O'Reilly Automotive Reports Solid Q4 Results, Exceeds Expectations
SPRINGFIELD, Mo. - O'Reilly Automotive Inc. (ORLY) announced strong fourth-quarter financial results on Wednesday, beating Wall Street estimates in both earnings and revenue.
Financial Highlights:
* Net income: $551.1 million
* Earnings per share (EPS): $9.50 (adjusted EPS: $9.96)
* Revenue: $4.1 billion
Analyst Consensus Beat:
* EPS: $9.71 (Zacks Investment Research survey)
* Revenue: $4.03 billion (Zacks Investment Research survey)
Full-Year Results:
* Net income: $2.39 billion
* EPS: $40.66
* Revenue: $16.71 billion
Guidance:
* FY23 EPS: $42.60 to $43.10
* FY23 Revenue: $17.4 billion to $17.7 billion
O'Reilly Automotive's positive earnings report reflects strong demand for auto parts and its continued focus on operational efficiency. The company's optimistic guidance for 2023 indicates confidence in its long-term growth prospects.