LKQ Corp. said its normalized net income for the first quarter amounted to 35 cents per share, compared with the S&P Capital IQ consensus estimate of 31 cents per share.
EPS increased 7.4% year over year from 33 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $108.6 million, an increase of 7.9% from $100.7 million in the prior-year period.
The normalized profit margin dropped to 6.1% from 6.2% in the year-earlier period.
Total revenue climbed 9.1% year over year to $1.77 billion from $1.63 billion, and total operating expenses increased 9.2% year over year to $1.58 billion from $1.45 billion.
Reported net income increased on an annual basis to $107.4 million, or 35 cents per share, from $103.9 million, or 34 cents per share.
