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LKQ's CEO Discusses Q2 2011 Results - Earnings Call Transcript

LKQ (LKQX)

Q2 2011 Earnings Call

July 28, 2011 10:00 am ET

Executives

John Quinn - Chief Financial Officer and Executive Vice President

Joseph Holsten - Vice Chairman, Co-Chief Executive Officer, Member of Government Affairs Committee and Member of Executive Committee

Joseph P. Boutross -

Robert Wagman - Co-Chief Executive Officer and President

Analysts

John Lawrence - Morgan Keegan & Company, Inc.

Scott Stember - Sidoti & Company, LLC

Craig Kennison - Robert W. Baird & Co. Incorporated

John Lovallo - Bank of America-Merrill Lynch

William Armstrong - CL King & Associates, Inc.

Anthony Cristello - BB&T Capital Markets

Sam Darkatsh - Raymond James & Associates, Inc.

Nathan Brochmann - William Blair & Company L.L.C.

Scot Ciccarelli - RBC Capital Markets, LLC

Presentation

Operator

Good morning, everyone, and welcome to LKQ Corporation's Second Quarter 2011 Earnings Conference Call. I would now like to turn the conference call over to your host, Mr. Joe Boutross, LKQ's Director of Investor Relations. Thank you, sir. You may begin.

Joseph P. Boutross

Thank you, Jackie. Good morning, everyone, and thank you for joining us today. This morning, we released our second quarter 2011 financial results and provided our updated guidance for 2011. In the room with me today are: Joe Holsten, LKQ's Vice Chairman and Co-Chief Executive Officer; Rob Wagman, President and Co-Chief Executive Officer; and John Quinn, our Executive Vice President and Chief Financial Officer. Joe, Rob and John have some prepared remarks and then we will open the call for questions.

In addition to the telephone access for today's call, we are providing an audiocast via the LKQ website. A replay of the audiocast and conference call will be available shortly after the conclusion of this call.

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