O’Reilly Automotive Inc. on Wednesday reported record fourth-quarter earnings and revenue, and it announced a $500 million increase in its share repurchase program.
The Springfield, Mo.-based auto parts supply chain said earnings in the three months ending Dec. 31 climbed 19 percent to $182 million from the same period in 2013.
Revenue climbed 9 percent in the fourth quarter to $1.76 billion.
O’Reilly also said its board approved a $500 million increase in the company’s share repurchase program, raising the total authorization under the plan to $5 billion.
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