Our outlook is also based on management’s current expectations regarding the recovery from the coronavirus outbreak and the impact of the United Kingdom’s exit from the European Union. In addition, not all companies that report revenue growth on a constant currency basis calculate such measure in the same manner as we do and, accordingly, our calculations are not necessarily comparable to similarly-named measures of other companies and may not be appropriate measures for performance relative to other companies. This financial measure is included in the metrics used to determine incentive compensation for our senior management. Commerce Policy | LIST OF SUBSIDIARIES OF . LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. The constant currency presentation, which is a non-GAAP financial measure, excludes the impact of fluctuations in foreign currency exchange rates. LKQ Corporation was founded in 1998 and is headquartered in Chicago, Illinois. Our adjustment of the amortization of all acquisition-related intangible assets does not exclude the amortization of other assets, which represents expense that is directly attributable to ongoing operations. These factors include the following (not necessarily in order of importance): Contact:Joseph P. Boutross - Vice President, Investor RelationsLKQ Corporation(312) 621-2793jpboutross@lkqcorp.com, LKQ CORPORATION AND SUBSIDIARIESUnaudited Consolidated Statements of Income, with Supplementary Data (In thousands, except per share data), LKQ CORPORATION AND SUBSIDIARIESUnaudited Consolidated Balance Sheets(In thousands, except share and per share data), LKQ CORPORATION AND SUBSIDIARIESUnaudited Consolidated Statements of Cash Flows(In thousands). It's one of the leading aftermarket parts suppliers in the US through subsidiary Keystone Automotive. We believe free cash flow is used by investors, securities analysts and other interested parties in evaluating the liquidity of other companies, many of which present free cash flow when reporting their results. We calculate Segment EBITDA as EBITDA excluding restructuring and acquisition related expenses (which includes restructuring expenses recorded in Cost of goods sold); change in fair value of contingent consideration liabilities; other gains and losses related to acquisitions, equity method investments or divestitures; equity in losses and earnings of unconsolidated subsidiaries; and impairment charges. Refer to the discussion of Adjusted Net Income and Adjusted Diluted Earnings per Share from Continuing Operations Attributable to LKQ Stockholders for details on the calculation of these non-GAAP financial measures. An online replay of the audio webcast will be available on the Company's website. Please allow approximately two hours after the live presentation before attempting to access the replay. Net leverage, as defined in our credit facility, decreased to 1.9x EBITDA. The ESG Ratings model is based on a carefully crafted and applied list of KeyMetrics® that result in an overall ESG concern level as expressed by Red (High Concern), Yellow (Average Concern), and Green (Low Concern) flags. We use Segment EBITDA to compare profitability among our segments and evaluate business strategies. (b) Non-GAAP measure. You should not place undue reliance on our forward-looking statements. . ESG ratings enable you to leverage independent ESG research to evaluate how companies are managing ESG risks and addressing ESG opportunities. Please use Advanced Chart if you want to display more than one. Download the latest version of Internet Explorer. effects on our business from the disruption to economic activity caused by the COVID-19 pandemic, including a substantial decrease in the demand for our products and services, interruptions to supply chains, and the inability of customers to pay for products and services; employment-related issues arising from the COVID-19 pandemic, including employment law claims resulting from the layoffs and furloughs of employees to reduce costs during the period of decreased demand, increased healthcare costs, workforce shortages, and health and safety issues at the workplace; changes in economic, political and social conditions in the U.S. and other countries in which we are located or do business, including the U.K. withdrawal from the European Union (also known as Brexit), and the impact of these changes on our businesses, the demand for our products and our ability to obtain financing for operations; increasing competition in the automotive parts industry, including parts sold on online marketplaces and the potential competitive advantage to original equipment manufacturers ("OEMs") with "connected car" technology, as well as the various efforts by OEMs to restrict or prohibit the sale of aftermarket or recycled parts; changes to our business relationships with insurance companies or changes by insurance companies to their business practices relating to the use of our products as well as changes in the level of acceptance and promotion of alternative automotive parts by insurance companies and vehicle repairers; restrictions or prohibitions on selling or importing aftermarket products through enforcement by OEMs or governmental agencies of intellectual property rights or import laws; variations in the number of vehicles manufactured and sold, vehicle accident rates, miles driven, and the age profile of vehicles in accidents, the increase of accident avoidance systems being installed in vehicles, the potential loss of sales of certain mechanical parts due to the rise of electric vehicle sales, or changes in the demand for our products and the supply of our inventory due to severity of weather and seasonality of weather patterns; fluctuations in the prices of fuel, scrap metal and other