065696-23-000102: the filing on EDGAR. All of LKQ Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install