O'Reilly Automotive Inc ORLY
Q4 2010 Earnings Call Transcript

Transcript Call Date 02/17/2011

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

Thank you. I will now turn the call over to your host, Mr. McFall, Chief Financial Officer. Sir, you may begin your conference.

Tom McFall - CFO and EVP, Finance: Thank you, Lushey. 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 protection 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 development, CSK DOJ investigation resolution, integration and expansion strategy, business 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 such as the integration 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 fourth quarter and year end 2010 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. David O'Reilly, our Executive Chairman is also present.

First, I'd like to congratulate all the Team O'Reilly on the outstanding results, both for the quarter and for the year. Our performance across all markets in the fourth quarter continued at a strong pace and we should all be very proud of our industry-leading comparable store sales performance in 2010.

Our outstanding performance is a result of the great job our team members do living up to the reputation O'Reilly auto parts has built over the years. Customers, both do-it-yourself and professionals, have very high expectations of us based on their past experiences and our reputation in each market.

Read our Earnings Call Transcript disclaimer.
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