8-K filed July 26, 2023, 7:59 PM ET ticker ORLY CIK 0000898173

leadership confidence high sentiment positive materiality 0.80

CEO Greg Johnson to retire Jan 2024; Q2 EPS $10.22, comps +9%, guidance raised

O REILLY AUTOMOTIVE INC

CEO Greg Johnson retiring effective Jan 31, 2024; Brad Beckham to succeed as CEO, Brent Kirby to President.
Q2 revenue $4.07B (+11% YoY); diluted EPS $10.22 (+16% YoY); net income $627M (+9% YoY).
Comparable store sales +9.0% in Q2; full-year comp guidance raised to 5%-7% (from 4%-6%).
Share repurchases: 2.1M shares for $1.79B in H1 (avg $849.48); $1.81B remaining under authorization.
Operating income $854M (+7% YoY); gross margin 51.3%; FY2023 EPS guidance $37.05-$37.55.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brent Kirby

President

ORLY · O REILLY AUTOMOTIVE INC

Effective: 2024-01-31
Filed: July 26, 2023, 7:59 PM ET

The Board has also determined that Brent Kirby, the Company’s Co-President, will be promoted to President upon Mr. Johnson’s retirement.

Role change

Brad Beckham

Chief Executive Officer

ORLY · O REILLY AUTOMOTIVE INC

Effective: 2024-01-31
Filed: July 26, 2023, 7:59 PM ET

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

Departed

Greg Johnson

Chief Executive Officer

ORLY · O REILLY AUTOMOTIVE INC

Effective: 2024-01-31
Successor: Brad Beckham
Filed: July 26, 2023, 7:59 PM ET

Greg Johnson, the Company’s Chief Executive Officer (“CEO”), informed the Company’s Board of Directors (the “Board”) of his intention to retire from the Company effective January 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

O REILLY AUTOMOTIVE INC reported second quarter ended June 30, 2023 results: revenue $4.07 billion, net income $627 million, EPS $10.22.

Period: second quarter ended June 30, 2023
Revenue: $4.07 billion
Net income: $627 million
EPS: $10.22
Result: reported results

Exact text from the filing

focus on delivering industry-leading service to our customers each and every day.” Sales for the second quarter ended June 30, 2023, increased $398 million, or 11%, to $4.07 billion from $3.67 billion for the same period one year ago. Gross profit for the second quarter increased 11% to $2.09 billion (or 51.3% of sales) from $1.88 billion (or 51.3% of

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Kirby changed role as President at O REILLY AUTOMOTIVE INC.

Action: promoted
Role: President

Exact text from the filing

The Board has also determined that Brent Kirby, the Company’s Co-President, will be promoted to President upon Mr. Johnson’s retirement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brad Beckham changed role as Chief Executive Officer at O REILLY AUTOMOTIVE INC.

Action: selected to succeed
Role: Chief Executive Officer

Exact text from the filing

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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Johnson departed as Chief Executive Officer at O REILLY AUTOMOTIVE INC.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

Greg Johnson, the Company’s Chief Executive Officer (“CEO”), informed the Company’s Board of Directors (the “Board”) of his intention to retire from the Company effective January 31, 2024.

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

O REILLY AUTOMOTIVE INC filing history →

Source: SEC EDGAR

accession 0000898173-23-000041

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.