LKQ Reports Record Results
August 2, 2013—LKQ Corporation reported a record $1.25 billion in revenue for the second quarter of 2013, an increase of 24.4 percent over last year’s $1.01 billion second-quarter total.
Net income totaled at $76 million, an increase of 18.3 percent.
Though LKQ’s share dropped 1 cent, the company said it was a cause of restructuring and acquisition related expenses and a loss on debt extinguishment. The company acquired Sator, a distributor of automotive aftermarket parts overseas, in May.