O’Reilly Automotive, Inc. (ORLY) Presents at 49th Annual Automotive Symposium Transcript

Brian Sponheimer
Gabelli Funds, LLC

Okay. Moving along, another absolutely terrific company and one that has been an amazing investment for investors who have entered almost at any point over the course of the last 20 years at O’Reilly Automotive, one of the leading aftermarket parts retailer and distributors that are out there. Just an absolute rocket ship from a stock perspective, just under 850 million, actually less than that now. I’ll use the numbers when the book went to print, but about an $86 billion equity cap company, about a $92 billion total enterprise value.

We’re delighted to have Brent Kirby, the company’s President; and then Jeremy Fletcher, the company’s CFO, here. And I’ll let their numbers and their words speak for them as opposed to me. But thank you, gentlemen, very much for being here.

Brent Kirby
President

Thank you.

Jeremy Fletcher
Executive VP & CFO

Thank you.

Brian Sponheimer
Gabelli Funds, LLC

I guess just to start, I think that your story is well enough known in this room, but maybe to just take a couple of minutes about what you’ve seen over the course of the last 6 months to a year and where you see O’Reilly progressing for the next couple?

Brent Kirby
President

Sure. Yes, I can start. Good afternoon. Yes. O’Reilly, just a quick background on the company. I think most everybody knows, but the company started in 1957, Springfield, Missouri, the O’Reilly family started as a family business, warehouse distributor