Group 1 Automotive, Inc. (GPI) CEO Earl Hesterberg on Q2 2022 Results - Earnings Call Transcript

Group 1 Automotive, Inc. (NYSE:GPI) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET

Company Participants

Peter DeLongchamps - SVP, Manufacturer Relations, Financial Services and Public Affairs
Earl Hesterberg - President & CEO
Daryl Kenningham - President of U.S. Operations
Daniel McHenry - SVP & CFO

Conference Call Participants

John Murphy - Bank of America
Rajat Gupta - JPMorgan
Daniel Imbro - Stephens Incorporated
Adam Jonas - Morgan Stanley
David Whiston - Morningstar
Michael Ward - Benchmark
Rajat Gupta - JPMorgan
Adam Jonas - Morgan Stanley
John Murphy - Bank of America

Operator

Good morning, ladies and gentlemen, and welcome to Group 1 Automotive's 2022 Second Quarter Financial Results Conference Call. Please be advised that this call is being recorded.

I would now like to turn the floor over to Mr. Peter DeLongchamps, Group 1's Senior Vice President of Manufacturer Relations, Financial Services and Public Affairs. Please go ahead, Mr. DeLongchamps.

Peter 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'll refer to on this call for comparison purposes have been posted to the 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 call, statements made by management of Group 1 are forward-looking statements that are 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