UPDATE: O'Reilly Automotive (ORLY) Tops Q4 EPS by 9c, Offers Q1 & FY Guidance, Increases Buyback by $500M
O'Reilly Automotive (NASDAQ: ORLY) reported Q4 EPS of $1.76, $0.09 better than the analyst estimate of $1.67. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.74 billion.
O'Reilly Automotive sees FY15 of $8.20-$8.30, versus the consensus of $8.33. O'Reilly Automotive sees FY15 revenue of $7.6-7.8 billion, versus the consensus of $7.68 billion.
1st Quarter and Full-Year 2015 Guidance
The table below outlines the Company's guidance for selected first quarter and full-year 2015 financial data:
| For the Three Months Ending March 31, 2015 | For the Year Ending December 31, 2015 | |
| New store openings | 205 | |
| Comparable store sales | 3% to 5% | 3% to 5% |
| Total revenue | $7.6 billion to $7.8 billion | |
| Gross profit as a percentage of sales | 51.8% to 52.2% | |
| Operating income as a percentage of sales | 18.1% to 18.5% | |
| Diluted earnings per share (1) | $1.89 to $1.93 | $8.20 to $8.30 |
| Capital expenditures | $400 million to $430 million | |
| Free cash flow (2) | $675 million to $725 million | |
Today, the Company also announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $500 million, raising the aggregate authorization under the program to $5.0 billion. The additional $500 million authorization is effective for a three-year period, beginning on February 4, 2015. Stock repurchases under the program may be made from time to time, as the Company deems appropriate, solely through open market repurchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate requirements and overall market conditions. There can be no assurance as to the number of shares the Company will purchase, if any. The share repurchase program may be increased or otherwise modified, renewed, suspended or terminated by the Company at any time, without prior notice. As of the date of this release, the Company had approximately $770 million remaining under its current share repurchase authorizations.
For earnings history and earnings-related data on O'Reilly Automotive (ORLY) click here.