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O’Reilly Automotive Reports Second-Quarter 2012 Results


9/6/2012

Sales for the second quarter increased $84 million, or 6 percent, to $1.56 billion from $1.48 billion for the same period one year ago.
 
SPRINGFIELD, Mo. – O’Reilly Automotive has announced record revenues and earnings for its second quarter ended June 30.

Sales for the second quarter increased $84 million, or 6 percent, to $1.56 billion from $1.48 billion for the same period one year ago. Gross profit for the second quarter increased to $780 million (or 49.9 percent of sales) from $719 million (or 48.6 percent of sales) for the same period one year ago, representing an increase of 9 percent.

Operating income for the second quarter, increased to $244 million (or 15.6 percent of sales) from
$222 million (or 15 percent of sales) for the same period one year ago, representing an increase of 10 percent.

Net income for the second quarter ended June 30, increased $12 million, or 9 percent, to $146 million (or 9.3 percent of sales) from $134 million (or 9 percent of sales) for the same period one year ago. Diluted earnings per common share for the second quarter increased 20 percent to $1.15 on 127 million shares versus 96 cents for the same period one year ago on 140 million shares.

“We are pleased to report solid second quarter results, highlighted by a 20 percent increase in diluted earnings per share, which was driven by a 56 basis point increase in operating margin,” stated Greg Henslee.












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