YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Per-share earnings were up 16.7 percent from 30 cents in first-quarter 2005.
Net income for the quarter was $40.6 million, a 22.1 percent increase from $33.2 million during the same period last year. Product sales also were on the rise at $536.5 million, a 15.1 percent jump from $466.2 million a year ago.
Gross profit for the quarter increased to $233.4 million, from $196.2 million last year. Operating, selling, general and administrative expenses increased 18.1 percent to $168.5 million.
O’Reilly opened 36 stores during the quarter and continued worked on a new distribution center in Indianapolis, set to open this summer.
A conference call about the quarterly results took place this morning and is available for replay on the company’s Web site, www.oreillyauto.com, by clicking “Investor Relations” and then “News Room.”
Shares (Nasdaq: ORLY) closed April 25 at $34.75, compared to a 52-week range of $23.75 to $38.30.[[In-content Ad]]
A relocation to Nixa from Republic and a rebranding occurred for Aspen Elevated Health; Kuick Noodles LLC opened; and Phelps County Bank launched a new southwest Springfield branch.