O'Reilly Automotive Q3 net income up 111%

Thu. October 29, 2009; Posted: 12:44 PM

Oct 29, 2009 (Datamonitor via COMTEX) -- ORLY | Quote | Chart | News | PowerRating -- O'Reilly Automotive, a retailer of automotive aftermarket parts, tools, supplies, equipment and accessories, has reported a net income of $87.22 million, or $0.63 per diluted share, for the third quarter ended September 30, 2009, up 111%, compared to $41.4 million, or $0.31 per diluted share, for the same quarter of 2008.

For the third quarter of 2009, sales were $1.26 billion, up 13%, compared to $1.11 billion for the same quarter of 2008.

For the first nine months of 2009, sales were $3.67 billion, up 49%, compared to $2.46 billion for the same quarter of 2008. Net income was $235.57 million, or $1.71 per diluted share, up 64%, compared to $143.52 million, or $1.18 per diluted share, for the same period a year ago.

Greg Henslee, CEO and co-president of O'Reilly Automotive, said: "We are proud to announce another very profitable quarter, highlighted by a 58% increase in adjusted diluted earnings per share and a 103% increase in diluted earnings per share. These results were driven by a solid consolidated comparable store sales increase of 5.3% and continued improvement in our gross margin results fueled by improved acquisition costs as the result of our increased purchasing power."

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For full details on O'reilly Automotive Inc (ORLY) click here. O'reilly Automotive Inc (ORLY) has Short Term PowerRatings of 5. Details on O'reilly Automotive Inc (ORLY) Short Term PowerRatings is available at This Link.

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