Exhibit 99.1

LKQ CORPORATION ANNOUNCES RESULTS FOR FIRST QUARTER 2013

•
Revenue growth of 16% to a record $1.20 billion
•
Organic revenue growth for parts and services of 9.6%
•
First quarter 2013 diluted EPS of $0.28
•
Increases 2013 organic revenue growth guidance
•
Agrees to acquire European parts distributor Sator Beheer

Chicago, IL (April 25, 2013) - LKQ Corporation (Nasdaq:LKQ) today reported record revenue for the first quarter of 2013 of $1.20 billion, an increase of 15.9% as compared to $1.03 billion in the first quarter of 2012. Net income for the first quarter of 2013 was $84.6 million, an increase of 4.4% as compared to $81.0 million for the same period of 2012. Diluted earnings per share of $0.28 for the first quarter ended March 31, 2013 increased 3.7% from $0.27 for the first quarter of 2012. The Company noted that the first quarter 2013 diluted earnings per share included a loss equal to $0.01 per share resulting from restructuring and acquisition related expenses and the change in fair value of contingent consideration liabilities. Earnings per share in the first quarter of 2012 included a gain equal to $0.02 per share that resulted from a favorable legal settlement.

"I was particularly pleased with our results this quarter because, adjusting for the legal settlement in 2012 and other charges, diluted earnings per share grew by 16% compared to the prior year quarter. We also delivered strong organic revenue growth for parts and services of 9.6% despite the quarter having one less selling day in the US and two less selling days in the UK," stated Robert L. Wagman, President and Chief Executive Officer of LKQ Corporation. “I am also proud of our ability to deliver bottom line growth, with the first quarter of 2013 producing record earnings.”

Sator Beheer Acquisition

On April 23, 2013, the Company agreed to acquire Sator Beheer (“Sator”). Sator is the market leading distributor of automotive aftermarket parts in the Netherlands, Belgium, Luxembourg and Northern France. Headquartered in Schiedam, the Netherlands, Sator is the parent company of eight operating subsidiaries. The group has over 800 employees serving a diverse base of more than 6,000 customers and offering a broad product line of over 150,000 SKUs from eleven distribution centers. In 2012, Sator reported revenue of €288.0 million and EBITDA of €24.0 million.

"This strategically significant acquisition further increases LKQ's European footprint and market share, and provides a platform for future growth on the continent. Sator should also complement our existing Euro Car Parts operations in the UK and allow for the realization of cost savings,” added Mr. Wagman.
The purchase price is expected to be approximately €210.0 million and will be funded by drawing on the Company's revolving credit facility. The transaction is expected to close the first week of May 2013.





Balance Sheet and Liquidity

As of March 31, 2013, LKQ's balance sheet reflected cash and equivalents of $63.0 million, and obligations outstanding under the Company's credit facilities were $922.5 million ($415.0 million of term loans and $507.5 million of revolver borrowings). Total availability under the credit agreement at March 31, 2013 was $390.8 million.
 
After drawing the funds for the Sator acquisition, availability under our credit agreement will be approximately $115 million.

The Company is in discussions with certain of its lenders and other parties concerning changes to its existing credit facility, which changes, if agreed to by the lenders, would include, among other things, an increase in the amounts available under the revolving credit facility and term loan borrowings under the credit agreement.  These discussions are still ongoing so there are no assurances that these discussions will be successful or that a definitive amendment will be executed, or that the credit facility will be increased or extended or as to the specific terms of any amendment.

Other Events

During the first quarter of 2013, the Company acquired a distributor of collision repair parts and products primarily for automotive climate control systems in the United Kingdom; a paint distribution business in Ontario, Canada; and an aftermarket radiator distributor in Florida.

Company Outlook

The Company increased its organic revenue growth guidance and reaffirmed its guidance on diluted earnings per share, operating cash flows and capital expenditures for 2013.  The guidance does not include the effect of the pending acquisition of Sator, which is expected to be completed in the second quarter, or any possible changes to our credit agreement as described above.

