SPRINGFIELD, Mo. O’Reilly Automotive has announced record revenues and earnings for its fourth quarter and year ended Dec. 31, 2011. The results represent 19 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April 1993.
Sales for the fourth quarter increased $81 million, or 6 percent, to $1.39 billion from $1.31 billion for the same period one year ago. Gross profit for the fourth quarter increased to $695 million (or 49.9 percent of sales) from $637 million (or 48.6 percent of sales) for the same period one year ago, representing an increase of 9 percent.
Net income for the fourth quarter increased $17 million, or 16 percent, to $123 million (or 8.8 percent of sales) from $106 million (or 8.1 percent of sales) for the same period one year ago. Diluted earnings per common share for the fourth quarter increased 27 percent to 94 cents on 130 million shares versus 74 cents for the same period one year ago on 143 million shares.
Net income for the year increased $88 million, or 21 percent, to $508 million (or 8.8 percent of sales) from $419 million (or 7.8 percent of sales) for the same period one year ago. Diluted earnings per common share for the year ended Dec. 31, 2011, increased 26 percent to $3.71 on 137 million shares versus $2.95 for the same period one year ago on 142 million shares.