On April 24, O'Reilly Automotive
- Same-store sales accelerated 6.8%, helping to drive revenue up 14.3% from the first quarter of 2006.
- Management fine-tuned gross margins mainly through investment in technology, improved product mix, and distribution efficiencies.
- To work toward its target of opening 190 to 195 new stores in 2007, the company opened 47 new stores in the first quarter.
- The Motley Fool CAPS community gives O'Reilly four stars. Meanwhile, the competition can't quite keep up; Advance Auto Parts
(NYSE:AAP) ranks one star lower, while AutoZone(NYSE:AZO) only gets two stars.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$613.1 |
$536.5 |
14.3% |
|
Net Profit |
$48.4 |
$40.6 |
19.3% |
|
EPS |
$0.42 |
$0.35 |
20% |
|
Diluted Shares |
115.5 |
114.6 |
0.8% |
Get back to basics with the income statement.
Margin Checkup|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.9% |
43.5% |
0.4 |
|
Operating Margin |
12.6% |
12.1% |
0.5 |
|
Net Margin |
7.9% |
7.6% |
0.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$90.2 |
$55.3 |
63.2% |
|
Accounts Rec. |
$134.1 |
$134.9 |
(0.6%) |
|
Inventory |
$825.2 |
$753.8 |
9.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$372.1 |
$312.5 |
19.1% |
|
Long-Term Debt |
$100.4 |
$25.4 |
294.7% |
The balance sheet reflects the company's health.
Cash Flow Information
O'Reilly's managers must have been too busy tuning up their own cars for spring. They forgot to include a cash flow statement.
Free cash flow is a Fool's best friend.
Related Foolishness:
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