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![LKQ CORP [LKQ] reports annual net loss of $938.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FLKQ.png&w=1200&q=75)
LKQ CORP [LKQ] has reported a net loss of $938.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $13.9 billion
Based in CHICAGO, Illinois, LKQ CORP operates in the WHOLESALE sector.
The consolidated income statement for LKQ Corporation for the 12 months ended December 31, 2023, shows a notable increase in revenues compared to the previous year. Revenues for the current period stood at $13.866 billion, up from $12.794 billion in 2022 and $13.089 billion in 2021.
Cost of goods sold also witnessed a rise, amounting to $8.291 billion in 2023, compared to $7.571 billion in 2022 and $7.767 billion in 2021. This resulted in a gross margin of $5.575 billion for the current year, showing an improvement from $5.223 billion in 2022 and $5.322 billion in 2021.
Operating income for the period was reported at $1.357 billion, a decrease from $1.581 billion in 2022 and $1.474 billion in 2021. The net income attributable to LKQ stockholders was $936 million for 2023, down from $1.149 billion in 2022 and $1.091 billion in 2021.
In terms of earnings per share, the basic earnings per share for 2023 were $3.50, compared to $4.15 in 2022 and $3.68 in 2021. Similarly, the diluted earnings per share for 2023 were $3.49, down from $4.13 in 2022 and $3.66 in 2021.
Overall, LKQ Corporation's financial performance in 2023 reflected a mixed bag with revenue growth but a decline in profitability compared to the previous year.
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