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O’Reilly Automotive Reports Solid First-Quarter 2011 Results


5/10/2011

 
SPRINGFIELD, Mo. — O’Reilly Automotive has announced record revenues and earnings for the first quarter ended March 31.

Sales for the first quarter ended March 31, increased $103 million, or 8 percent, to $1.38 billion from $1.28 billion for the same period a year ago. Gross profit for the first quarter increased to $670 million (or 48.4 percent of sales) from $618 million (or 48.3 percent of sales) for the same period a year ago, representing an increase of 8 percent.

Selling, general and administrative expenses for the first quarter increased to $473 million (or 34.2 percent of sales) from $450 million (or 35.1 percent of sales) for the same period a year ago, representing an increase of 5 percent. Operating income for the first quarter increased to $196 million (or 14.2 percent of sales) from $168 million (or 13.2 percent of sales) for the same period a year ago, representing an increase of 17 percent.

Net income for the first quarter ended March 31 increased to $102 million (or 7.4 percent of sales) from $97 million (or 7.6 percent of sales) for the same period a year ago, representing an increase of 5 percent. Diluted earnings per common share for the first quarter increased 3 percent to 72 cents on 143 million shares versus 70 cents for the same period a year ago on 140 million shares.














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