(Source: Datamonitor)
O'Reilly Automotive, a retailer of automotive aftermarket parts, tools, supplies, equipment and accessories, has reported a net income of $87.22 million, or $0.63 per diluted share, for the third quarter ended September 30, 2009, up 111%, compared to $41.4 million, or $0.31 per diluted share, for the same quarter of 2008.
For the third quarter of 2009, sales were $1.26 billion, up 13%, compared to $1.11 billion for the same quarter of 2008.
For the first nine months of 2009, sales were $3.67 billion, up 49%, compared to $2.46 billion for the same quarter of 2008. Net income was $235.57 million, or $1.71 per diluted share, up 64%, compared to $143.52 million, or $1.18 per diluted share, for the same period a year ago.
Greg Henslee, CEO and co-president of O'Reilly Automotive, said: "We are proud to announce another very profitable quarter, highlighted by a 58% increase in adjusted diluted earnings per share and a 103% increase in diluted earnings per share. These results were driven by a solid consolidated comparable store sales increase of 5.3% and continued improvement in our gross margin results fueled by improved acquisition costs as the result of our increased purchasing power."
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