SPRINGFIELD, Mo. – O’Reilly Automotive has announced record revenues and earnings for its third quarter ended Sept. 30, 2014.
Sales for the third quarter increased $149 million, or 9 percent, to $1.88 billion from $1.73 billion for the same period one year ago. Gross profit for the third quarter increased to $968 million (or 51.6 percent of sales) from $879 million (or 50.9 percent of sales) for the same period one year ago, representing an increase of 10 percent.
Net income for the third quarter increased $31 million, or 16 percent, to $217 million (or 11.6 percent of sales) from $186 million (or 10.8 percent of sales) for the same period one year ago. Diluted earnings per common share for the third quarter increased 22 percent to $2.06 on 105 million shares versus $1.69 for the same period one year ago on 110 million shares.
Year-to-Date Financial Results
Sales for the first nine months of 2014 increased $424 million, or 8 percent, to $5.45 billion from $5.03 billion for the same period one year ago.
Net income for the first nine months of 2014 increased $79 million, or 15 percent, to $597 million (or 10.9 percent of sales) from $518 million (or 10.3 percent of sales) for the same period one year ago. Diluted earnings per common share for the first nine months of 2014 increased 21 percent to $5.58 on 107 million shares versus $4.63 for the same period one year ago on 112 million shares.
