LKQ Corp. reports Q3 adjusted EPS 84c, consensus 76c

Reports Q3 revenue $3.499B, consensus $3.54B. “Our third quarter results reflect solid performance in multiple areas of the business. We delivered on our commitment to simplify the business with the divestiture of Self Service, continued to gain market share in a down market in North America, bounced back with double digit margins in Europe and achieved more than 9% organic growth in our Specialty business, all while driving solid free cash flow. This quarter exemplifies the hard work from so many LKQ teammates and I couldn’t be prouder of the team. Our positive operational performance in the quarter, coupled with a one-time tax benefit, gave us the confidence to update our full-year guidance.”