SPRINGFIELD, Mo. (AP) — SPRINGFIELD, Mo. (AP) — O'Reilly Automotive Inc. (ORLY) on Wednesday reported fourth-quarter net income of $552.5 million.
The Springfield, Missouri-based company said it had profit of $9.26 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $9.07 per share.
The auto parts retailer posted revenue of $3.83 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $3.84 billion.
For the year, the company reported profit of $2.35 billion, or $38.47 per share. Revenue was reported as $15.81 billion.
O'Reilly Automotive expects full-year earnings to be $41.05 to $41.55 per share, with revenue in the range of $16.8 billion to $17.1 billion.
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O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).