O’Reilly Automotive, Inc. Announces Additional $1 Billion Share Repurchase Authorization
31 Maio 2019 - 5:30PM
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (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 $1 billion, raising the aggregate
authorization under the program to $12.75 billion.
The additional $1 billion authorization is
effective for a three-year period, beginning on May 31, 2019.
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. was founded in 1957 by the
O’Reilly family and 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. Visit the
Company’s website at www.OReillyAuto.com for additional
information about O’Reilly, including access to online shopping and
current promotions, store locations, hours and services, employment
opportunities and other programs. As of March 31, 2019, the
Company operated 5,306 stores in 47 states.
Forward-Looking StatementsThe
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 “estimate,”
“may,” “could,” “will,” “believe,” “expect,” “would,” “consider,”
“should,” “anticipate,” “project,” “plan,” “intend” 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, the economy in general, inflation, tariffs, product
demand, the market for auto parts, competition, weather, risks
associated with the performance of acquired businesses, our ability
to hire and retain qualified employees, consumer debt levels, our
increased debt levels, credit ratings on public debt, governmental
regulations, information security and cyber-attacks, 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, 2018, and subsequent Securities and
Exchange Commission filings for additional factors that could
materially affect the Company’s financial performance.
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.
For further information
contact: |
Investor & Media
Contact |
|
Mark Merz (417) 829-5878 |
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