Press release
O’Reilly Automotive, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Announces Additional $1.0 Billion Repurchase Authorization
Fourth quarter comparable store sales increase of 11.2%, full-year increase of 10.9%27% increase in fourth quarter diluted earnings per share to $5.40,
About this update from O'reilly Automotive, Inc.
[{"type":"text","content":" Fourth quarter comparable store sales increase of 11.2%, full-year increase of 10.9%27% increase in fourth quarter diluted earnings per share to $5.40, full-year increase of 32% to $23.53Full-year net cash provided by operating activities increased $1.13 billion, or 66.0%, to $2.84 billion SPRINGFIELD, Mo., Feb. 10, 2021 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its fourth quarter ended December 31, 2020. The results represent 28 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. 4th Quarter Financial ResultsGreg Johnson, O’Reilly’s CEO and Co-President, commented, “We are extremely pleased to report another record-breaking quarter to finish out 2020, with the incredible performance by Team O’Reilly in the fourth quarter capping the best full-year financial results in our Company’s history. I would like to thank Team O’Reilly for the tremendous dedication and hard work they demonstrated time and again over the past year in one of the most difficult environments we have ever faced as a Company. Our top priority continues to be the protection of the health and safety of our Team Members and customers, and we are extremely proud of our Team’s continued outstanding service that has been so critical to our customers during the pandemic. This commitment drove our fourth quarter comparable store sales increase of 11.2% and full-year comparable store sales growth of 10.9%, which represents our highest full-year same store sales increase in the last 25 years.” Sales for the fourth quarter ended December 31, 2020, increased $346 million, or 14%, to $2.83 billion from $2.48 billion for the same period one year ago. Gross profit for the fourth quarter increased 11% to $1.47 billion (or 52.0% of sales) from $1.32 billion (or 53.3% of sales) for the same period one year ago. Selling, general and administrative expenses (“SG&A”) for the fourth quarter increased 6% to $938 million (or 33.2% of sales) from $883 million (or 35.6% of sales) for the same period one year ago. Operating income for the fourth quarter increased 21% to $534 million (or 18.9% of sales) from $442 million (or 17.8% o...