Thu, Jul 25, 7:22 PM (44 days ago)
LKQ Corporation's Q2 2024 financial report shows a revenue increase of 7.6% YoY to $3,711 million, driven by acquisitions, notably Uni-Select, despite a 2.1% organic revenue decline. Cost of goods sold rose to 61.2% of revenue, up from 59.0%, due to higher supplier costs and unfavorable product mix. SG&A expenses decreased slightly to 26.3% of revenue. Restructuring and transaction-related expenses surged to $49 million, primarily from the 2024 Global Restructuring Plan. Depreciation and amortization increased to $87 million due to recent acquisitions. Interest expense rose to $66 million, reflecting higher debt levels and rates. The effective tax rate increased to 30.9%, impacted by restructuring-related impairments. Segment EBITDA remained stable at $484 million, with notable contributions from acquired businesses. The company maintains strong liquidity with $1,428 million available, supported by robust cash flows and credit facilities.