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O'Reilly Automotive Management Discusses Q2 2012 Results - Earnings Call Transcript

O'Reilly Automotive (ORLY)

Q2 2012 Earnings Call

July 26, 2012 11:00 am ET

Executives

Thomas G. McFall - Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance

Gregory L. Henslee - Chief Executive Officer and Co-President

Ted F. Wise - Co-President and Chief Operating Officer

Analysts

Michael Lasser - UBS Investment Bank, Research Division

Simeon Gutman - Crédit Suisse AG, Research Division

Alan M. Rifkin - Barclays Capital, Research Division

Christopher Horvers - JP Morgan Chase & Co, Research Division

Matthew J. Fassler - Goldman Sachs Group Inc., Research Division

Daniel R. Wewer - Raymond James & Associates, Inc., Research Division

Scot Ciccarelli - RBC Capital Markets, LLC, Research Division

Michael Baker - Deutsche Bank AG, Research Division

Presentation

Operator

Good morning. My name is Melissa, and I will be your conference operator today. At this time, I would like to welcome everyone to the O'Reilly Automotive Second Quarter 2012 Earnings Release. [Operator Instructions] Thank you.

Mr. Tom McFall, you may begin your conference.

Thomas G. McFall

Thank you, Melissa. Good morning, everyone, and welcome to our conference call. Before I introduce Greg Henslee, our CEO, we have a brief statement.

The company claims the protection of the Safe Harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by forward-looking words such as expect, believe, anticipate, should, plan, intend, estimate, project, will or similar words.

In addition, statements contained within this conference call that are not historical facts are forward-looking statements, such as statements discussing, among other things, expected growth, store development, integration and expansion strategy, business strategies, future revenue and future performance. These forward-looking statements are based on estimate, projections, beliefs and assumptions that are not guarantees of future events and the results. Such statements are subject to risks, uncertainties, assumptions, including but not limited to, competition, product demand, the market for auto parts, the economy in general, inflation, consumer debt levels, governmental regulations, the company's increased debt levels, credit ratings on the company's public debt, the company's ability to hire and retain qualified employees, risks associated with the performance of acquired businesses, such as CSK Auto Corporation, weather, terrorist activities, war and the threat of war.

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