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Sonic Automotive, Inc. (SAH) CEO David Smith on Q1 2020 Results - Earnings Call Transcript

May 02, 2020 4:08 PM ETSonic Automotive, Inc. (SAH) Stock
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Sonic Automotive, Inc. (NYSE:SAH) Q1 2020 Earnings Conference Call April 30, 2020 11:00 AM ET

Company Participants

David Smith - Chief Executive Officer

Jeff Dyke - President

Heath Byrd - CFO

Tim Keen - Executive VP of Operations

Conference Call Participants

Rick Nelson - Stephens

Rajat Gupta - JPMorgan

Armintas Sinkevicius - Morgan Stanley

John Murphy - Bank of America

Michael Ward - Benchmark

Bret Jordan - Jefferies


Good morning. And welcome to the Sonic Automotive First Quarter 2020 Earnings Conference Call. This conference call is being recorded today, Thursday, April 30, 2020. Presentation materials, which management will be reviewing on the conference call, can be accessed at the company's website at ir.sonicautomotive.com.

At this time, I would like to refer to the safe harbor statement under the Private Securities Litigation Reform Act of 1995. During this conference call, management may discuss financial projections, information or expectations about the company's products or market or otherwise make statements about the future. Such statements are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties are detailed in the company's filings with the Securities and Exchange Commission.

In addition, management may discuss certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Please refer to the non-GAAP reconciliation tables in the company's current report on Form 8-K filed with the Securities and Exchange Commission yesterday.

I would now like to introduce Mr. David Smith, Sonic and EchoPark's Chief Executive Officer. Mr. Smith, you may begin your conference.

David Smith

Thank you very much. And good morning, everyone, and welcome to Sonic Automotive's First Quarter 2020 Earnings Call. Again, I'm David Smith, the company's CEO. Joining me on the call today is our President, Jeff Dyke; our CFO, Heath Byrd; and our Executive VP of

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