SPRINGFIELD, MO -- O'Reilly Automotive has announced record revenues and earnings for the second quarter of 2006.

Net income for the second quarter, which ended June 30, totaled $49.3 million, up 14.9 percent from $42.9 million for the same period in 2005. Diluted earnings per common share for the second quarter of 2006 increased 13.2 percent to 43 cents on 115.2 million shares compared to 38 cents for the second quarter of 2005 on 113.1 million shares. Product sales for the three months ended June 30, totaled $591 million, up 13.4 percent from $521 million for the same period a year ago.

Gross profit for the second quarter of 2006 increased to $261 million (or 44.1 percent of product sales) from $229 million (or 43.9 percent of product sales) for the second quarter of 2005, representing an increase of 14 percent. Operating, Selling, General and Administrative (OSG&A) expenses increased to $183 million (or 30.9 percent of product sales) for the second quarter of 2006 from $161 million (or 30.9 percent of product sales) for the second quarter of 2005, representing an increase of 13.6 percent.

Net income for the first six months of 2006 totaled $89.9 million, up 18 percent from $76.1 million for the same period a year ago. Diluted earnings per common share for the first six months of 2006 increased 16.4 percent to 78 cents on 114.9 million shares compared to 67 cents a year ago on 112.8 million shares. Product sales for the first six months of 2006 totaled $1,128 million, up 14.2 percent from $987 million for the same period a year ago.

Gross profit for the first six months of 2006 increased to $494 million (or 43.8 percent of product sales) from $425 million (or 43.1 percent of product sales) for the same period a year ago, representing an increase of 16.3 percent. OSG&A expenses increased to $351 million (or 31.1 percent of product sales) for the first six months of 2006 from $303 million (or 30.7 percent of product sales) for the same period a year ago, representing an increase of 15.7 percent.

Comparable store product sales for stores open at least one year increased 3.5 percent and 3.6 percent for the second quarter and first six months of 2006 respectively.

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

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