O'Reilly Auto Parts 2007 Annual Report Download - page 6

in one of our stronghold markets. Acquisitions
have historically been a key component of
our growth, and we continue to view our
company as a consolidator in the automotive
aftermarket industry. We will not waver
from our commitment to profitable growth
in our expansion strategy and will continue
to exercise discipline in our selection of
acquisition targets that fit our culture and
return value to our shareholders. As each
member of Team O’Reilly helps drive us on
to achieving our sales goals, our customers
and shareholders will reap the rewards of
our continued success.
From the 11 team members who joined
our founders to open the first O’Reilly Auto
Parts store in 1957 to the 23,576 team
members who staff our 1,830 stores,
14 distribution centers and corporate
offices today, the culture at Team O’Reilly
has truly been the foundation that has always
set our company apart and allowed us to
become the dominant auto parts supplier
in the markets we serve. We understand
that “culture” or “core values” is a popular
and even overused conversation point for
many companies. Our culture goes beyond
a catchy corporate slogan … it is reflected
in the daily activities of each of our team
members. We understand the importance
of our culture and the impact it has had
on our 50 years as a company, and our top
priority is perpetuating our culture values
which have been such a meaningful
contributor to our success.
On behalf of Team O’Reilly, we want to
express appreciation to our valued customers
and shareholders. We are extremely excited
about the outlook for O’Reilly Auto Parts
and pledge to be the dominant auto parts
supplier in our markets.
4
Our co-founder, C.F. O’Reilly once said, “People do business with people
they like”. Highly trained Parts Specialists offer industry leading customer
service to each and every one of our customers.
DAVI D O’REILLY
Chairman of the Board
GREG HENSLEE
Chief Executive Officer and
Co-President
TED WISE
Chief Operating Officer and
Co-President
TOM MCFALL
Chief Financial Officer and
Executive Vice President
2001
O’Reilly acquired Mid-State Automotive
Distributors, ending 2001 with
875 stores, 12,676 team members
and over $1 billion in sales.
1998
O’Reilly merged with Hi/LO Auto Supply,
adding 182 stores in Texas and Louisiana,
as well as a distribution center in
Houston, Texas. is merger increased
our total store count to 491 stores.
2005
O’Reilly reached $2 billion in sales and
purchased Midwest Automotive Distributors,
Inc., adding 71 stores in Minnesota,
Montana, North Dakota, South Dakota,
Wisconsin and Wyoming, and DCs in
St. Paul, Minn. and Billings, Mont.
2007
Team O’Reilly celebrated 50 years
in the auto parts industry with
1,830 stores, 23,576 team members
and over $2.5 billion in sales.