O'Reilly Automotive, Inc. (ORLY) CEO Greg Johnson On Q1 2022 Results - Earnings Call Transcript

O'Reilly Automotive, Inc. (NASDAQ:ORLY) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET

Company Participants

Tom McFall - Executive Vice President and Chief Financial Officer

Greg Johnson - President and Chief Executive Officer

Brad Beckham - Executive Vice President and Chief Operating Officer

Conference Call Participants

Greg Melich - Evercore ISI

Chris Horvers - JP Morgan

Zach Fadem - Wells Fargo

Brian Nagel - Oppenheimer

Bret Jordan - Jefferies

Seth Basham - Wedbush Securities

Simeon Gutman - Morgan Stanley

Scot Ciccarelli - Truist

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:03 Welcome to the O'Reilly Automotive Incorporated First Quarter 2022 Earnings Conference. My name is Richard, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a 30-minute question-and-answer session. [Operator Instructions]

00:26 I will now turn the call over to Tom McFall. Mr. McFall, you may begin.

Tom McFall

00:31 Thank you, Richard. Good morning, everyone and thank you for joining us. During today's conference call, we will discuss our first quarter 2022 results and our full-year outlook for the remainder of 2022. After our prepared comments, we'll host a question-and-answer period.

00:48 Before we begin this morning, I'd 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 31st, 2021, and other recent SEC filings. The company assumes no obligation to update any forward-looking statements made during this call.

01:35 At this time, I would like to introduce Greg Johnson.

Greg Johnson

01:39 Thanks, Tom. Good morning, everyone and welcome to the O'Reilly Auto Parts first quarter conference call. Participating on the call with me this morning are Brad Beckham, our Chief Operating Officer; and Tom McFall, 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.