Penske Automotive Group, Inc. (NYSE:PAG) Q3 2024 Earnings Conference Call October 29, 2024 1:00 PM ET

Company Participants

Tony Pordon - Executive Vice President, Investor Relations and Corporate Development
Roger Penske - Chair and Chief Executive Officer
Rich Shearing - North American Operations
Randall Seymore - International Operations
Shelley Hulgrave - Executive Vice President and Chief Financial Officer

Conference Call Participants

John Murphy - Bank of America
Ron Jewsikow - Guggenheim Securities
Rajat Gupta - JPMorgan
David Whiston - Morningstar

Operator

Ladies and gentlemen, good afternoon, welcome to the Penske Automotive Group Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through November 6, 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.

Tony Pordon

Thank you, Leah. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group's third quarter 2024 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding the company's results. As always, I'm available by e-mail 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, EVP and Chief Financial Officer; Rich Shearing, North American Operations; Randall Seymore, International Operations; and Tony Facione, Vice President and Corporate Controller.

Our discussion today may include forward-looking statements about our operations, earnings potential, outlook, acquisitions, 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 to their most directly comparable GAAP measures in this morning's press release and investor presentation, both of which are available on our website.

Our future results may vary from our expectations 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.

I will now turn the call over to Roger Penske.

Roger Penske

Thank you, Tony. Everyone, thank you for joining us today in the third quarter of 2024.