 
Updated Guidance
Prior Guidance
Organic revenue growth
6.5% to 8.5%
5.5% to 7.5%
Net income
$305 million to $330 million
$305 million to $330 million
Diluted EPS
$1.00 to $1.09
$1.00 to $1.09
Cash flow provided from operations
Approximately $300 million
Approximately $300 million
Capital expenditures
$100 million to $115 million
$100 million to $115 million

Guidance for 2013 is based on current conditions and excludes the impact of restructuring and acquisition related expenses and gains or losses (including changes in fair value of contingent consideration liabilities) and capital spending related to acquisitions or divestitures. Organic revenue guidance refers only to parts and services revenue.

On August 17, 2012, the Company announced a two-for-one split of the Company's common stock. The common stock began trading on a split-adjusted basis on September 19, 2012. All per share information in this release is presented on a split-adjusted basis.






Quarterly Conference Call

LKQ will host a conference call and Webcast on April 25, 2013 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) with members of senior management to discuss the Company's results.

To access the investor conference call, please dial (877) 407-0668. International access to the call may be obtained by dialing (201) 689-8558. The audio webcast can be accessed via the Company's website at www.lkqcorp.com in the Investor Relations section.

A replay of the conference call will be available by telephone at (877) 660-6853 or (201) 612-7415 for international calls. The telephone replay will require you to enter conference ID: 411459 #. An online replay of the audio webcast will be available on the Company's website. Both formats of replay will be available through May 25, 2013. Please allow approximately two hours after the live presentation before attempting to access the replay.

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of aftermarket, recycled, and refurbished collision replacement parts, and a leading provider of mechanical replacement parts including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico and Central America. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.

Forward Looking Statements

The statements in this press release that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding our expectations, beliefs, hopes, intentions or strategies. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us. Actual events or results may differ materially from those expressed or implied in the forward looking statements as a result of various factors.

These factors include:

•
uncertainty as to changes in North American and European general economic activity and the impact of these changes on the demand for our products and our ability to obtain financing for operations;
•
fluctuations in the pricing of new original equipment manufacturer ("OEM") replacement products;
•
the availability and cost of our inventory;
•
variations in the number of vehicles sold, vehicle accident rates, miles driven and the age profile of vehicles in accidents;
•
changes in state or federal laws or regulations affecting our business;
•
changes in the types of replacement parts that insurance carriers will accept in the repair process;
•
inaccuracies in the data relating to industry size published by independent sources upon which we rely;
•
changes in the level of acceptance and promotion of alternative automotive parts by insurance companies and auto repairers;
•
changes in the demand for our products and the supply of our inventory due to severity of weather and seasonality of weather patterns;
•
increasing competition in the automotive parts industry;
•
uncertainty as to the impact on our industry of any terrorist attacks or responses to terrorist attacks;




•
our ability to operate within the limitations imposed by financing agreements;
•
our ability to obtain financing on acceptable terms to finance our growth;
•
declines in the values of our assets;
•
fluctuations in fuel and other commodity prices;
•
fluctuations in the prices of scrap metal and other metals;
•
our ability to develop and implement the operational and financial systems needed to manage our operations;
•
our ability to identify sufficient acquisition candidates at reasonable prices to maintain our growth objectives;
•
our ability to integrate and successfully operate acquired companies and any companies acquired in the future and the risks associated with these companies;
•
claims by OEMs or others that attempt to restrict or eliminate the sale of alternative automotive products;
•
termination of business relationships with insurance companies that promote the use of our products;
•
product liability claims by the end users of our products or claims by other parties who we have promised to indemnify for product liability matters;
•
currency fluctuations in the U.S. dollar versus other currencies and currency fluctuations in the pound sterling versus other currencies;
•
periodic adjustments to estimated contingent purchase price amounts;
•
instability in regions in which we operate that can affect our supply of certain products;
•
interruptions, outages or breaches of our operational systems, security systems, or infrastructure as a result of attacks on, or malfunctions of, our systems; and
•
other risks that are described in our Form 10-K filed March 1, 2013 and in other reports filed by us from time to time with the Securities and Exchange Commission.

