Penske Automotive Group, Inc. (NYSE:PAG) Q3 2023 Earnings Conference Call October 25, 2023 2:00 PM ET
Company Participants
Anthony Pordon - Executive Vice President, Investor Relations and Corporate Development
Roger Penske - Chair and CEO
Shelley Hulgrave - Executive Vice President and CFO
Rich Shearing - North American Interoperations
Randall Seymore - International Operations
Tony Facione - Vice President and Corporate Controller
Conference Call Participants
John Murphy - Bank of America
Michael Ward - Benchmark
Daniel Imbro - Stephens
Rajat Gupta - JPMorgan
John Healy - North Coast Research
David Whiston - Morningstar
Operator
Ladies and gentlemen, good afternoon. Welcome to the Penske Automotive Third Quarter 2023 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately 1 hour after completion through November 2, 2023, on the company’s website under the Investors tab at www.penskeautomotive.com. [Operator Instructions]
I’d now like to introduce Anthony Pordon, the company’s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.
Anthony Pordon
Thank you, Leah. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group’s third quarter 2023 financial results was issued this morning and is posted on our website, along with the presentation designed to assist you in understanding the company’s results. As always, I am available by e-mail or phone for any follow-up questions you may have.
Joining me for today’s call is Roger Penske, our Chair and CEO; Shelley Hulgrave, EVP and Chief Financial Officer; Rich Shearing of North American Interoperations; Randall Seymore, International Operations; and Tony Facione, our Vice President and Corporate Controller.
Our discussion today may include forward-looking statements about our operations, earnings potential, outlook, future events, growth plans, liquidity and assessment of business conditions. We may also discuss certain non-GAAP financial measures, such as earnings before interest, taxes, depreciation and amortization or EBITDA and our leverage ratio.
We have prominently presented the comparable GAAP measures and have reconciled the non-GAAP measures in this morning’s press release and investor presentation, which are available on our website to the most directly comparable GAAP measures.
Our future results may vary from our expectation because of risks and uncertainties outlined in today’s press release under Forward-Looking Statements. I’d also direct you to our SEC filings, including our Form 10-K and previously filed Form 10-Qs for additional discussion and factors that could cause future results to differ materially from expectations.