Group 1 Automotive, Inc. (NYSE:GPI) Q4 2023 Earnings Conference Call January 31, 2024 10:00 AM ET
Company Participants
Pete DeLongchamps - SVP of Manufacturer Relations, Financial Services and Public Affairs
Daryl Kenningham - President and CEO
Daniel McHenry - SVP and CFO
Conference Call Participants
John Murphy - Bank of America
Adam Jonas - Morgan Stanley
Rajat Gupta - JPMorgan
David Whiston - Morningstar
Daniel Imbro - Stephens Inc.
Michael Ward - Freedom Capital Markets
Operator
Good morning, ladies and gentlemen. Welcome to Group 1 Automotive's Fourth Quarter and Full Year 2023 Financial Results Conference Call. Please be advised for this call is being recorded.
I would now like to turn the floor 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, Jamie, 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 made 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 manufacturer production levels, conditions of markets, and adverse developments in the global economy and resulting impacts on 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 on the call today Daryl Kenningham, our President and Chief Executive Officer; and Daniel McHenry, Senior Vice President and Chief Financial Officer.