O'Reilly Automotive Reports Record Revenues and Earnings

Autoparts Report, Nov 3, 2001

O'Reilly Automotive, Inc. said it has record revenues and earnings for the third quarter of 2001, representing 32 quarters of record revenues and earnings for O'Reilly since becoming a public company in April 1993.

For the three months ended September 30, 2001, net income totaled $20.1 million, up 21.5 percent from $16.6 million for the same period a year ago. Earnings per common share (diluted) for the third quarter of 2001 increased 18.8 percent to $0.38 on 53.2 million shares versus $0.32 a year ago on 51.9 million shares.

Product sales for the third quarter of 2001 totaled $294.0 million, up 16.9 percent from $251.4 million for the same period a year ago. Gross profit for the third quarter of 2001 increased to $125.5 million (or 42.7 percent of product sales) from $105.9 million (or 42.1 percent of product sales) for the third quarter of 2000, representing an increase of 18.5 percent.