ORLY - O'Reilly Automotive Inc. (ORLY) Q4 2023 Earnings Call Transcript
2024-02-08 15:50:24 ET
O'Reilly Automotive, Inc. (ORLY)
Q4 2023 Earnings Conference Call
February 8, 2024 11:00 ET
Company Participants
Jeremy Fletcher - Chief Financial Officer
Brad Beckham - Chief Executive Officer
Brent Kirby - President
Conference Call Participants
Joshua Young - Truist Securities
Kate McShane - Goldman Sachs
Mike Baker - D.A. Davidson
Michael Lasser - UBS
Simeon Gutman - Morgan Stanley
Greg Melich - Evercore
Presentation
Operator
Welcome to the O’Reilly Automotive, Inc. Fourth Quarter and Full Year 2023 Earnings Call. My name is Matthew and I will be your operator for today’s call. [Operator Instructions] I will now turn the call over to Jeremy Fletcher. Mr. Fletcher, you may begin.
Jeremy Fletcher
Thank you, Matthew. Good morning, everyone and thank you for joining us. During today’s conference call, we will discuss our fourth quarter and full year 2023 results and our outlook for 2024. After our prepared comments, we will host a question-and-answer period.
Before we begin this morning, I would like to remind everyone that our comments today contain forward-looking statements and we intend to be covered by and we claim the protection under the Safe Harbor provisions for forward-looking statements contained in 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. The company’s actual results could differ materially from any forward-looking statements due to several important factors described in the company’s latest annual report on Form 10-K for the year ended December 31, 2022 and other recent SEC filings. The company assumes no obligation to update any forward-looking statements made during this call.
At this time, I would like to introduce Brad Beckham.
Brad Beckham
Thanks, Jeremy. Good morning, everyone and welcome to the O’Reilly Auto Parts fourth quarter conference call. Participating on the call with me this morning are Brent Kirby, our President; and Jeremy Fletcher, our Chief Financial Officer. Greg Henslee, our Executive Chairman and David O’Reilly, our Executive Vice Chairman are also present on the call.
I’d like to begin our call this morning by congratulating Team O’Reilly on another strong performance in the fourth quarter. Our team faced our toughest prior year comparisons where we generated 9% comparable store sales in the fourth quarter last year, which represented our strongest quarterly performance in 2022....
O'Reilly Automotive, Inc. (ORLY) Q4 2023 Earnings Call Transcript