You should not place undue reliance on these forward-looking statements. All of these forward-looking statements are based on our expectations as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Joseph P. Boutross
Director, Investor Relations
(312) 621-2793
jpboutross@lkqcorp.com






LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Statements of Income
( In thousands, except per share data )
 
 
Three Months Ended
 
March 31,
 
2013
 
2012
Revenue
$
1,195,997

 
$
1,031,777

Cost of goods sold (1)
694,048

 
584,394

Gross margin
501,949

 
447,383

Facility and warehouse expenses
100,246

 
85,108

Distribution expenses
103,857

 
91,813

Selling, general and administrative expenses
137,056

 
121,714

Restructuring and acquisition related expenses
1,505

 
247

Depreciation and amortization
17,697

 
14,893

Operating income
141,588

 
133,608

Other expense (income):
 
 
 
Interest expense, net
8,595

 
7,367

Change in fair value of contingent consideration liabilities
823

 
(1,345
)
Other expense (income), net
402

 
(511
)
Total other expense, net
9,820

 
5,511

Income before provision for income taxes
131,768

 
128,097

Provision for income taxes
47,176

 
47,106

Net income
$
84,592

 
$
80,991

Earnings per share:
 
 
 
Basic
$
0.28

 
$
0.28

Diluted
$
0.28

 
$
0.27

Weighted average common shares outstanding:
 
 
 
Basic
298,226

 
294,278

Diluted
302,937

 
299,342


(1) 
Cost of goods sold for the three months ended March 31, 2012 included a gain of $8.3 million resulting from certain settlements of a class action lawsuit against several of our suppliers.






LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Balance Sheets
(In thousands, except share and per share data)
 
March 31,
2013
 
December 31,
2012
Assets
 
 
 
Current Assets:
 
 
 
Cash and equivalents
$
62,997

 
$
59,770

Receivables, net
357,580

 
311,808

Inventory
883,443

 
900,803

Deferred income taxes
52,862

 
53,485

Prepaid income taxes
2,441

 
29,537

Prepaid expenses and other current assets
40,239

 
28,948

Total Current Assets
1,399,562

 
1,384,351

Property and Equipment, net
492,479

 
494,379

Intangibles
1,776,473

 
1,796,999

Other Assets
54,185

 
47,727

Total Assets
$
3,722,699

 
$
3,723,456

Liabilities and Stockholders’ Equity
 
 
 
Current Liabilities:
 
 
 
Accounts payable
$
202,084

 
$
219,335

Accrued expenses
148,168

 
134,822

Income taxes payable
14,432

 
2,748

Contingent consideration liabilities
44,625

 
42,255

Other current liabilities
15,899

 
17,068

Current portion of long-term obligations
79,531

 
71,716

Total Current Liabilities
504,739

 
487,944

Long-Term Obligations, Excluding Current Portion
987,979

 
1,046,762

Deferred Income Taxes
101,902

 
102,275

Contingent Consideration Liabilities
4,940

 
47,754

Other Noncurrent Liabilities
81,910

 
74,627

 
 
 
 
Commitments and Contingencies
 
 
 
 
 
 
 
Stockholders’ Equity:
 
 
 
Common stock, $0.01 par value, 500,000,000 shares authorized, 298,477,692 and 297,810,896 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively
2,985

 
2,978

Additional paid-in capital
961,122

 
950,338

Retained earnings
1,094,611

 
1,010,019

Accumulated other comprehensive (loss) income
(17,489
)
 
759

Total Stockholders’ Equity
2,041,229

 
1,964,094

Total Liabilities and Stockholders’ Equity
$
3,722,699

 
$
3,723,456






LKQ CORPORATION AND SUBSIDIARIES
Unaudited Consolidated Condensed Statements of Cash Flows
( In thousands )
 
Three Months Ended
 
March 31,
 
2013
 
2012
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income
$
84,592

 
$
80,991

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
19,040

 
16,257

Stock-based compensation expense
4,949

 
4,010

Excess tax benefit from stock-based payments
(3,002
)
 
(2,561
)
Other
1,716

 
(702
)
Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
Receivables
(47,973
)
 
(22,694
)
Inventory
9,580

 
13,000

Prepaid income taxes/income taxes payable
41,838

 
41,324

Accounts payable
(7,911
)
 
(2,557
)
Other operating assets and liabilities
3,604

 
(16,913
)
Net cash provided by operating activities
106,433

 
110,155

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Purchases of property and equipment
(21,461
)
 
(21,329
)
Proceeds from sales of property and equipment
432

 
233

Cash used in acquisitions, net of cash acquired
(13,264
)
 
(24,930
)
Net cash used in investing activities
(34,293
)
 
(46,026
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Proceeds from exercise of stock options
2,840

 
4,581

Excess tax benefit from stock-based payments
3,002

 
2,561

Net repayments of long-term obligations
(73,755
)
 
(64,889
)
Net cash used in financing activities
(67,913
)
 
(57,747
)
Effect of exchange rate changes on cash and equivalents
(1,000
)
 
540

Net increase in cash and equivalents
3,227

 
6,922

Cash and equivalents, beginning of period
59,770

 
48,247

Cash and equivalents, end of period
$
62,997

 
$
55,169






LKQ CORPORATION AND SUBSIDIARIES
Unaudited Supplementary Data
( In thousands, except per share data )
 
Three Months Ended March 31,
Operating Highlights
2013
 
2012
 
 
 
 
 
 
 
% of Revenue
 
 
 
% of Revenue
 
Change
 
% Change
Revenue
$
1,195,997

 
100.0
%
 
$
1,031,777

 
100.0
 %
 
$
164,220

 
15.9
%
Cost of goods sold (1)
694,048

 
58.0
%
 
584,394

 
56.6
 %
 
109,654

 
18.8
%
Gross margin
501,949

 
42.0
%
 
447,383

 
43.4
 %
 
54,566

 
12.2
%
Facility and warehouse expenses
100,246

 
8.4
%
 
85,108

 
8.2
 %
 
15,138

 
17.8
%
Distribution expenses
103,857

 
8.7
%
 
91,813

 
8.9
 %
 
12,044

 
13.1
%
Selling, general and administrative expenses
137,056

 
11.5
%
 
121,714

 
11.8
 %
 
15,342

 
12.6
%
Restructuring and acquisition related expenses
1,505

 
0.1
%
 
247

 
0.0
 %
 
1,258

 
n/m

Depreciation and amortization
17,697

 
1.5
%
 
14,893

 
1.4
 %
 
2,804

 
18.8
%
Operating income
141,588

 
11.8
%
 
133,608

 
12.9
 %
 
7,980

 
6.0
%
Other expense (income):
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
8,595

 
0.7
%
 
7,367

 
0.7
 %
 
1,228

 
16.7
%
Change in fair value of contingent consideration liabilities
823

 
0.1
%
 
(1,345
)
 
-0.1
 %
 
2,168

 
n/m

Other expense (income), net
402

 
0.0
%
 
(511
)
 
0.0
 %
 
913

 
n/m

Total other expense, net
9,820

 
0.8
%
 
5,511

 
0.5
 %
 
4,309

 
78.2
%
Income before provision for income taxes
131,768

 
11.0
%
 
128,097

 
12.4
 %
 
3,671

 
2.9
%
Provision for income taxes
47,176

 
3.9
%
 
47,106

 
4.6
 %
 
70

 
0.1
%
Net income
$
84,592

 
7.1
%
 
$
80,991

 
7.8
 %
 
$
3,601

 
4.4
%
Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.28

 
 
 
$
0.28

 
 
 
$
—

 
0.0
%
Diluted
$
0.28

 
 
 
$
0.27

 
 
 
$
0.01

 
3.7
%
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
Basic
298,226

 
 
 
294,278

 
 
 
3,948

 
1.3
%
Diluted
302,937

 
 
 
299,342

 
 
 
3,595

 
1.2
%

(1) 
Cost of goods sold for the three months ended March 31, 2012 included a gain of $8.3 million resulting from certain settlements of a class action lawsuit against several of our suppliers.





The following unaudited table reconciles net income to EBITDA:
 
Three Months Ended
 
March 31,
 
2013
 
2012
 
(In thousands)
Net income
$
84,592

 
$
80,991

Depreciation and amortization
19,040

 
16,257

Interest expense, net
8,595

 
7,367

Provision for income taxes
47,176

 
47,106

Earnings before interest, taxes, depreciation and amortization (EBITDA)
$
159,403

 
$
151,721

EBITDA as a percentage of revenue
13.3
%
 
14.7
%


We provide a reconciliation of Net Income to EBITDA as we believe it offers investors, securities analysts and other interested parties useful information regarding our results of operations because it assists in analyzing our performance and the value of our business. EBITDA provides insight into our profitability trends, and allows management and investors to analyze our operating results with and without the impact of depreciation, amortization, interest and income tax expense. We believe EBITDA is used by securities analysts, investors, and other interested parties in evaluating companies, many of which present EBITDA when reporting their results. EBITDA should not be construed as an alternative to operating income, net income or net cash provided by (used in) operating activities, as determined in accordance with accounting principles generally accepted in the United States. In addition, not all companies that report EBITDA information calculate EBITDA in the same manner as we do and, accordingly, our calculation is not necessarily comparable to similarly named measures of other companies and may not be an appropriate measure for performance relative to other companies.






The following unaudited tables compare certain revenue categories:

 
Three Months Ended
 
 
 
March 31,
 
 
 
2013
 
2012
 
Change
 
% Change
 
(In thousands)
 
 
 
 
Included in Unaudited Consolidated Condensed
 
 
 
 
 
 
 
Statements of Income of LKQ Corporation
 
 
 
 
 
 
 
North America
$
810,257

 
$
730,802

 
$
79,455

 
10.9
%
Europe
212,135

 
160,246

 
51,889

 
32.4
%
Parts and services
1,022,392

 
891,048

 
131,344

 
14.7
%
     Other
173,605

 
140,729

 
32,876

 
23.4
%
    Total
$
1,195,997

 
$
1,031,777

 
$
164,220

 
15.9
%

Revenue changes by category for the three months ended March 31, 2013 vs. 2012:
 
Revenue Change Attributable to:
 
 
 
Acquisition
 
Organic
 
Foreign Exchange
 
% Change
North America
6.2
%
 
4.7
 %
 
0.0
 %
 
10.9
%
Europe
1.7
%
 
32.1
 %
 
(1.5
)%
 
32.4
%
Parts and services
5.4
%
 
9.6
 %
 
(0.3
)%
 
14.7
%
     Other
24.4
%
 
(1.0
)%
 
(0.1
)%
 
23.4
%
    Total
8.0
%
 
8.2
 %
 
(0.3
)%
 
15.9
%









The following unaudited table compares our revenue and EBITDA by reportable segment:
 
Three Months Ended
 
 
March 31,
 
 
2013
 
2012
 
 
(In thousands)
 
Revenue
 
 
 
 
North America
$
983,388

 
$
871,084

 
Europe
212,609

 
160,693

 
Total revenue
$
1,195,997

 
$
1,031,777

 
EBITDA
 
 
 
 
North America (1)
$
135,335

 
$
132,188

 
Europe (2)
24,068

 
19,533

 
Total EBITDA
$
159,403

 
$
151,721

 

(1) 
For the three months ended March 31, 2012, North America EBITDA included a gain of $8.3 million resulting from certain settlements of a class action lawsuit against several of our suppliers.
(2) 
Included within EBITDA of our European segment is a loss of $0.7 million and a gain of $1.3 million for the three months ended March 31, 2013 and March 31, 2012, respectively, for the change in fair value of contingent consideration liabilities related to our ECP acquisition.