O’Reilly Automotive(US:ORLY)2025-11-07 21:34Financial Performance - Total sales for Q3 2025 reached $4,705,696, an increase of 7.8% compared to $4,364,437 in Q3 2024[12] - Gross profit for the nine months ended September 30, 2025, was $6,887,969, up from $6,453,457 in the same period of 2024, reflecting a growth of 6.7%[12] - Net income for Q3 2025 was $725,896, representing a 9.1% increase from $665,464 in Q3 2024[12] - Earnings per share for Q3 2025 were $0.86, compared to $0.76 in Q3 2024, marking a 13.2% increase[12] - For the nine months ended September 30, 2025, net income was $1,932,976, compared to $1,835,550 for the same period in 2024, reflecting an increase of approximately 5.3%[20] - Consolidated net income for the nine months ended September 30, 2025, was $1,932,976, representing a 5.3% increase from $1,835,550 in the same period of 2024[26] - The company reported a comprehensive income of $732.96 million for the three months ended September 30, 2025, compared to $643.44 million in 2024, an increase of 13.9%[15] - Gross profit for the nine months ended September 30, 2025, reached $6.89 billion, up from $6.45 billion in 2024, reflecting a year-over-year increase of 6.8%[12] Assets and Liabilities - Total assets as of September 30, 2025, amounted to $16,279,627, up from $14,893,741 as of December 31, 2024, indicating a growth of 9.3%[9] - Current liabilities increased to $8,709,759 as of September 30, 2025, compared to $8,283,505 at the end of 2024, reflecting a rise of 5.1%[9] - Total current assets increased to $6,596,975 as of September 30, 2025, from $5,839,895 at the end of 2024, representing a growth of 13.0%[9] - The total long-term debt as of September 30, 2025, was $5,915,530, compared to $5,520,932 at the end of 2024[41] - The total shareholders' deficit improved to $(894.68) million as of September 30, 2025, from $(1.37) billion at December 31, 2024, indicating a reduction of 34.7%[9] Cash Flow and Investments - Total cash provided by operating activities for the nine months ended September 30, 2025, was $2,128,501, a decrease from $2,425,089 in 2024, representing a decline of about 12.2%[20] - The company reported a net cash used in investing activities of $896,565 for the nine months ended September 30, 2025, compared to $883,608 in 2024, indicating a slight increase of approximately 1.5%[20] - Cash and cash equivalents increased to $204.51 million as of September 30, 2025, from $130.25 million at December 31, 2024, a significant rise of 57%[9] - The balance of cash and cash equivalents at the end of the period was $204,513 for September 30, 2025, compared to $115,613 for the same date in 2024, marking an increase of approximately 76.7%[20] Stock and Shareholder Activities - The company implemented a 15-for-1 forward stock split in June 2025, increasing the number of authorized common stock to 1.25 billion shares[23] - The Company repurchased 4,282 shares of common stock for a total investment of $420 million at an average price of $98.08 per share during the three months ended September 30, 2025[55] - The share repurchase program has a cumulative authorization amount of $27.8 billion, with $899 million remaining as of September 30, 2025[54] - The Company reported a total investment of $1.6 billion in share repurchases for the nine months ended September 30, 2025, with $899 million remaining under its share repurchase authorization[55] Expenses and Costs - The company experienced a significant increase in depreciation and amortization expenses, totaling $375,825 for the nine months ended September 30, 2025, compared to $339,324 in 2024, reflecting an increase of about 10.7%[20] - Total lease cost for Q3 2025 was $148,347, an increase from $137,182 in Q3 2024[39] - The company expensed matching contributions under its 401(k) Plan amounting to $42.7 million for the nine months ended September 30, 2025, compared to $40.7 million in 2024, an increase of 4.9%[67] - The total compensation expense for other share-based compensation plans was $9.0 million for the nine months ended September 30, 2025, compared to $7.6 million in 2024, marking an increase of 18.4%[66] Market and Segment Performance - Automotive aftermarket parts segment sales for Q3 2025 reached $4,705,696, a 7.8% increase from $4,364,437 in Q3 2024[26] - Gross profit for the automotive aftermarket parts segment in Q3 2025 was $2,439,946, up 8.4% from $2,251,225 in Q3 2024[26] - Sales to do-it-yourself customers for the nine months ended September 30, 2025, were $6.59 billion, up from $6.38 billion in 2024, reflecting a growth of 3.3%[58] Compliance and Regulatory - The Company remained in compliance with all covenants under the Credit Agreement as of September 30, 2025, including a minimum consolidated fixed charge coverage ratio of 2.50:1.00[45] - The effects of the tax reform legislation signed into law in July 2025 were immaterial and reflected in the financial statements for the periods ended September 30, 2025[22]