O'Reilly Automotive, Inc. Reports Fourth Quarter And Full-Year 2010 Results

• Full-year adjusted diluted EPS increased 37% to $3.05
• Comparable store sales increase of 8.8% for full-year 2010
• Full-year adjusted operating margin increased to 13.6%

SPRINGFIELD, Mo., Feb. 16, 2011 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. ("O'Reilly" or "the Company") (Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for the fourth quarter and year ended December 31, 2010. The results represent 18 consecutive years of comparable store sales growth and record revenue and operating income for O'Reilly since becoming a public company in April of 1993. 

4 ^th Quarter 2010 Financial Results

Sales for the fourth quarter ended December 31, 2010, increased $137 million, or 12%, to $1.31 billion from $1.17 billion for the same period a year ago. Gross profit for the fourth quarter ended December 31, 2010, increased to $637 million (or 48.6% of sales) from $570 million (or 48.5% of sales) for the same period a year ago, representing an increase of 12%. Selling, General and Administrative ("SG&A") expenses for the fourth quarter ended December 31, 2010, increased to $472 million (or 36.1% of sales) from $444 million (or 37.8% of sales) for the same period a year ago, representing an increase of 6%. Operating income for the fourth quarter ended December 31, 2010, increased to $164 million (or 12.5% of sales) from $125 million (or 10.7% of sales) for the same period a year ago, representing an increase of 31%. 

Net income for the fourth quarter ended December 31, 2010, totaled $106 million (or 8.1% of sales), up 47% from $72 million (or 6.1% of sales) for the same period a year ago. Diluted earnings per common share for the fourth quarter ended December 31, 2010, increased 42% to $0.74 on 143 million shares versus $0.52 for the same period a year ago on 139 million shares.