commodities; changes in our relationships with our suppliers, disruption to our supply of inventory, or the misconduct, performance failures or negligence of our third party vendors or service providers could increase our expenses, impede our ability to serve our customers, or expose us to liability; as well as price increases, interruptions or disruptions to the supply of vehicle parts from aftermarket suppliers and vehicles from salvage auctions; if our goodwill or other intangible assets become impaired, or there are declines in the values of our assets, including as a result of the effects of the COVID-19 pandemic on our business, we may incur significant charges to our pre-tax income; product liability claims by the end users of our products or claims by other parties who we have promised to indemnify for product liability matters and costs associated with recalls of the products we sell; our ability to identify acquisition candidates at reasonable prices and our ability to successfully divest underperforming businesses and our ability to integrate, realize expected synergies, and successfully operate acquired companies and any companies acquired in the future, and the risks associated with these companies; our ability to satisfy our debt obligations and to operate within the limitations imposed by financing arrangements, including the possibility of not satisfying one or more of the financial covenants in our credit facility or the terms of the indentures governing our senior notes; our senior notes are subject to risks that could affect the value of the notes, require holders of the notes to return payments received from us or the guarantors, or affect our ability to repurchase the notes upon a change of control or pursuant to an asset sale offer; our ability to obtain financing on acceptable terms to finance our growth; changes in laws or regulations affecting our business; our operations are subject to environmental regulations and we may incur costs relating to environmental matters; Our bylaws provide that the courts in the State of Delaware are the exclusive forums for substantially all disputes between us and our stockholders; changes to applicable U.S. and foreign tax laws, changes to interpretations of tax laws, and changes in our mix of earnings among the jurisdictions in which we operate; the implementation of a border tax or tariff on imports and the negative impact on our business due to the amount of inventory we import; governmental agencies may refuse to grant or renew our operating licenses and permits for our salvage, self service and refurbishing businesses; loss of key management personnel may affect our ability to successfully manage our business and achieve our objectives; the risks associated with operating in foreign jurisdictions, including foreign laws and economic and political instabilities and currency fluctuations in the U.S. dollar, pound sterling and euro versus other currencies; additional unionization efforts, new collective bargaining agreements, and work stoppages; our ability to develop and implement the operational and financial systems needed to manage our operations; and interruptions, outages or breaches of our operational systems, security systems, or infrastructure as a result of attacks on, or malfunctions of, our systems; costs of complying with laws relating to the security of personal information; business interruptions affecting our distribution centers, computer systems and the availability of inventory; problems with our fleet of trucks and other vehicles could affect our business; potential losses of our right to operate at key locations if we are not able to negotiate lease renewals or due to environmental issues; and. Join us for In the Money with options strategist and CNBC contributor Dan Nathan for a weekly take on If your search is not returning any results, double-check your … Made In NYC | A true destination practice, the majority of matters handled by the 13-partner team, which is run out of London by the … For the fourth quarter of 2020, parts and services organic revenue decreased 5.2% (6.1% on a per day basis), while the net impact of acquisitions and divestitures decreased revenue 0.8% and foreign exchange rates increased revenue 2.7%, for a total parts and services revenue decline of 3.3%. Watch now. The following table shows how many Trader Points you will receive for each instrument by trading an amount of AU$1,500. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov. Unlike traditional ESG risk models, MSCI's rating methodology is designed to identify risks most likely to affect equity valuations. This release contains and management’s presentation on the related conference call will refer to non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Cash flow from operations totaled $309 million during the fourth quarter of 2020, for a year-to-date total of $1.4 billion. Net debt should not be construed as an alternative to total debt, as determined in accordance with accounting principles generally accepted in the United States. The company distributes… About LKQ. Individual company scores are then assigned as a percentile rank, ranging from 1 (worst ranked) to 100 (best) on the basis of these KeyMetrics® and then converted to the Red, Yellow or Green flag designation. Constant currency revenue results are calculated by translating prior year revenue in local currency using the current year's currency conversion rate. the market. United States of America. Environmental, Social, and Governance (ESG) Flags: MSCI Ratings publishes Environmental, Social and Governance (ESG) ratings on over 6,000 companies worldwide. You should conduct research and perform a thorough investigation as to the characteristics of any securities you intend to purchase. Where is FL's stock going now? We calculate EBITDA as net income attributable to LKQ stockholders excluding discontinued operations and discontinued noncontrolling interest, depreciation, amortization, interest (which includes gains and losses on debt extinguishment) and income tax expense. Praised by one client for its 'strong ability to corral bondholders with different agendas and well supported by New York colleagues', Akin Gump LLP excels in advising creditors, including hedge and pension funds, in complex multi-party restructuring mandates. Monitor earnings expectations over the past three quarters and model a stock's price based on its P/E. There may also be analyst count variations for symbols with multiple share classes and ADRs. Improving revenue trends combined with our improving cost structure should drive increased profitability relative to 2020 and contribute to another strong year of cash generation.”. Diluted earnings per share1 for the fourth quarter was $0.59 as compared to $0.46 for the same period of 2019, an increase of 28.3%. Adjusted diluted earnings per share1 for the fourth quarter was $0.69 as compared to $0.54 for the same period of 2019, a 27.8% increase. Saving this view will overwrite your previously saved view. Press down arrow for suggestions, or Escape to return to entry field. As of December 31, 2020, LKQ’s balance sheet reflected total debt, net of debt issuance costs, of $2.9 billion and net debt of $2.6 billion, the lowest net debt level since the fourth quarter of 2015. The following unaudited table reconciles Net Income and Diluted Earnings per Share to Adjusted Net Income from Continuing Operations Attributable to LKQ Stockholders and Adjusted Diluted Earnings per Share from Continuing Operations Attributable to LKQ Stockholders, respectively: We have presented Adjusted Net Income and Adjusted Diluted Earnings per Share from Continuing Operations Attributable to LKQ Stockholders as we believe these measures are useful for evaluating the core operating performance of our continuing business across reporting periods and in analyzing our historical operating results. Plus500. Save time on research by getting an overall assessment of a company's valuation, quality, growth stability, and financial health. It operates in three segments: North America, Europe, and Specialty. LKQ Parts Guide Text goes here. Trader Points (TPoints) Example: If you open a position on ASX 200 and buy a position worth of AU$52,000, you will receive 18.03 TPoints as in the table Each AU$1,500 is worth 0.52 TPoints. Aftermarket Parts Search Text goes here. (2) The sum of the individual revenue change components may not equal the total percentage change due to rounding. 1 References to Net income and Diluted earnings per share, and the corresponding adjusted figures, in this release reflect amounts from continuing operations attributable to LKQ stockholders. The following unaudited table compares revenue and Segment EBITDA by reportable segment: We have presented Segment EBITDA solely as a supplemental disclosure that offers investors, securities analysts and other interested parties useful information to evaluate our segment profit and loss and underlying trends in our ongoing operations. Specifically, these ratings reflect actual corporate behaviors rather than policies or affirmations of intent to adhere to best ESG practices. This generated report* compiles independent, third-party information highlighting key fundamental and technical data, analyst opinions, stock price movement, earnings data, and industry comparisons. LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The following unaudited tables reconcile Gross Margin to Adjusted Gross Margin: We have presented adjusted gross margin solely as a supplemental disclosure that offers investors, securities analysts and other interested parties useful information to evaluate the operating performance of our continuing business across reporting periods and in analyzing our historical operating results. For example, when looking for the Wisconsin Hospital Association, type in “hospital”. Organic revenue growth includes incremental sales from both existing and new (i.e., opened within the last twelve months) locations and is derived from expanding business with existing customers, securing new customers and offering additional products and services. It also operates self-service retail operations under the LKQ Pick Your Part name; and designs, manufactures, and markets vehicle equipment and accessories. It operates in three segments: North America, Europe, and Specialty. In the calculation of forecasted Adjusted Net Income and forecasted Adjusted Diluted Earnings per Share from Continuing Operations Attributable to LKQ Stockholders, we included estimates of income from continuing operations attributable to LKQ stockholders, amortization of acquired intangibles for the full fiscal year 2021, restructuring expenses under previously announced plans and the related tax effect; we did not estimate amounts for any other components of the calculation for the year ending December 31, 2021. See insights on LKQ including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Log in for real time quote. Corporate general and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based on the segment's percentage of consolidated revenue. *Generated reports are built dynamically when you select them. As we look to the year ahead, I am confident that the strength of our operations, balance sheet and free cash flow all position LKQ for solid growth and value creation for our stakeholders.”, Fourth Quarter and Full Year 2020 Financial Results. Class A CDL - Dedicated Truck Driver WestRock.
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