O'Reilly Automotive’s profits rise 11% in Q3

Last edited 5:31 p.m., Oct. 26, 2023 [Editor's note: The correct assets figure has been added.]

O'Reilly Automotive Inc. (Nasdaq: ORLY) reported a bottom-line gain of 11% in the third quarter.

The Springfield-based auto parts retailer's net income was $649.8 million, or $10.72 per diluted share, compared with $585.4 million, or $9.17 per diluted share, a year earlier, according to a news release.

"We are pleased to once again report another quarter of strong performance and profitable growth, highlighted by an 8.7% increase in comparable store sales and a 17% increase in diluted earnings per share," CEO Greg Johnson said in the release. “Our profitable growth is the direct result of our team members’ hard work and unwavering commitment to providing the highest level of service in our industry.”

Revenue during the quarter rose 10.7% to $4.2 billion.

O'Reilly Automotive's assets were $13.6 billion as of Sept. 30, according to the release. The company had 6,111 stores at the end of the quarter.

ORLY shares were trading at $918.88 as of 10:25 a.m., compared with a 52-week range of $767.27 to $975.72 per share.