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O’Reilly Automotive, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Announces Additional $1.0 Billion Repurchase Authorization
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By Counterman
Who gets to drive the Corvette?
That was the question on everyone’s mind this week when Crow-Burlingame announced its 2022 President’s Council winners. Launched in 2006, The President’s Council is a yearly award that recognizes the company’s top 12 store managers in areas such as sales, profit, inventory management and expense control.
Winners receive commemorative plaques, custom apparel and an all-expenses paid trip to the Aftermarket Jackpot in Las Vegas this November. Those who have won three times or more also receive the prestigious President’s Council ring.
But ask anyone: The biggest motivator is the Corvette. Each winner gets the Corvette delivered to their town, and then it’s theirs to drive for a month – with everything from car washes to oil changes and gas paid for by the company.
Winners get to choose from two this year. One is a 2019 Seabring Orange convertible with a V-8 engine. “It comes with everything Corvette offers except the turbo and standard shift,” VP & General Manager Tom Singleton told the group.
“The other Corvette, a white 2014 model, is exactly the same, except the interior is red and it’s five years older,” Singleton added.
Bryan Jones, a five-time winner from Fayetteville, Arkansas, was hoping to score the car during late October/early November. He grinned when it was his turn to name his car choice (the white one) and his month (officially November, but with the wiggle room usually given to winners who have a special occasion they are hoping to attend and show off the car).
“My daughter is getting married on Oct. 30,” Jones said. “I need the car that weekend!”
Thomas Martin, who officially retired in 2015 from Crow-Burlingame after 28 years of service, still serves as the official Corvette wrangler. It’s his job to keep the Corvette fleet in tip-top condition, and he facilitate the transfers between each winning manager. (Driving the ‘Vette between
destinations is a dirty job, but someone has to do it.)
He is the final word on dates. “We can definitely make that happen,” Martin said.
The other 11 winners nod and smile in agreement. It’s a family-owned company – since 1919 – and they wouldn’t have it any other way.
Think you have what it takes to win a month with the Corvette? Check out the job openings at link hidden, please login to view.
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By Counterman
Genuine Parts Company (GPC) announced record second-quarter sales of $5.6 billion, up 17.1% from $4.8 billion in second-quarter 2021.
Comparable-store sales jumped 11.5%, and acquisitions contributed 8.8% to second-quarter sales growth, according to the company.
Diluted earnings per share skyrocketed 92.6% to $2.62.
“GPC achieved another record quarter, consisting of double-digit sales and earnings increases and a steady cadence of continued growth,” said Paul Donahue, chairman and chief executive officer. “We are benefiting from the resiliency of our automotive and industrial businesses and the strategic mix of our operations. We want to thank our 53,000 talented GPC teammates for their exceptional work and commitment to excellence.”
Sales for the Automotive Parts Group were up 8.5% to $3.5 billion. An 8.4% global increase in comparable sales and a 4.5% contribution from acquisitions buoyed automotive sales.
“Our second-quarter results were driven by exceptional execution from our teammates along with the continued focus on our strategic investments, which delivered strong sales and margin expansion in both segments,” President Will Stengel said. “In addition, we were pleased to further strengthen our balance sheet and generate continued strong cash flow.
“The strength in automotive was broad-based across our global operations. Likewise, the continued strength in industrial led to its fifth consecutive quarter of double-digit sales comps.”
Sales for first six months of 2021 were $10.9 billion, up 17.8% from $9.2 billion for the same period in 2021.
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By OReilly Auto Parts
SPRINGFIELD, Mo., July 27, 2022 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its second quarter ended June 30, 2022.
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