Group 1 Automotive, Inc. (NYSE:GPI) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET

Company Participants

Pete DeLongchamps - Senior Vice President, Manufacturer Relations, Financial Services & Public Affairs

Earl Hesterberg - Chief Executive Officer

Daryl Kenningham - President & Chief Operating Officer

Daniel McHenry - Senior Vice President & Chief Financial Officer

Conference Call Participants

Daniel Imbro - Stephens

Michael Ward - Benchmark

John Murphy - Bank of America

Rajat Gupta - JPMorgan

Ali Faghri - Guggenheim

Operator

Good morning, ladies and gentlemen. Welcome to Group 1 Automotive's 2022 Third Quarter Financial Results Conference Call. Please be advised that this call is being recorded.

I'd now like to turn the call over to Mr. Pete DeLongchamps, Group 1's Senior Vice President of Manufacturer Relations, Financial Services and Public Affairs. Please go ahead, Mr. DeLongchamps.

Pete DeLongchamps

Thank you, Anthony, and good morning, everyone, and welcome to today's call. The earnings release we issued this morning and a related slide presentation that include reconciliations related to the adjusted results we will refer to on this call for comparison purposes have been posted to Group 1's website.

Before we begin, I'd like to make some brief remarks about forward-looking statements and the use of non-GAAP financial measures. Except for historical information mentioned during the conference call, statements made by management of Group 1 Automotive are forward-looking statements that are pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve both known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results.

Those risks include, but are not limited to, risks associated with pricing, volume, inventory supply due to increased customer demand and reduced manufacturing production levels due to component shortages, conditions of markets and adverse developments in the global economy as well as the public health prices related to the COVID-19 virus, and resulting impacts on the demand for new and used vehicles, and related services.

Those and other risks are described in the company's filings with the Securities and Exchange Commission. In addition, certain non-GAAP financial measures, as defined under SEC rules, may be discussed on this call. As required by applicable SEC rules, the company provides reconciliations of any such non-GAAP financial measures to the most directly comparable GAAP measures on its website.

Participating with me today on the call Earl Hesterberg, our Chief Executive Officer; Daryl Kenningham, President and Chief Operating Officer; and Daniel McHenry, Senior Vice President and Chief Financial Officer.