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LKQ Corp. Q3 profit climbs 11.1% YOY

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LKQ Corp. Q3 profit climbs 11.1% YOY

LKQ Corp. said its third-quarter normalized net income was 32 cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.

EPS increased 10.5% year over year from 29 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $99.1 million, an increase of 11.1% from $89.2 million in the year-earlier period.

The normalized profit margin climbed to 5.4% from 5.2% in the year-earlier period.

Total revenue increased 6.4% on an annual basis to $1.83 billion from $1.72 billion, and total operating expenses rose 6.4% year over year to $1.66 billion from $1.56 billion.

Reported net income increased 10.5% on an annual basis to $101.6 million, or 33 cents per share, from $91.9 million, or 30 cents per share.