LKQ Corporation (LKQ) Q4 2022 Earnings Call Transcript

LKQ Corporation (NASDAQ:LKQ) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET

Company Participants

Joe Boutross - Vice President of Investor Relations

Nick Zarcone - President and Chief Executive Officer

Rick Galloway - Senior Vice President and Chief Financial Officer

Conference Call Participants

Craig Kennison - Baird

Scott Stember - ROTH MKM

Bret Jordan - Jefferies

Brian Butler - Stifel

Daniel Imbro - Stephens

Operator

Good morning. My name is Rob, and I will be your conference operator today. At this time, I'd like to welcome everyone to the LKQ Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Joe Boutross, Vice President of Investor Relations, you may begin your conference.

Joe Boutross

Thank you, operator. Good morning, everyone, and welcome to LKQ's fourth quarter and full year 2022 earnings conference call.

With us today are Nick Zarcone, LKQ's President and Chief Executive Officer; and Rick Galloway, our Senior Vice President and Chief Financial Officer.

Please refer to the LKQ website at lkqcorp.com for our 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 may be 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-K in the coming days.

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

Nick Zarcone

Thank you, Joe, and good morning to everybody on the call.

This morning, I will provide some high-level comments related to our performance in the quarter and full year 2022, and then Rick will dive into the financial details and discuss our 2023 outlook before I come back with a few closing remarks.