Summary
O'Reilly Automotive Inc. (ORLY) reported a strong performance in its 2015 fiscal year, reflecting continued growth driven by its dual-market strategy serving both DIY (Do-It-Yourself) and professional service provider customers. The company expanded its store footprint significantly, opening 205 net new stores, bringing the total to 4,571 locations across 44 states. This expansion, combined with a robust comparable store sales increase of 7.5%, led to a substantial rise in both sales and profitability. Key financial highlights include a 10% increase in sales, reaching $7.97 billion, and a 20% increase in net income to $931 million. Operating income also saw a significant increase of 19%, reaching $1.51 billion, with operating margin improving to 19.0% of sales. The company continued its focus on operational efficiency and customer service, supported by its extensive distribution network and technically proficient "Professional Parts People". Shareholder value was further enhanced through a substantial share repurchase program, with the company buying back approximately 4.9 million shares for $1.1 billion during the year.
Financial Highlights
45 data points| Revenue | $7.97B |
| Cost of Revenue | $3.80B |
| Gross Profit | $4.16B |
| SG&A Expenses | $2.65B |
| Operating Income | $1.51B |
| Interest Expense | $57.13M |
| Net Income | $931.22M |
| EPS (Basic) | $0.62 |
| EPS (Diluted) | $0.61 |
| Shares Outstanding (Basic) | 1.50B |
| Shares Outstanding (Diluted) | 1.52B |
Key Highlights
- 1Achieved a 10% increase in sales to $7.97 billion in fiscal year 2015.
- 2Reported a 20% year-over-year increase in net income to $931 million.
- 3Expanded store network by 205 net new stores, reaching a total of 4,571 locations.
- 4Delivered strong comparable store sales growth of 7.5%.
- 5Increased operating income by 19% to $1.51 billion, improving operating margin to 19.0%.
- 6Returned significant capital to shareholders through share repurchases totaling $1.1 billion for the year.
- 7Maintained a strong focus on customer service and operational efficiency through its "dual market strategy" and skilled workforce.