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Jun 30, 2023

O'Reilly Auto Q2 2023 Earnings Report

O'Reilly Automotive announced a leadership succession plan.

Key Takeaways

O'Reilly Automotive announced that CEO Greg Johnson will retire effective January 31, 2024. Co-President Brad Beckham will succeed Johnson as CEO, and Co-President Brent Kirby will be promoted to President.

Greg Johnson, the Company’s Chief Executive Officer, will retire from the Company effective January 31, 2024.

Brad Beckham, the Company’s Co-President, to succeed Mr. Johnson as CEO upon Mr. Johnson’s retirement.

Brent Kirby, the Company’s Co-President, will be promoted to President upon Mr. Johnson’s retirement.

As of June 30, 2023, the Company operated 6,071 stores across 48 U.S. states, Puerto Rico, and Mexico.

Total Revenue
$4.07B
Previous year: $3.67B
+10.8%
EPS
$10.2
Previous year: $8.78
+16.4%
Gross Profit
$2.09B
Previous year: $1.88B
+10.7%
Cash and Equivalents
$57.9M
Previous year: $254M
-77.2%
Free Cash Flow
$700M
Previous year: $577M
+21.3%
Total Assets
$13.3B
Previous year: $12.1B
+10.0%

O'Reilly Auto

O'Reilly Auto

Forward Guidance

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.