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LKQ Corp. Q2 profit climbs 13.3% YOY

LKQ Corp. said its normalized net income for the second quarter was 38 cents per share, compared with the S&P Capital IQ consensus estimate of 36 cents per share.

EPS climbed 12.8% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $116.4 million, a gain of 13.3% from $102.7 million in the prior-year period.

The normalized profit margin increased to 6.3% from 6.0% in the year-earlier period.

Total revenue increased 7.5% year over year to $1.84 billion from $1.71 billion, and total operating expenses climbed 7.0% on an annual basis to $1.64 billion from $1.53 billion.

Reported net income grew 15.2% on an annual basis to $119.8 million, or 39 cents per share, from $104.0 million, or 34 cents per share.