LKQ Corporation today reported fourth quarter and full year 2021 results that reflect continued progress with our operational excellence program and strategic initiatives.

Fourth Quarter 2021 Financial Results

Revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions and divestitures increased revenue 1.7% and foreign exchange rates decreased revenue 0.8%, for a total parts and services revenue increase of 7.5%. Other revenue grew 13.1% in the fourth quarter of 2021 driven by higher scrap steel prices, partially offset by lower precious metal prices.

On an adjusted basis, net income 1,2 in the fourth quarter of 2021 was $254 million compared to $212 million in the same period of 2020, a 20.0% increase. Adjusted diluted earnings per share 1,2 for the fourth quarter was $0.87 as compared to $0.69 for the same period of 2020, a 26.1% increase.

Full Year 2021 Financial Results

Revenue for the full year of 2021 was $13.1 billion, an increase of 12.6% as compared to $11.6 billion for the full year of 2020. For the full year of 2021, parts and services organic revenue increased 7.9% (8.3% on a per day basis), while the net impact of acquisitions and divestitures increased revenue 0.3% and foreign exchange rates increased revenue 2.5%, for a total parts and services revenue increase of 10.7%. Other revenue grew 42.5% for the full year of 2021 driven by higher scrap steel and precious metals prices.

LKQ Corporation 17.02.2022