After the close on July 24, O'Reilly Automotive
- Sales advanced 8.8% to $643.1 million, but net margins fell slightly as selling, general, and administrative expenses increased 12.6% in the quarter.
- Comparable-store sales continue to rise. They were 2% for the quarter and 4.3% for the first half of the year. Cars always need parts.
- Investors have taken a shine to O'Reilly, which is rated a perfect five stars in Motley Fool CAPS, with 98% of investors predicting it will outperform the S&P 500.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$643.1 |
$591.2 |
8.8% |
|
Net Profit |
$51.9 |
$49.3 |
5.2% |
|
EPS |
$0.45 |
$0.43 |
4.7% |
|
Diluted Shares |
116.1 |
115.2 |
0.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
44.7% |
44.1% |
0.6 |
|
Operating Margin |
12.7% |
13.2% |
(0.5) |
|
Net Margin |
8.1% |
8.3% |
(0.2) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$92.5 |
$55.2 |
67.4% |
|
Accounts Rec. |
$141.0 |
$144.9 |
(2.7%) |
|
Inventory |
$853.1 |
$799.2 |
6.7% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$393.9 |
$358.1 |
10.0% |
|
Long-Term Debt* |
$100.6 |
$101.0 |
(0.4%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
Looks like somebody drove off with O'Reilly's cash flow statement.
Free cash flow is a Fool's best friend.
Related Foolishness:
- Pep Boys' Sales Stall
- O'Reilly Cruises the Earnings Highway: Fool by Numbers
- O'Reilly Goin' All-Righty
Small caps. Large caps. Fool CAPS! The Motley Fool's investor-intelligence community rates thousands of stocks to help you improve your own stock selections. Join today for a fun new way to research stocks.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Fool contributor Mike Cianciolo held no position in O'Reilly Automotive.
