O'Reilly Automotive hits all-time revenue high in 2022

Springfield-based auto parts retailer O’Reilly Automotive Inc. (Nasdaq: ORLY) has topped $14 billion in annual revenue for the first time in company history.

Sales during 2022 grew 8% to $14.4 billion from $13.3 billion in 2021, according to a news release. O'Reilly Automotive's $13 billion sales mark also was a yearly record, and company officials have said the next annual sales goal is $15 billion by 2027, according to past reporting.

Net income for the year was $2.17 billion, a slight increase from $2.16 billion in 2021.

"Team O’Reilly once again exceeded our expectations and delivered robust top-line growth," CEO Greg Johnson said in the release. "I would like to thank our over 85,000 team members for their ongoing dedication to our continued profitable growth and for their unrelenting focus on providing excellent customer service.”

The company additionally invested $3.3 billion buying back shares in 2022.

As of Dec. 31, O'Reilly Automotive's assets were $12.6 billion, according to the release. The company had 5,971 stores to end 2022.

ORLY shares were trading at $818.16 as of 9:39 a.m., compared with a 52-week range of $562.90 to $870.92 per share.