SPRINGFIELD, MO -- O’Reilly Automotive, Inc. has announced revenues and earnings for the second quarter ended June 30, representing 55 consecutive quarters of record revenues, earnings and comparable store sales increases for O’Reilly since becoming a public company in April 1993.

Net income for the second quarter, totaled $51.9 million, up 5.2 percent from $49.3 million for the same period in 2006. Diluted earnings per common share for the second quarter increased 4.7 percent to 45 cents on 116.1 million shares compared to 43 cents for the second quarter of 2006 on 115.2 million shares. Sales for the three months totaled $643 million, up 8.8 percent from $591 million for the same period a year ago. Gross profit for the second quarter of 2007 increased to $287 million (or 44.7 percent of sales) from $261 million (or 44.1 percent of sales) for the second quarter of 2006, representing an increase of 10.1 percent. Operating, Selling, General and Administrative (OSG&A) expenses increased to $206 million (or 32.0 percent of sales) for the second quarter of 2007 from $183 million (or 30.9 percent of sales) for the second quarter of 2006, representing an increase of 12.6 percent.

Net income for the first six months totaled $100.3 million, up 11.6 percent from $89.9 million for the same period a year ago. Diluted earnings per common share for the first six months increased 11.5 percent to 87 cents on 115.9 million shares compared to 78 cents a year ago on 114.9 million shares. Sales for the first six months totaled $1.26 billion, up 11.4 percent from $1.13 billion for the same period a year ago. Gross profit for the first six months of 2007 increased to $556 million (or 44.3 percent of sales) from $494 million (or 43.8 percent of sales) for the same period a year ago, representing an increase of 12.6 percent. OSG&A expenses increased to $398 million (or 31.7 percent of sales) for the first six months of 2007 from $351 million (or 31.1 percent of sales) for the same period a year ago, representing an increase of 13.3 percent.

Comparable store sales for stores open at least one year increased 2 percent and 4.3 percent for the second quarter and first six months of 2007, respectively.

“Considering the difficult economic conditions and unfavorable weather in several of our key markets, we’re pleased with the effort our team put into delivering another successful and profitable quarter,” stated Greg Henslee, CEO and co-president. “We continue to focus on opportunities to improve our operating efficiency while maintaining our commitment to providing the very best customer service in the industry.”

Ted Wise, COO and co-president, stated, “Team O’Reilly continues to focus on growth opportunities with the opening of 44 net new stores in the second quarter, including our first stores in Ohio. We have also completed the successful relocation of our Minnesota distribution center to a larger, state of the art facility, which will allow us to further expand in the upper Midwest.”