LKQ Corporation (LKQ) Q2 2023 Earnings Call Transcript

LKQ Corporation (NASDAQ:LKQ) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET

Company Participants

Joe Boutross - Vice President, Investor Relations

Nick Zarcone - President and Chief Executive Officer

Rick Galloway - Senior Vice President and Chief Financial Officer

Conference Call Participants

Scott Stember - ROTH MKM

Craig Kennison - Baird

Bret Jordan - Jefferies

Brian Butler - Stifel

Gary Prestopino - Barrington Research

Daniel Imbro - Stephens

Operator

Good morning and thank you for joining LKQ Corporation’s Second Quarter 2023 Earnings Conference Call. I am your operator, Jiao. [Operator Instructions] I will now turn the conference over to Joe Boutross, VP of Investor Relations. Please go ahead.

Joe Boutross

Thank you, operator. Good morning, everyone and welcome to LKQ’s second quarter 2023 earnings conference call. With us today are Nick Zarcone, LKQ’s President and Chief Executive Officer; and Rick Galloway, Senior Vice President and Chief Financial Officer. Please refer to the LKQ website at lkqcorp.com for earnings release issued this morning as well as the accompanying slide presentation for this call.

Now, let me quickly cover the Safe Harbor. Some of the statements that we make today maybe considered forward-looking. These include statements regarding our expectations, beliefs, hopes, intentions or strategies. Actual events or results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors. We assume no obligation to update any forward-looking statements.

For more information, please refer to the risk factors discussed in our Form 10-K and subsequent reports filed with the SEC. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today’s earnings press release and slide presentation. Hopefully, everyone has had a chance to look at our 8-K, which we filed with the SEC earlier today. And as normal, we are planning to file our 10-Q in the coming days.

And with that, I’m happy to turn the call over to our CEO, Nick Zarcone.

Nick Zarcone

Thank you, Joe and good morning to everybody on the call. I hope you are all having a safe and enjoyable summer. This morning, I will provide some high level comments related to our performance in the quarter and then Rick will dive into the financial details and provide an overview of our updated guidance before I come back with a few closing remarks.