LKQ Corp., parent company of NTP-STAG, announced third quarter revenues of $3.3 billion, an 8.2 percent increase over the same period a year ago.
Net income for the third quarter of $284 million, 47 percent increase over Q3 of 2020.
“Our operating excellence initiatives continue to drive record results for LKQ; in the quarter, we recorded the highest third quarter (earnings per share) and Segment EBITDA margin in the company’s history,” said Dominick Zarcone, president and CEO. “We are particularly pleased with the results of our Europe segment, as its third quarter margin of 11.5 percent is the highest in over nine years. This performance validates our confidence in the LKQ Europe program, the strategic initiatives that underpin it, and the capabilities of the team driving the implementation.”
Year-to-date, LKQ reported revenue for the first nine months of the year of $9.9 billion, up from $8.7 billion a year ago, and its net income was $855,000, compared with approximately $459,000 last year.