During the fourth quarter, LKQ's European operations opened ten Euro Car Parts branches. As of December 31, 2012, the Company operated from 130 Euro Car Parts branches in the United Kingdom.
On January 2, 2013, Guhan Subramanian was elected to LKQ's Board of Directors.
|Organic revenue growth for parts & services||5.5% to 7.5%|
|Net income||$305 million to $330 million|
|Diluted EPS||$1.00 to $1.09|
|Cash flow from operations||Approximately $300 million|
|Capital expenditures||$100 million to $115 million|
Guidance for 2013 is based on current conditions and excludes the impact of restructuring and acquisition related expenses and gains or losses (including changes in fair value of contingent consideration liabilities) and capital spending related to acquisitions or divestitures. Organic revenue guidance refers only to parts and services revenue.On August 17, 2012, the Company announced a two-for-one split of the Company's common stock. The common stock began trading on a split-adjusted basis on September 19, 2012. All per share information in this release is presented on a split-adjusted basis. Quarterly Conference Call LKQ will host a conference call and Webcast on February 28, 2013 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (877) 407-0668. International access to the call may be obtained by dialing (201) 689-8558. The audio webcast can be accessed via the Company's website at www.lkqcorp.com in the Investor Relations section. A replay of the conference call will be available by telephone at (877) 660-6853 or (201) 612-7415 for international calls. The telephone replay will require you to enter conference ID: 408006 #. An online replay of the audio webcast will be available on the Company's website. Both formats of replay will be available through March 22, 2013. Please allow approximately two hours after the live presentation before attempting to access the replay.
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