Penske Automotive Group, Inc. (NYSE:PAG) Q4 2023 Earnings Conference Call February 7, 2024 2:00 PM ET
Company Participants
Anthony Pordon - Executive Vice President of Investor Relations and Corporate Development
Roger Penske - Chairman and Chief Executive Officer
Richard Shearing - Chief Operating Officer, North American Operations
Randall Seymore - Chief Operating Officer, International Operations
Shelley Hulgrave - Chief Financial Officer
Tony Facione - Vice President and Corporate Controller
Conference Call Participants
John Murphy - Bank of America
Michael Ward - Freedom Capital Markets
Daniel Imbro - Stephens Inc.
Rajat Gupta - JPMorgan Chase & Co.
David Whiston - Morningstar, Inc.
Operator
Good afternoon, and welcome to the Penske Automotive Group Fourth Quarter 2023 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately 1 hour after completion through February 14, 2024, on the company’s website under the Investors tab at www.penskeautomotive.com.
I will now introduce Tony Pordon, the company’s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.
Anthony Pordon
Thank you, Brad. Good afternoon, everyone, and thank you for joining us today. As you know, a press release detailing Penske Automotive Group’s fourth 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’m available by email or phone for any follow-up questions you may have.
Joining me for today’s call are Roger Penske, our Chair and CEO; Shelley Hulgrave, our EVP and Chief Financial Officer; Rich Shearing, North American Operations; 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, adjusted EBITDA, adjusted earnings before taxes, adjusted income from continuing operations, adjusted earnings per share, and our leverage ratio.
We have prominently presented the comparable GAAP measures and have reconciled the non-GAAP measures to the most directly comparable GAAP measures in the press release and investor presentation, which are available on our website.
Our future results may vary from our expectation because of risks and uncertainties outlined in today’s press release under forward-looking statements. I 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.