O’Reilly Automotive, Inc. (NASDAQ: ORLY) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself (DIY) customers and professional service providers.
The company recently released its Q2 2011 earnings. According to The Wall Street Journal,
O’Reilly Automotive Inc.’s (ORLY) second-quarter earnings rose 34% on record-high operating margin, as the auto-parts retailer raised its outlook for earnings this year again.
The company predicted adjusted full-year earnings to $3.53 to $3.63 a share, compared with April’s boosted prediction for $3.49 to $3.59 a share.
The company’s improved performance was the result of a “relentless focus on expense control” according to CEO Greg Henslee. Additionally, it seems the recession may have helped the company:
O’Reilly’s sector was one of the fortunate corners of the economy with relatively steady business during the recession, as consumers preferred to keep their current cars working instead of purchasing new ones. Its bottom line has continued to improve in recent results.
Two Covestor models held ORLY as of 7/27:
- StockDiagnostics
- Earnings Growth
Read the company’s earnings press release here.
Sources:
“O’Reilly Automotive 2Q Profit Up 34%, Raises 2011 EPS View” Wall Street Journal, 7/27. http://online.wsj.com/article/BT-CO-20110727-723644.html
“O’Reilly Automotive, Inc. Reports Second Quarter 2011 Results” ORLY Press Release, 7/27. https://seekingalpha.com/news-article/1523859-o-reilly-automotive-inc-reports-second-quarter-2011-results
