LKQ Corp. has reported record revenue for the first quarter of 2016 of $1.92 billion, an increase of 8.3 percent as compared to $1.77 billion in the first quarter of 2015. Net income for the first quarter of 2016 was $107.7 million, an increase of 0.6 percent as compared to $107.1 million for the same period of 2015. On an adjusted basis, net income was $128.7 million, an increase of 10.2 percent as compared to $116.8 million for the same period of 2015.

Diluted earnings per share of 35 cents for the first quarter ended March 31, 2016, was unchanged from the 35 cents for the first quarter of 2015. On an adjusted basis, diluted earnings per share was 42 cents in the first quarter of 2016 reflecting a 10.5 percent increase over 38 cents for the first quarter of 2015.

“Our first quarter results were impressive, and I believe that our recently completed strategic acquisitions, credit facility amendment and European bond offering position us to continue delivery of organic and acquisition-related revenue growth,” said Robert Wagman, president and CEO of LKQ Corp. “I am particularly pleased with the 12.3 percent revenue growth in parts and services on a constant currency basis. Our Europe segment continued to show solid improvement, with its EBITDA margins for the quarter increasing 100 basis points over the prior year. Despite the mild weather we faced globally, organic revenue growth for parts and services was a solid 6.3 percent, including 10.8 percent in our Specialty segment.”