Summary
O'Reilly Automotive, Inc. (ORLY) filed its quarterly report on August 7, 2003, for the period ending June 30, 2003. The filing indicates the company is an accelerated filer and has made all required filings for the preceding 12 months. As of June 30, 2003, the company had 53,933,788 shares of common stock outstanding, with a market value of approximately $1.8 billion held by non-affiliates. While the full financial statements are not detailed in the provided text, the filing structure suggests a review of financial statements, management's discussion and analysis of results and financial condition, and quantitative disclosures about market risk. Importantly, the filing includes extensive risk factors, highlighting competition, the dependence on achieving growth objectives through store expansion and acquisitions, sensitivity to regional economic and weather conditions (particularly in Texas), reliance on key personnel, concentration of ownership by management, potential stock price volatility, and the impact of shares eligible for future sale.
Key Highlights
- 1O'Reilly Automotive, Inc. (ORLY) filed its Q2 2003 10-Q on August 7, 2003.
- 2The company has 53,933,788 shares outstanding as of June 30, 2003.
- 3The market value of non-affiliate shares was approximately $1.8 billion on June 30, 2003.
- 4The filing outlines numerous risk factors including intense competition, reliance on growth strategies, economic and weather sensitivity, and dependence on key personnel.
- 5ORLY is identified as an accelerated filer, indicating its size and reporting history.
- 6The company's business is particularly sensitive to economic and weather conditions in the Central and Southern United States, with a significant concentration of stores in Texas (approx. 36%).
- 7The filing includes CEO and CFO certifications pursuant to the Sarbanes-Oxley Act of 2002, demonstrating compliance with new governance standards.