O'Reilly Automotive 2Q income rises 5.2%

SPRINGFIELD, Mo. O'Reilly Automotive Inc. tuesday announced that net income for the second quarter ended June 30 totaled $51.9 million, up 5.2% from $49.3 million for the same period in 2006. Diluted earnings per common share for the second quarter of 2007 increased 4.7% 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 ended June 30 totaled $643 million, up 8.8% from $591 million for the same period a year ago.

Net income for the first six months of 2007 totaled $100.3 million, up 11.6% from $89.9 million for the same period a year ago. Diluted earnings per common share for the first six months of 2007 increased 11.5% 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 of 2007 totaled $1.26 billion, up 11.4% from $1.13 billion for the same period a year ago.

Comparable-store sales for stores open at least one year increased 2% and 4.3% 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."