LKQ Corp. has reported record revenue for the first quarter of 2018 of $2.72 billion, an increase of 16.1 percent as compared to $2.34 billion in the first quarter of 2017. For the first quarter, parts and services organic revenue growth was 3.7 percent and acquisition revenue growth were 6.6 percent, while the impact of exchange rates was 5.4 percent, for total parts and services revenue growth of 15.7 percent.
“I am very pleased with the 6.5 percent organic parts and services growth in our North America segment,” said Dominick Zarcone, president and CEO of LKQ. “Although we faced a few revenue headwinds in Europe and our Specialty business and experienced certain near-term cost pressures in the quarter, we are actively addressing the issues and I am confident that we have solid plans to quickly return to our historical levels of growth and profitability.”
Net income from continuing operations attributable to LKQ stockholders for the first quarter of 2018 was $153 million, an increase of 9 percent as compared to $141 million for the same period of 2017. On an adjusted basis, net income from continuing operations attributable to LKQ stockholders was $170 million, an increase of 11 percent as compared to the $153 million for the same period of 2017.