SPRINGFIELD, MO -- O’Reilly Automotive today announced revenues and earnings for the fourth quarter and year ended Dec. 31, 2007, representing 15 consecutive years of record revenues and earnings and positive comparable store sales increases for O’Reilly since becoming a public company in April 1993.

Sales for the fourth quarter totaled $604 million, up 8.2 percent from $558 million for the same period a year ago. Gross profit for the fourth quarter increased to $270 million (or 44.7 percent of sales) from $249 million (or 44.6 percent of sales) for the same period a year ago, representing an increase of 8.5 percent. Operating, selling, general and administrative (OSG&A) expenses for the fourth quarter of 2007 increased to $207 million (or 34.2 percent of sales) from $185 million (or 33.1 percent of sales) for the same period a year ago, representing an increase of 11.7 percent.

Net income for the fourth quarter totaled $40.6 million, up 0.6 percent from $40.4 million for the same period in 2006. Diluted earnings per common share for the fourth quarter were even at 35 cents on 116.3 million shares versus 35 cents a year ago on 115.4 million shares.

For the year, sales increased $239 million, or 10.5 percent, to $2.52 billion from $2.28 billion for the year ended Dec. 31, 2006. Gross profit for the year increased to $1.12 billion (or 44.4 percent of sales) from $1.01 billion (or 44.1 percent of sales) for the year ended Dec. 31, 2006, representing an increase of 11.3 percent. OSG&A expenses for the year increased to $815 million (or 32.3 percent of sales) from $724 million (or 31.7 percent of sales) for the year ended Dec. 31, 2006, representing an increase of 12.6 percent.

Net income for the year totaled $194 million, up 8.9 percent from $178.1 million for the year ended Dec. 31, 2006. Diluted earnings per common share for the year increased 7.7 percent to $1.67 on 116.1 million shares versus $1.55 a year ago on 115.1 million shares.

Comparable store sales for stores open at least one year increased 2.1 percent and 3.7 percent for the fourth quarter and year, respectively, representing 59 quarters of positive comparable store sales results since O’Reilly became a public company in April 1993.

“We would like to thank every member of Team O’Reilly for their hard work and dedication in 2007. We generated an 11.3 percent increase in gross profit through our continued focus on providing unparalleled service to all of our customers,” stated CEO and Co-President Greg Henslee. “In spite of a very challenging economic environment in 2007, we were able to increase net income by 8.9 percent. Our focus remains on customer service and gaining market share in new and existing markets. We look forward to all of the opportunities 2008 will present.”

Ted Wise, COO and Co-President, said, "We added 56 new stores in the fourth quarter bringing us to a total of 190 for the year. We are very pleased with our marketing efforts during the year and will continue to build the O’Reilly brand through regional and local events during 2008. Team O’Reilly is more focused than ever on providing outstanding service to both Do-It-Yourself and Do-It-For-Me customers, and we will expand the O’Reilly culture to every market we enter in 2008.”

For more information about O'Reilly Automotive, go to: www.oreillyauto.com.