O'Reilly Automotive Announces Two-for-One Stock Split - aftermarketNews

O’Reilly Automotive Announces Two-for-One Stock Split

The board of directors of O'Reilly Automotive today declared a two-for-one stock split in the form of a 100 percent stock dividend to all shareholders of its common stock as of the close of business on May 31.

SPRINGFIELD, MO — The board of directors of O’Reilly Automotive today declared a two-for-one stock split in the form of a 100 percent stock dividend to all shareholders of its common stock as of the close of business on May 31.

At the company’s 2005 Annual Meeting of Shareholders held on May 3, O’Reilly shareholders approved to amend the company’s Articles of Incorporation to increase the number of authorized shares of capital stock from 90 million to 250 million. The amendment will be filed with Missouri’s Secretary of State prior to the record date of May 31.

Each shareholder entitled to the dividend will receive one additional share of the company’s common stock for every one share of common stock held. The company anticipates that the additional shares resulting from the dividend will be made available to shareholders on or about June 15.

“The current per share price level of our common stock reflects the continued strong financial performance of O’Reilly Automotive since our initial public offering in April 1993. This stock dividend is indicative of our expectations for continued growth,” said Greg Henslee, CEO.

O’Reilly Automotive recently reported record earnings for the first quarter of 2005 of 59 cents per diluted common share, before cumulative effect of accounting change, up from 49 cents per share for the same period a year ago. O’Reilly Automotive also effected a two-for-one stock split on August 31, 1997 and November 30, 1999.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

ChargeLab Expands Leadership Team with Two Hires

ChargeLab appointed Kevin Alfred as vice president of finance, and Ariel Maidansky as head of growth.

ChargeLab Bolsters leadership team with two hires

ChargeLab announces the appointment of Kevin Alfred, CFA, CMA, as vice president of finance, and Ariel Maidansky as head of growth.

"We are thrilled to welcome Kevin and Ariel to ChargeLab," said CEO Zak Lefevre. "Their wealth of experience and expertise will play a crucial role in driving our company's growth and innovation in the EV charging industry. With Kevin leading our finance operations and Ariel spearheading our growth initiatives, we are confident we can accelerate charger deployments in 2024."

MEMA Aftermarket Suppliers Forms New CEO Council

The council brings together executives from the automotive, commercial vehicle and remanufacturing sectors.

Standard Motor Products Announces 123 New Numbers

The release provides new coverage in 53 distinct product categories and 47 part numbers for 2023 and 2024 model-year vehicles.

Standard Motor Products Announces 123 New Numbers
ASE Practice Tests Available Online

Those preparing for ASE certification can get a good idea of what to expect by adding the official ASE practice tests to their study plans.

ASE Practice Tests Available Online
CCC Report Analyzes Labor Pressures, Vehicle Complexity

Report shows advanced technology is contributing to costlier repairs, higher claims costs and longer cycle times.

CCC Report Analyzes Labor Pressures, Vehicle Complexity

Other Posts

UAF Scholarship Deadline Fast Approaching

The deadline to submit an application is March 31.

UAF Scholarship Deadline Fast Approaching
Opposition Grows for California’s Mandate Banning New Gas-Powered Vehicle Sales

SEMA members and industry consumers sent EPA over 5,000 letters in opposition to the ACC II Waiver.

Opposition Grows for California’s Mandate Banning New Gas-Powered Vehicle Sales
Demand for REE Automotive Full By-Wire EVs Continues to Grow

REE has expanded its authorized dealer network, which now covers 66 locations of sales and service across the U.S. and Canada.

AAPEX Named One of 50 Fastest-Growing Shows in 2023  

This is the second consecutive year that AAPEX earned a spot in TSE’s Fastest 50 Class.