SPRINGFIELD, MO — O’Reilly Automotive has reported record revenues and earnings for the first quarter of 2006.
Net income for the first quarter, which ended March 31, totaled $40.6 million, up 22.1 percent from $33.2 million for the same period in 2005. Diluted earnings per common share for the first quarter of 2006 increased 16.7 percent to 35 cents on 114.6 million shares compared to 30 cents for the first quarter of 2005 on 112.5 million shares. Product sales for the three months, totaled $536.5 million, up 15.1 percent from $466.2 million for the same period a year ago. Gross profit for the first quarter increased to $233.4 million (or 43.5 percent of product sales) from $196.2 million (or 42.1 percent of product sales) for the first quarter of 2005, representing an increase of 19 percent. Operating, Selling, General and Administrative expenses increased to $168.5 million (or 31.4 percent of product sales) for the first quarter of 2006 from $142.6 million (or 30.6 percent of product sales) for the first quarter of 2005, representing an increase of 18.1 percent.
Comparable store product sales for stores open at least one year increased 3.8 percent and 7.1 percent for the first quarter of 2006 and 2005, respectively.
For more information about O’Reilly, go to: www.oreillyauto.com.
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