CHICAGO, IL -- LKQ Corp. said it expects its 2006 earnings per share to be in the range of 72 to 76 cents on a fully diluted basis, after the recent two-for-one stock split and after including its recent acquisition of Transwheel Corp. This estimate includes approximately 3 cents per share effect of expensing stock options.

The company is scheduled to report its 2005 revenue on March 2. It is expected to be in line with 2005 earnings guidance.

The company expects that 2006 organic revenue growth will be in the low double digits, with the balance of the growth being the full year impact of 2005 business acquisitions and its Transwheel Corp. acquisition that closed at the end of January. The company has said it expects net income to be within a range of $40.5 million to $42.5 million and diluted earnings per share to be between 72 and 76 cents. Included in the guidance is an estimated 3 cents per share effect of expensing stock options for the first time.

The company anticipates that net cash provided by operating activities for 2006 will be approximately $40 million. Full year 2006 capital expenditures, excluding any future acquisitions that may occur, will be approximately $33.0 million. This includes approximately $3.5 million of 2005 planned capital projects previously reported in LKQ's projected 2005 capital, but were not completed by year end and will instead be expended in early 2006. The 2006 capital expenditure budgets also include four major facility expansions, which the company said it believes will contribute to continued strong organic growth in the related markets in 2007 and beyond. The 2006 capital expenditures include approximately $2 million related to consolidating two recycling operations and converting one of these locations to a self-service start up operation.

The company estimates that the weighted average diluted shares outstanding for the full year 2006 to be approximately 56 million, which takes into account its recent two-for-one stock split. LKQ will host an audio webcast to discuss its fourth quarter 2005 actual results and its first quarter 2006 financial guidance on Thursday, March 2, at 10:30 a.m. Eastern Time. The live audio webcast can be accessed on the internet at http://www.lkqcorp.com in the Investor Relations section.

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