O'Reilly Automotive Inc. (Nasdaq: ORLY) pushed net income 16.1 percent to $205.6 million in the second quarter, up from $177.1 million in the same quarter a year earlier.
Earnings per diluted share were $1.91 for the Springfield-based auto parts retailer, a 33-cent increase over second-quarter 2013, according to a news release.
"We are pleased to once again report a very profitable quarter, highlighted by a 21 percent increase in diluted earnings per share to $1.91, which represents our 22nd consecutive quarter of 15 percent or greater diluted earnings per share growth," O'Reilly President and CEO Greg Henslee said in the release.
Second-quarter financial notes:
- The company's comparable store sales rose 5.1 percent, which, according to Henslee, "was on top of a very strong 6.5 percent increase in the second quarter last year."
- Sales in the quarter rose 8 percent to $1.85 billion from $1.71 billion a year earlier.
- O'Reilly employed 67,185 at the end of the quarter, compared to 60,035 as of June 30, 2013.
As of June 30, O'Reilly Automotive's assets were $3.2 billion. The company operated 4,257 stores at the end of the quarter, after closing one store and opening 42 during the three-month period, according to the release.
ORLY shares were trading at $151 as of 8:41 a.m., compared to a 52-week range of $117.09 to $156.37. Its
52-week high was set July 14.[[In-content Ad]]
