O’Reilly Automotive, Inc. (ORLY) Presents at forty ninth Annual Automotive Symposium Transcript

Brian Sponheimer
Gabelli Funds, LLC

Okay. Transferring alongside, one other completely terrific firm and one which has been an incredible funding for buyers who’ve entered nearly at any level over the course of the final 20 years at O’Reilly Automotive, one of many main aftermarket components retailer and distributors which might be on the market. Simply an absolute rocket ship from a inventory perspective, slightly below 850 million, really lower than that now. I am going to use the numbers when the e book went to print, however about an $86 billion fairness cap firm, a couple of $92 billion whole enterprise worth.

We’re delighted to have Brent Kirby, the corporate’s President; after which Jeremy Fletcher, the corporate’s CFO, right here. And I am going to let their numbers and their phrases communicate for them versus me. However thanks, gents, very a lot for being right here.

Brent Kirby
President

Thanks.

Jeremy Fletcher
Government VP & CFO

Thanks.

Brian Sponheimer
Gabelli Funds, LLC

I suppose simply to start out, I feel that your story is nicely sufficient recognized on this room, however perhaps to simply take a few minutes about what you have seen over the course of the final 6 months to a 12 months and the place you see O’Reilly progressing for the following couple?

Brent Kirby
President

Positive. Sure, I can begin. Good afternoon. Sure. O’Reilly, only a fast background on the corporate. I feel most everyone is aware of, however the firm began in 1957, Springfield, Missouri, the O’Reilly household began as a household enterprise, warehouse distributor