LKQ Corp., parent company of NTP-STAG, reports revenue in the first quarter of $3.3 billion, a 5.6 percent increase over a year ago.
The company’s net income for Q1 was $269 million, a slight increase from the $266 million of a year ago.
“We are extremely pleased with our first quarter results, which built on the momentum from last year and are a validation of the resiliency of our operating model,” said Dominick Zarcone, president and CEO. “I am proud of our team’s commitment to operational excellence and ability to execute on our strategic priorities. Also, I am pleased with our team’s responsiveness to the challenging macroeconomic environment by quickly taking action to mitigate supply chain and inflationary headwinds.
“Based on our strong start to the year and confidence in our competitive position, we are raising our full year revenue and (earnings per share) outlook.”