LKQ Slumps After Disappointing Q2 Results, Full-Year Outlook Cut: Details
LKQ Slumps After Disappointing Q2 Results, Full-Year Outlook Cut: Details
LKQ Corporation (NASDAQ:LKQ) shares are trading lower on Thursday after the company reported second-quarter results.
LKQ公司(纳斯达克:LKQ)的股票周四交易下跌,该公司公布了第二季度的财报。
The company reported adjusted earnings per share of 98 cents, missing the analyst consensus of $1.03. Quarterly revenues of $3.71 billion (+7.6%), missed the street view of $3.87 billion.
该公司报告的每股调整收益为0.98美元,低于分析师的1.03美元的共识预期。第二季度营业收入为37.1亿美元(+7.6%),低于街头预期的38.7亿美元。
Net income for the second quarter of 2024 was $185 million compared to $281 million for the same period of 2023.
2024年第二季度净利润为1.85亿美元,相比于2023年同期的2.81亿美元下降。
Cash flow from operations and free cash flow were $213 million and $133 million, respectively, for the second quarter of 2024.
2024年第二季度经营活动现金流和自由现金流分别为2.13亿美元和1.33亿美元。
As of June-end, the balance sheet reflected total debt of $4.3 billion and total leverage was 2.3x EBITDA.
截至6月末,资产负债表反映了总负债43亿美元,总杠杆率为2.3倍EBITDA。
Also Read: Surprise Q2 GDP Growth, Inflation Eases — 'Economy Is Much Stronger Than People Realize': 7 ETFs On The Move
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During the second quarter, the company returned over $200 million to its shareholders by investing $125 million to repurchase 2.9 million shares of its common stock and distributing approximately $80 million in cash dividends.
在第二季度,该公司通过投资1.25亿美元回购290万股普通股,并分配约8000万美元的现金股息,向其股东回报了超过2亿美元。
On July 23, the company declared a quarterly cash dividend of $0.30 per share of common stock, payable on August 29, 2024.
公司于7月23日宣布,每股普通股的季度性现金股息为0.30美元,将于2024年8月29日支付。
"Based on a projected continuation of the revenue headwinds we experienced in the first half of 2024, we are lowering our full year guidance. While we have taken actions to reduce costs and protect our margins and cash flows, the benefits are not expected to offset the full impact of the lower revenue expectation," stated CFO Rick Galloway.
首席财务官Rick Galloway表示:“基于我们在2024年上半年遇到的营业收入风险的持续影响,我们正在调低全年业绩指导。尽管我们采取了降低成本、保护利润率和现金流的措施,但预计这些措施无法抵消营收预期下降的全面影响。”
Outlook: LKQ lowered its FY24 organic revenue growth outlook for parts and services from 2.5%- 4.5% to (1.25%) – 0.25%.
展望:LKQ将调低其零部件和服务的FY24有机收入增长预期,从2.5%-4.5%调整至(-1.25%)-0.25%。
LKQ lowered its FY24 adjusted EPS outlook from $3.90 – $4.20 to $3.50 – $3.70 versus the $3.92 estimate.
LKQ将FY24调整后的每股收益预期从3.90-4.20美元调低至3.50-3.70美元,而市场预期为3.92美元。
Price Action: LKQ shares are trading lower by 12.5% to $38.91 at last check Thursday.
股票行情:周四,LKQ股价下跌12.5%,报38.91美元。
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