O'Reilly Automotive Inc ORLY
Q2 2010 Earnings Call Transcript

Transcript Call Date 07/29/2010

Operator: Good morning. My name is Chantalle, and I will be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter 2010 O'Reilly Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

Now I would like to turn the call over to Mr. Tom McFall, Chief Financial Officer. Sir, you may begin.

Tom McFall - CFO and EVP, Finance: Thank you, Chantalle. Good morning, everyone and welcome to our conference call. Before I introduce Greg Henslee, our CEO, we have a brief statement. The Company claims the protections of the Safe Harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements can be identified by forward-looking words such as 'expect,' 'believe,' 'anticipate,' 'should,' 'plan,' 'intend,' 'estimate,' 'project,' 'will' or similar words. In addition, statements contained within this conference call that are not historical facts are forward-looking statements. Such as statements discussing among other things, expected growth, store developments, integration and business strategy, business strategies, expansion strategies, future revenues and future performance. These forward-looking statements are based on estimates, projections, beliefs and assumptions that are not guarantees of future events and results.

Such statements are subject to risks, uncertainties and assumptions, including, but not limited to, competition, product demand, the market for auto parts, the economy in general, inflation, consumer debt levels, governmental approvals, our ability to hire and retain qualified employees, risks associated with the integration of acquired businesses including the acquisition of CSK Auto Corporation, weather, terrorist activities, war and the threat of war. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the 'Risk Factors' section of the Company's Form 10-K for the year ended December 31, 2009, for more details.

At this time, I’d like to introduce Greg Henslee.

Greg Henslee - CEO and Co-President: Thanks, Tom. Good morning, everyone and welcome to our second quarter conference call. Participating on the call with me this morning is, of course Tom McFall, our Chief Financial Officer; and Ted Wise, our Chief Operating Officer.

I'd like to start off again by congratulating Team O'Reilly on the outstanding second quarter results. Our solid performance and continued success across the 38 states in which we do business is the result of the commitment each of you has made to our culture values. Embracing these values has been the bedrock of our Company's phenomenal growth over the years and it's so encouraging to see that the way we do business continues to be so successfully ingrained in our stores and distribution centers across all markets.

I strongly believe that we offer the very best service levels in our business and want to thank all of you for your hard work and dedication to the Company's continued success.

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