O'Reilly Automotive, Inc. Announces Additional $500 Million Share Repurchase Authorization
10 Agosto 2012 - 5:30PM
O'Reilly Automotive, Inc. (the "Company") (Nasdaq:ORLY), a leading
retailer in the automotive aftermarket industry, today 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 $2.5 billion.
The additional $500 million authorization is effective for a
three-year period, beginning on August 10, 2012. Stock repurchases
under the program may be made from time to time, as the Company
deems appropriate, solely through open market purchases 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.
About O'Reilly Automotive, Inc.
O'Reilly Automotive, Inc. is one of the largest specialty
retailers of automotive aftermarket parts, tools, supplies,
equipment and accessories in the United States, serving both the
do-it-yourself and professional service provider
markets. Founded in 1957 by the O'Reilly family, the Company
operated 3,859 stores in 39 states as of June 30, 2012.
The O'Reilly Automotive, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5430
Forward-Looking Statements
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 press release 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 revenues and future
performance. These forward-looking statements are based on
estimates, projections, beliefs and assumptions and 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 such as CSK, 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, 2011, for additional factors that could
materially affect the Company's financial performance. The
Company undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: For further information contact:
Investor & Media Contact
Mark Merz (417) 829-5878
O Reilly Automotive (NASDAQ:ORLY)
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