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LKQ Corp. Q3 profit climbs 10.8% YOY

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LKQ Corp. Q3 profit climbs 10.8% YOY

LKQ Corp. said its third-quarter normalized net income came to 37 cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS rose 10.5% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $115.4 million, an increase of 10.8% from $104.1 million in the year-earlier period.

The normalized profit margin declined to 4.7% from 4.7% in the year-earlier period.

Total revenue grew 11.7% on an annual basis to $2.47 billion from $2.21 billion, and total operating expenses grew 12.1% year over year to $2.26 billion from $2.02 billion.

Reported net income grew 11.7% on an annual basis to $121.2 million, or 39 cents per share, from $108.5 million, or 35 cents per share.