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LKQ Corporation • • LKQ CORPORATION ANNOUNCES RESULTS FOR FIRST QUARTER 2021 First quarter revenue of $ 3.2 billion ( up 5.7 % year - over - year ) Parts and services organic revenue increased 0.6 % ( 2.2 % on a per day basis ) Diluted EPS¹ of $ 0.88 ( up 83.3 % ) ; adjusted diluted EPS¹ of $ 0.94 ( up 64.9 % ) • First quarter Segment EBITDA margin of 19.9 % for North America • Europe first quarter Segment EBITDA margin up 390 basis points to 9.6 % • First quarter Segment EBITDA margin of 13.4 % for Specialty • • First quarter operating cash flow of $ 523 million ( up 169 % YoY ) ; free cash flow of $ 481 million ( up 220 % YoY ) Net leverage down to 1.4x EBITDA • 2021 outlook raised Exhibit 99.1 Chicago , IL ( April 29 , 2021 ) -- LKQ Corporation ( Nasdaq : LKQ ) today reported first quarter 2021 results that reflect strength for the Company in a number of key metrics including overall profitability , segment margins and free cash flow . " We significantly exceeded our expectations for the quarter as our segment teams continue to embrace operational excellence and execute on our key initiatives . Our North America team delivered a 19.9 % Segment EBITDA margin in the first quarter , the highest level in the Company's history . Additionally , our Specialty team delivered its highest quarterly organic revenue growth at 30.9 % and first quarter Segment EBITDA margin of 13.4 % . I am also pleased with the Europe Segment EBITDA margin of 9.6 % in the quarter , a year - over - year improvement of 390 basis points . This level of performance gives us confidence regarding the progress of our 1 LKQ Europe program and our team's ability to achieve the longer - term margin targets we set forth in 2019 , " noted Dominick Zarcone , President and Chief Executive Officer . First Quarter 2021 Financial Results Revenue for the first quarter of 2021 was $ 3.2 billion , an increase of 5.7 % as compared to $ 3.0 billion in the first quarter of 2020 . For the first quarter of 2021 , parts and services organic revenue increased 0.6 % ( 2.2 % on a per day basis ) , while the net impact of acquisitions and divestitures decreased revenue 0.6 % and foreign exchange rates increased revenue 4.2 % , for a total parts and services revenue increase of 4.2 % . The organic revenue growth for the quarter reflects the annualization of the initial pandemic impact last March . Through February , organic parts and services revenue was 4.4 % lower on a per day basis , primarily as a result of mobility restrictions from COVID - 19 . In March 2021 , compared to a lower prior year period , organic parts and services revenue grew by 15.7 % on a per day basis . Other revenue grew 27.0 % in the first quarter of 2021 , driven by higher scrap steel and precious metals prices . Net income¹ for the first quarter of 2021 was $ 266 million as compared to $ 146 million for the same period in 2020 , an increase of 81.9 % . Diluted earnings per share¹ for the first quarter was $ 0.88 as compared to $ 0.48 for the same period of 2020 , an increase of 83.3 % . 1 References in this release to Net income and Diluted earnings per share , and the corresponding adjusted figures , reflect amounts from continuing operations attributable to LKQ stockholders .