AI English summary of an SEC filing — figures as filed
O'Reilly Automotive ORLYO'Reilly said sales for the 3-month period ended September 30, 2024 rose 4% to $4.36 billion, and sales for the 9-month period rose 5% to $12.61 billion. Comparable store sales rose 1.5% over 3 months and 2.4% over 9 months.
Key points
AI summaryO'Reilly said sales for the 3-month period ended September 30, 2024 rose 4% to $4.36 billion, and sales for the 9-month period rose 5% to $12.61 billion. Comparable store sales rose 1.5% over 3 months and 2.4% over 9 months.
The company said gross profit for the 3 months was $2.25 billion (51.6% of sales), SG&A was $1.35 billion (31.0% of sales), and operating income was $897 million (20.5% of sales). Operating income was flat with the same period a year earlier at $897 million (21.3% of sales).
O'Reilly said net income for the 3 months rose 2% to $665 million, and diluted earnings per share rose 6% to $11.41 on 58 million shares. The company said its effective tax rate of 21.5% was lower than 23.2% a year earlier, citing higher excess tax benefits from share-based compensation.
The company said net cash used in investing activities rose over the 9 months, due to the Vast Auto acquisition, partly offset by lower capital expenditures. It cited lower share repurchases and the issuance of $500 million of senior notes as factors reducing net cash used in financing activities.
Key figures
Quarter ended September 30, 2024
- Revenue
- $4.4B
- Operating income
- $897M
- Net income
- $665M
- EPS
- $11.41
- Gross profit
- $2.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q3 and 9-Month Sales and Comparable Store Sales
O'Reilly said sales for the 3-month period ended September 30, 2024 rose 4% to $4.36 billion, and sales for the 9-month period rose 5% to $12.61 billion. Comparable store sales rose 1.5% over 3 months and 2.4% over 9 months.
Source · Based on the MD&A text of the filing
3-Month Gross Profit, SG&A and Operating Income
The company said gross profit for the 3 months was $2.25 billion (51.6% of sales), SG&A was $1.35 billion (31.0% of sales), and operating income was $897 million (20.5% of sales). Operating income was flat with the same period a year earlier at $897 million (21.3% of sales).
Source · Based on the MD&A text of the filing
3-Month Net Income and Diluted EPS
O'Reilly said net income for the 3 months rose 2% to $665 million, and diluted earnings per share rose 6% to $11.41 on 58 million shares. The company said its effective tax rate of 21.5% was lower than 23.2% a year earlier, citing higher excess tax benefits from share-based compensation.
Source · Based on the MD&A text of the filing
9-Month Cash Flow Changes and Vast Auto Acquisition
The company said net cash used in investing activities rose over the 9 months, due to the Vast Auto acquisition, partly offset by lower capital expenditures. It cited lower share repurchases and the issuance of $500 million of senior notes as factors reducing net cash used in financing activities.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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