Key Developments: LKQ Corp (LKQ.OQ)

LKQ.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

LKQ Corp Raises FY 2013 Guidance
7:02am EDT 

LKQ Corp announced that it has updated its fiscal 2013 guidance and expects net income in the range of $313 million to $333 million, diluted EPS (earnings per share) in the range of $1.03 to $1.10. The Company increased organic revenue growth in the range of 8.5% to 10.5%. The Company's previous guidance for organic revenue growth was in the range of 6.5% to 8.5%. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $326 million and EPS of $1.06 for fiscal 2013.  Full Article

LKQ Corp Announces Pricing of $600 Million Senior Notes
Thursday, 2 May 2013 10:57pm EDT 

LKQ Corp announced that it priced an offering of $600 million aggregate principal amount of 4.75% senior notes due 2023, which represents an increase in aggregate principal amount from the $500 million offering of notes previously announced. It will pay interest on the notes semi-annually on May 15 and November 15 of each year, commencing on November 15, 2013. The notes will mature on May 15, 2023. The notes will be fully and unconditionally guaranteed by certain of the Company's subsidiaries. The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility and term loan facility, to pay related fees and expenses and for general corporate purposes. The offering is expected to close on or about May 9, 2013.  Full Article

LKQ Corp Finalizes Acquisition of Sator Beheer
Wednesday, 1 May 2013 11:57am EDT 

LKQ Corp announced that it has finalized its previously announced agreement to acquire Sator Beheer ("Sator"). Sator is the distributor of automotive after market parts in the Netherlands, Belgium, Luxembourg and Northern France. Headquartered in Schiedam, the Netherlands, Sator is the parent company of eight operating subsidiaries. The group has over 800 employees serving a diverse base of more than 6,000 customers and offering a broad product line of over 150,000 SKUs from eleven distribution centers.  Full Article

LKQ Corp to Offer $500 Million Senior Unsecured Notes
Monday, 29 Apr 2013 09:11am EDT 

LKQ Corp announced that it intends to privately offer, subject to market and other conditions, $500 million in aggregate principal amount of senior unsecured notes. The notes will be fully and unconditionally guaranteed by certain of the Company's subsidiaries. The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility, to pay related fees and expenses and for general corporate purposes.  Full Article

LKQ Corp Reaffirms FY 2013 Earnings Guidance; Raises FY 2013 Organic Revenue Guidance
Thursday, 25 Apr 2013 02:00am EDT 

LKQ Corp reaffirmed fiscal 2013 guidance and expects net income in the range of $305-$330 million, diluted EPS (earnings per share) in the range of $1.00-$1.09. The Company increased organic revenue growth in the range of 6.5%-8.5%. The Company's previous guidance for organic revenue growth was in the range of 5.5%-7.5%. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $319 million and EPS of $1.06 for fiscal 2013.  Full Article

LKQ Corp Issues FY 2013 Earnings Guidance In Line With Analysts' Estimates
Thursday, 28 Feb 2013 08:00am EST 

LKQ Corp announced that it expects net income $305 million to $330 million and Diluted EPS $1.00 to $1.09 in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $327 million and EPS of $1.08 for fiscal 2013.  Full Article

LKQ Corp Reaffirms FY 2012 Guidance
Wednesday, 7 Nov 2012 07:00am EST 

LKQ Corp updated fiscal 2012 guidance and expects organic revenue growth in the range of 6.0% to 7.0%, compared to prior guidance of 5.5% to 7.0%. Net income is expected to be in the range of $265-$272 million, compared to prior guidance of $265-$282 million. Diluted earnings per share (EPS) in the range of $0.88 to $0.91, compared to prior guidance of $0.88-$0.94. The Company reported revenues of $3.270 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $4.13 billion, net income of $272 million and EPS of $0.91 for fiscal 2012.  Full Article

LKQ Corp Raises Low End Of Prior FY 2012 Organic Revenue Guidance; Lowers High End Of Prior FY 2012 Earnings Guidance
Thursday, 25 Oct 2012 07:30am EDT 

LKQ Corp updated fiscal 2012 guidance and expects organic revenue growth in the range of 6.0% to 7.0%, compared to prior guidance of 5.5% to 7.0%. Net income is expected to be in the range of $265-$272 million, compared to prior guidance of $265-$282 million. Diluted earnings per share (EPS) in the range of $0.88 to $0.91, compared to prior guidance of $0.88-$0.94. The Company reported revenues of $3.270 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $4.14 billion, net income of $272 million and EPS of $0.91 for fiscal 2012.  Full Article

LKQ Corporation Raises Low End Of Prior FY 2012 Guidance
Thursday, 26 Jul 2012 07:30am EDT 

LKQ Corporation updated guidance for fiscal 2012. The Company expects organic revenue growth of 5.5% to 7%, net income of $265 million to $282 million and diluted EPS of $1.77-$1.88. This compares to prior guidance range of organic revenue growth of 5% to 7%, net income of $262 million to $282 million and diluted EPS of $1.75-$1.88. The Company reported revenues of $3.270 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $4.072 billion, net income of $279 million and EPS of $1.85s for fiscal 2012.  Full Article

LKQ Corporation Lowers FY 2012 Organic Revenue Growth Guidance; Raises FY 2012 Earnings Guidance
Thursday, 26 Apr 2012 07:31am EDT 

LKQ Corporation updated fiscal 2012 guidance based on current conditions and excluding restructuring expenses and any gains or losses related to acquisitions or divestitures (including changes in the fair value of contingent consideration liabilities), the Company now anticipates organic revenue growth from parts and services will be in the range of 5.0% to 7.0%, net income will be in the range of $262 million to $282 million and diluted earnings per share (EPS) will be in the range of $1.75 to $1.88. The revised guidance includes $0.03 per share from the legal settlement gain recognized in the first quarter 2012. The Company's previous guidance was 5.5% to 7.5% for organic revenue growth for parts and services, $258 million to $278 million for net income, and $1.72 to $1.85 for diluted earnings per share. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $267 million and EPS of $1.80 for fiscal 2012.  Full Article

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