secwatch.observer — SEC 8-K summary
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Issuer:     O REILLY AUTOMOTIVE INC (ORLY)
CIK:        0000898173
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000898173-23-000041
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/0000898173-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898173/000089817323000041/orly-20230726x8k.htm
  HTML page:      https://secwatch.observer/filing/0000898173-23-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer