---
schema_version: "secwatch.filing_event.v1"
accession: "0000898173-23-000041"
form_type: "8-K"
ticker: "ORLY"
cik: "0000898173"
company_name: "O REILLY AUTOMOTIVE INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:37:17.289881+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000898173-23-000041
- form_type: 8-K
- ticker: ORLY
- cik: 0000898173
- company_name: O REILLY AUTOMOTIVE INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/orly-20230726x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000898173-23-000041
- JSON: https://secwatch.observer/filing/0000898173-23-000041.json
- Plain text: https://secwatch.observer/filing/0000898173-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm
- Executive change
  Brent Kirby changed role as President at O REILLY AUTOMOTIVE INC.
  - Action: promoted
  - Role: President
  source text: The Board has also determined that Brent Kirby, the Company’s Co-President, will be promoted to President upon Mr. Johnson’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm
- Executive change
  Brad Beckham changed role as Chief Executive Officer at O REILLY AUTOMOTIVE INC.
  - Action: selected to succeed
  - Role: Chief Executive Officer
  source text: The Board has selected Brad Beckham, the Company’s Co-President, to succeed Mr. Johnson as CEO upon Mr. Johnson’s retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm
- Executive change
  Greg Johnson departed as Chief Executive Officer at O REILLY AUTOMOTIVE INC.
  - Action: retire
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.