O'Reilly Automotive Announces Record 1998 Sales and Earnings Business
Editors SPRINGFIELD, Mo.--(BUSINESS WIRE)--March 4, 1999--O'Reilly Automotive, Inc. ("O'Reilly") (Nasdaq - ORLY), today announced record revenues and earnings for the year ended December 31, 1998. This represents the sixth consecutive year of record revenues and earnings for O'Reilly since becoming a public company in April, 1993. Net income for the year ended December 31, 1998, totaled $30.8 million, up 33.0% from $23.1 million a year ago. Basic earnings per share ("EPS") for the year increased 31.8% to $1.45 on 21.2 million common shares compared to $1.10 on 21.0 million common shares for the prior year. Diluted EPS for the year ended December 31, 1998, were $1.42 on 21.6 million common shares, a 30.3% increase from prior year diluted EPS of $1.09 on 21.3 million common shares. Product sales for the year ended December 31, 1998, increased to $616.3 million from $316.4 million for the prior year, representing an increase of 94.8%. Gross profit for the year increased to $257.9 million (41.8% of product sales), a 91.6% increase from $134.6 million (42.5% of product sales) for the year ended December 31, 1997 |
