Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q4 2020 Results - Earnings Call Transcript

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Q4: 2021-02-10 Earnings Summary

EPS of $2.49 beats by $0.38
 | Revenue of $5.81B (-1.18% Y/Y) beats by $74.31M

Penske Automotive Group, Inc. (NYSE:PAG) Q4 2020 Earnings Conference Call February 10, 2021 2:00 PM ET

Company Participants

Anthony Pordon - Executive Vice President of Investor Relations and Corporate Development
Roger Penske - Chairman and Chief Executive Officer
J.D. Carlson - Chief Financial Officer

Conference Call Participants

Rajat Gupta - JP Morgan
John Murphy - Bank of America
Rick Nelson - Stephens
Stephanie Benjamin - Truist

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group Fourth Quarter 2020 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through February 17, 2021 on the Company's website under the Investors tab at www.penskeautomotive.com.

I will now introduce Anthony Pordon, the Company's Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.

Anthony Pordon

Thank you, Regina. Good afternoon everyone and thank you for joining us today. A press release detailing Penske Automotive Group's fourth quarter 2020 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 Chairman; J.D. Carlson, Chief Financial Officer; and Shelley Hulgrave, our Corporate Controller.

Our discussion today may include forward-looking statements about our operations, earnings potential, outlook, future events, growth plans, liquidity and assessments of business conditions in light of the COVID-19 pandemic. We may also discuss certain non-GAAP financial measures such as adjusted earnings before taxes, adjusted selling, general and administrative expenses, adjusted income from continuing operations, adjusted earnings per share and earnings before interest, taxes, depreciation and amortization or EBITDA and adjusted EBITDA.

We have prominently presented the comparable GAAP measures, and

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