O'Reilly Automotive, Inc. (ORLY) CEO Greg Johnson on Q2 2022 Results - Earnings Call Transcript

O’Reilly Automotive, Inc. (NASDAQ:ORLY) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET

Company Participants

Jeremy Fletcher – Chief Financial Officer

Greg Johnson – President and Chief Executive Officer

Brad Beckham – Chief Operating Officer

Brent Kirby – Chief Supply Chain Officer

Conference Call Participants

Michael Lasser – UBS

Michael Baker – Davidson

Simeon Gutman – Morgan Stanley

Scot Ciccarelli – Truist Securities

Zack Fadem – Wells Fargo

Chris Horvers – JPMorgan

Brian Nagel – Oppenheimer

Bret Jordan – Jefferies

Liz Suzuki – Bank of America

Operator

Welcome to the O’Reilly Automotive, Inc. Second Quarter 2022 Earnings Conference Call. My name is Cheryl, 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, Cheryl. Good morning, everyone, and thank you for joining us. During today’s conference call, we will discuss our second quarter 2022 results and our outlook for the remainder of the year. 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, 2021, 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 Greg Johnson.

Greg Johnson

Thanks, Jeremy. Good morning, everyone, and welcome to the O’Reilly Auto Parts second quarter conference call. Participating on the call with me this morning are Brad Beckham, our Chief Operating Officer; and Jeremy Fletcher, our Chief Financial Officer; Brent Kirby, our Chief Supply Chain Officer; Greg Henslee, our Executive Chairman; and David O’Reilly, our Executive Vice Chairman, are also present on the call. I’d also like to welcome Jeremy to his first earnings call.