Summary
O'Reilly Automotive, Inc. reported strong financial results for the nine months ended September 30, 2014, with notable increases in sales, gross profit, and net income. Sales grew 8% year-over-year to $5.45 billion, driven by a 5.9% increase in comparable store sales. The company also expanded its store count, adding 150 net new stores during the period, bringing the total to 4,311. Profitability showed significant improvement, with operating income up 14% and net income rising 15% to $597 million. Diluted earnings per share increased by 21% to $5.58. The company also generated substantial free cash flow of $665.8 million, underscoring its operational efficiency and financial strength. O'Reilly's balance sheet remains robust, with ample liquidity and a solid debt coverage ratio, well within its covenants.
Financial Highlights
44 data points| Revenue | $1.88B |
| Cost of Revenue | $908.67M |
| Gross Profit | $968.20M |
| SG&A Expenses | $624.43M |
| Operating Income | $343.77M |
| Interest Expense | $12.98M |
| Net Income | $217.00M |
| EPS (Basic) | $0.14 |
| EPS (Diluted) | $0.14 |
| Shares Outstanding (Basic) | 1.55B |
| Shares Outstanding (Diluted) | 1.58B |
Key Highlights
- 1Sales increased by 8% to $5.45 billion for the nine months ended September 30, 2014, compared to the prior year period.
- 2Comparable store sales grew by 5.9% for the first nine months of 2014, indicating strong performance in existing locations.
- 3Net income rose by 15% to $597 million for the nine-month period, reflecting improved profitability.
- 4Diluted earnings per share (EPS) saw a significant increase of 21% to $5.58 for the first nine months of 2014.
- 5The company continued its expansion, adding 150 net new stores, bringing the total store count to 4,311.
- 6Free cash flow generation was strong, totaling $665.8 million for the nine months ended September 30, 2014.
- 7Operating income increased by 14% year-over-year, demonstrating efficient cost management and sales leverage.