Lkq corporation announces results for first quarter 2023

Chicago, april 27, 2023 (globe newswire) -- lkq corporation (nasdaq:lkq) today reported first quarter 2023 financial results. “overall, the first quarter was a terrific start to the year, and we remain on track to deliver on our full year guidance. our two largest segments, wholesale - north america and europe, exceeded our expectations in the quarter as our teams continue to embrace operational excellence and execute our key initiatives. our wholesale - north america segment delivered its highest first quarter parts and services organic revenue growth rate and quarterly segment ebitda margin on record, at 14.4% and 20.5%, respectively. i am also pleased with our europe segment reporting organic revenue growth of 9.7% and segment ebitda margin of 9.7%, the latter reflecting a year-over-year improvement of 90 basis points and the best first quarter performance since 2016 when it was a much smaller operation,” noted dominick zarcone, president and chief executive officer. “we are excited about the balance of the year and the pending acquisition of uni-select to strengthen our existing lkq operations.”
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