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O'Reilly Automotive Inc ORLY
Q2 2013 Earnings Call Transcript

Transcript Call Date 07/25/2013

Operator: Welcome to the O'Reilly Automotive, Inc., Second Quarter Earnings Release Conference Call. My name is Robert and I will be your operator for today's call. At this time, all participants are in a listen-only mode, later we will conduct a question-and-answer session.

I will now turn the call over to Mr. Tom McFall. Mr. McFall, you may begin.

Thomas G. McFall - CFO, EVP of Finance: Thank you, Robert. 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. You can identify these statements by forward-looking words such as expect, believe, anticipate, should, plan, intend, estimate, project, will, or similar words.

In addition, statements contained within this earnings release and on this conference call that are not historical facts are forward-looking statements, such as statements discussing among other things, expected growth, store development, integration and expansion strategy, business strategies, future revenue 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 regulations, the Company's increased debt levels, credit ratings on the Company's public debt, the Company's ability to hire and retain qualified employees, risks associated with the performance of acquired businesses, 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 Annual Report on Form 10-K for the year ended December 31, 2012 for additional factors that could materially affect the Company's financial performance. These forward-looking statements speak only as of the date they were made and the Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events, or otherwise except as required by applicable law.

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

Gregory L. Henslee - Co-President and CEO: Thanks, Tom. Good morning, everyone and welcome to the O'Reilly Auto Parts second quarter conference call. Participating on the call with me this morning is, of course, Tom McFall, our Chief Financial Officer; and Jeff Shaw, our Executive Vice President of Store Operations and Sales. David O'Reilly, our Executive Chairman and Ted Wise, our Executive Vice President of Expansion are also present.

It’s my pleasure to once again congratulate team O'Reilly on another outstanding performance in the second quarter, made possible by our unwavering commitment to providing consistently excellent service to our valued customers. We’re very proud of our team's ability to generate comparable store sales growth of 6.5%, which exceed the 4% to 6% comp guidance we set for the second quarter.

Read our Earnings Call Transcript disclaimer.
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