O'Reilly Automotive Inc. - Conference Presentation Calls

O'Reilly Automotive Inc. provided earnings outlook for the year 2009. For the year, the company expects capital expenditure to be $400 million to $429 million.

O'Reilly Automotive Inc. reported unaudited consolidated earnings for the third quarter and nine months ended September 30, 2009. Sales for the three months ended September 30, 2009, totaled $1.26 billion, up 13% from $1.11 billion for the same period a year ago. Net income for the third quarter ended September 30, 2009, totaled $87 million, up 111% from $41 million for the same period in 2008. Diluted earnings per common share for the third quarter of 2009 increased 103% to $0.63 on 138.7 million shares compared to $0.31 for the third quarter of 2008 on 133.1 million shares. The company reported operating income of $149.196 million and income before income taxes of $139.275 million compared to the operating income of $92.471 million and income before income taxes of $412.207 million for the same period a year ago. Adjusted diluted earnings per share, excluding the impact of the acquisition related charges, increased 58% to $0.63 for the third quarter of 2009 from $0.40 for the same period one year ago. The company reported adjusted net income of $87.944 million compared to the adjusted net income of $53.055 million for the same period a year ago. Sales for the first nine months of 2009 totaled $3.67 billion, up 49% from $2.46 billion for the same period a year ago. Net income for the first nine months of 2009 totaled $236 million, up 64% from $144 million for the same period a year ago. Diluted earnings per common share for the first nine months of 2009 increased 45% to $1.71 on 137.4 million shares compared to $1.18 a year ago on 122.1 million shares. The company reported operating income of $412.207 million and income before income taxes of $380.928 million compared to the operating income of $255.015 million and income before income taxes of $233.918 million for the same period a year ago. Adjusted diluted earnings per share, excluding the impact of the acquisition related charges, increased 37% to $1.74 for the first nine months of 2009 from $1.27 for the same period one year ago. The company reported that net cash provided by operating activities of $288.980 million compared to the net cash provided by operating activities of $289.297 million for the same period a year ago. The company reported return on equity of 11.9% and return on assets of 6.5% compared to the return on equity of 11.2% and return on assets of 7.2% for the same period a year ago. The company announced capital expenditure of $86.023 million compared to the capital expenditure of $134.470 million for the same period a year ago. The company reported adjusted net income of $238.757 million compared to the adjusted net income of $155.174 million for the same period a year ago. The Company estimates diluted earnings per share for the fourth quarter of 2009 to range from $0.47 to $0.51 and estimates diluted earnings per share for the year ended December 31, 2009, to range from $2.18 to $2.22. Excluding the expected impact of acquisition charges for trade names and trademarks related to the acquisition of CSK of $0.03 for the year ended December 31, 2009, adjusted diluted earnings per share is expected to range from $2.21 to $2.25.