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LKQ Corporation LKQ CORPORATION ANNOUNCES RESULTS FOR THIRD QUARTER 2021 • Third quarter 2021 revenue of $ 3.3 billion ( up 8.2 % year - over - year ) • Diluted EPS¹ of $ 0.96 ( up 50.0 % ) ; adjusted diluted EPS¹² of $ 1.02 ( up 36.0 % ) • . Third quarter operating cash flow of $ 429 million ; free cash flow² of $ 384 million Net leverage decreased to 1.1x EBITDA Repurchased 4.3 million shares for $ 219 million in the quarter • Full year 2021 financial outlook raised • Announced inaugural quarterly dividend of $ 0.25 per share Exhibit 99.1 Chicago , IL ( October 28 , 2021 ) -- LKQ Corporation ( Nasdaq : LKQ ) today reported third quarter 2021 results that reflect continued strength for the Company in a number of key metrics including total revenue , segment profitability and free cash flow . " Our operating excellence initiatives continue to drive record results for LKQ ; in the quarter , we recorded the highest third quarter EPS and Segment EBITDA² margin in the Company's history . We are particularly pleased with the results of our Europe segment , as its third quarter margin of 11.5 % is the highest in over nine years . This performance validates our confidence in the 1 LKQ Europe program , the strategic initiatives that underpin it , and the capabilities of the team driving the implementation , " noted Dominick Zarcone , President and Chief Executive Officer . Third Quarter 2021 Financial Results Revenue for the third quarter of 2021 was $ 3.3 billion , an increase of 8.2 % as compared to $ 3.0 billion in the third quarter of 2020 , reflecting the annualization of the pandemic impact during the third quarter of 2020. For the third quarter of 2021 , parts and services organic revenue increased 4.0 % , while the net impact of acquisitions and divestitures increased revenue 0.5 % and foreign exchange rates increased revenue 1.5 % , for a total parts and services revenue increase of 6.1 % . Other revenue grew 45.3 % in the third quarter of 2021 , driven by higher scrap steel and precious metals prices . Net income¹ for the third quarter of 2021 was $ 284 million as compared to $ 193 million for the same period in 2020 , an increase of 46.8 % . Diluted earnings per share¹ for the third quarter was $ 0.96 as compared to $ 0.64 for the same period of 2020 , an increase of 50.0 % . On an adjusted basis , net income ¹² in the third quarter was $ 300 million compared to $ 228 million in the same period of 2020 , a 31.6 % increase . Adjusted diluted earnings per share 1,2 for the third quarter was $ 1.02 as compared to $ 0.75 for the same period of 2020 , a 36.0 % increase . 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 . 2 Non - GAAP measure . See the table accompanying this release that reconciles the actual or forecasted U.S. GAAP measure to the actual or forecasted adjusted measure , which is non - GAAP .