O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants Thomas McFall - CFO & EVP Gregory Johnson - CEO & Co-President Jeff Shaw - COO & Co-President Conference Call Participants Gregory Melich - Evercore ISI Bret Jordan - Jefferies Christopher Horvers - JPMorgan Chase & Co. Robert Ciccarelli - RBC Capital Markets Brian Nagel - Oppenheimer Michael Lasser - UBS David Bellinger - Wolfe Research Katharine McShane - Goldman Sachs Group Elizabeth S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to O'REILLY AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction Commission file (I.R.S. Employer of incorporation or organiza ...

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q4 Full-Year 2020 Earnings Conference Call February 11, 2021 11:00 AM ET Company Participants Tom McFall – Executive Vice President and Chief Financial Officer Greg Johnson – Chief Executive Officer and Co-President Jeff Shaw – Chief Operating Officer and Co-President David O'Reilly – Executive Chairman Greg Henslee – Executive Vice Chairman Conference Call Participants Simeon Gutman – Morgan Stanley Michael Lasser – UBS Chris Horvers – JPMorgan Scot Ciccarelli – RBC ...

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q3 2020 Earnings Conference Call October 29, 2020 11:00 AM ET Company Participants Thomas McFall - CFO & EVP Gregory Johnson - CEO & Co-President Jeff Shaw - COO & Co-President Jeremy Fletcher - SVP, Finance & Controller Conference Call Participants Gregory Melich - Evercore ISI Brian Nagel - Oppenheimer Kate McShane - Goldman Sachs Group Zachary Fadem - Wells Fargo Securities David Bellinger - Wolfe Research Bret Jordan - Jefferies Michael Baker - D.A. Davidson & Co. ...

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q2 2020 Earnings Conference Call July 30, 2020 11:00 AM ET Company Participants Thomas McFall - CFO & EVP Gregory Johnson - CEO & Co-President Jeff Shaw - COO & Co-President Conference Call Participants Matthew McClintock - Raymond James & Associates Elizabeth Suzuki - Bank of America Merrill Lynch Bret Jordan - Jefferies Christopher Horvers - JPMorgan Chase & Co. Simeon Gutman - Morgan Stanley Seth Sigman - Crédit Suisse Michael Lasser - UBS Investment Bank Robert Ci ...

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q1 2020 Earnings Conference Call April 23, 2020 11:00 AM ET Company Participants Tom McFall – Chief Financial Officer Greg Johnson – Chief Executive Officer and Co-President Jeff Shaw – Chief Operating Officer and Co-President Conference Call Participants Greg Melich – Evercore ISI Scot Ciccarelli – RBC Capital Simeon Gutman – Morgan Stanley Michael Lasser – UBS Brian Nagel – Oppenheimer Chris Horvers – JP Morgan Bret Jordan – Jefferies Daniel Imbro – Stephens, Inc. O ...

OÂ'Reilly Automotive, Inc. (NASDAQ:ORLY) Q4 2019 Earnings Conference Call February 6, 2020 11:00 AM ET Company Participants Tom McFall – Chief Financial Officer Greg Johnson – Chief Executive Officer and Co-President Jeff Shaw – Chief Operating Officer and Co-President Conference Call Participants Mike Baker – Nomura Liz Suzuki – BoA Bret Jordan – Jefferies Daniel Imbro – Stephens Zack Fadem – Wells Fargo Chandni Luthra – Goldman Sachs Jacob Moser – Wolfe Research Michael Lasser – UBS Josh Kamboj – Morgan S ...

O'Reilly Automotive Inc. (NASDAQ:ORLY) Q3 2019 Earnings Conference Call October 24, 2019 11:00 AM ET Company Participants Greg Johnson - Chief Executive Officer Jeff Shaw - Chief Operating Officer and Co-President Tom McFall - Chief Financial Officer David OÂ'Reilly - Executive Chairman Greg Henslee - Executive Vice Chairman Conference Call Participants Chris Horvers - JPMorgan Matt McClintock - Raymond James Greg Melich - Evercore ISI Scot Ciccarelli - RBC Capital Simeon Gutman - Morgan Stanley Michael Las ...

Financial Data and Key Metrics Changes - In Q2 2019, the company generated a comparable store sales growth of 3.4%, which was at the lower end of the guidance range due to adverse weather conditions impacting demand [9][11] - Earnings per share for the quarter were $4.51, falling below the guided range of $4.55 to $4.65 [11] - Gross margin improved by 36 basis points year-over-year to 52.8%, aligning with full-year guidance [21][48] - The company maintained its full-year EPS guidance of $17.37 to $17.47, expecting to come in near the bottom of the range due to anticipated headwinds [23][104] Business Line Data and Key Metrics Changes - Both DIY and professional segments contributed positively to comparable store sales growth, with the professional side being the stronger contributor [12] - Average ticket size increased due to rising parts complexity and inflation, while ticket counts for DIY were pressured by rising prices [13][14] - The company opened 43 net new stores in Q2, bringing total openings for 2019 to 105, but faced delays due to weather [33][34] Market Data and Key Metrics Changes - The company experienced product acquisition inflation driven by tariffs and other input cost increases, which were passed on to customers [14][90] - The effective tax rate for Q2 was 23.9%, slightly above expectations, compared to 21.5% in the same quarter of 2018 [52] Company Strategy and Development Direction - The company remains focused on enhancing customer service and investing in technology initiatives despite facing structural cost pressures [28] - The company is committed to opening at least 200 net new stores in 2019, despite delays caused by weather [37] - The company is also expanding its distribution capabilities with new distribution centers planned in Ohio, Tennessee, and Mississippi [39][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand drivers in the automotive aftermarket, despite short-term weather-related volatility [18][24] - The company anticipates a solid start to Q3 with comparable store sales guidance set at 3% to 5% [20] - Management acknowledged that the inflationary environment and tariffs would continue to impact pricing and customer behavior, particularly in the DIY segment [66][90] Other Important Information - Free cash flow for the first half of 2019 was $541 million, down from $632 million in the same period of 2018, primarily due to increased capital expenditures [55] - The company repurchased 2.6 million shares year-to-date at an average price of $359.63, totaling $921 million [60] Q&A Session Summary Question: Follow-up on inflation commentary and expectations for the second half - Management expects inflation to increase due to tariffs impacting acquisition costs, with a higher number anticipated in the second half [66] Question: Confidence in reaching high-end of comp range despite weather impacts - Management noted strong underlying non-seasonal business performance, with confidence in the second half based on core demand for hard parts [72] Question: Impact of delayed store openings on SG&A - Management indicated that delays in new store openings contributed to SG&A deleverage, with expectations for continued pressure from wage growth [81] Question: Pressure from competitors on pricing due to tariffs - Management stated that competitors are adjusting prices in response to inflationary pressures, but overall pricing behavior remains rational [68][69] Question: Gross margin performance and expectations - Management maintained guidance for gross margin, expecting to be slightly above the midpoint due to pricing power and product mix [106]

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q1 2019 Earnings Conference Call April 25, 2019 11:00 AM ET Company Participants Thomas McFall - EVP & CFO Gregory Henslee - Executive Vice Chairman Jeff Shaw - Co-President & COO Conference Call Participants Brian Nagel - Oppenheimer Scot Ciccarelli - RBC Capital Markets Seth Sigman - Crédit Suisse Matthew McClintock - Barclays Bank Christopher Bottiglieri - Wolfe Research Elizabeth Suzuki - Bank of America Merrill Lynch Bret Jordan - Jefferies Seth Basham - Wedbush ...