Penske Automotive Group, Inc. (PAG) Q2 2023 Earnings Call Transcript

SA Transcripts
153.96K Followers

Q2: 2023-07-26 Earnings Summary

EPS of $4.41 beats by $0.29
 | Revenue of $7.47B (8.13% Y/Y) beats by $337.15M

Penske Automotive Group, Inc. (NYSE:PAG) Q2 2023 Earnings Conference Call July 26, 2023 2:00 PM ET

Company Participants

Anthony Pordon - EVP of IR and Corporate Development
Roger Penske - Chairman and CEO
Shelley Hulgrave - EVP and CFO
Richard Shearing - North American Operations
Randall Seymore - International Operations

Conference Call Participants

John Murphy - Bank of America
Rajat Gupta - JPMorgan
Daniel Imbro - Stephens
David Whiston - Morningstar

Operator

Ladies and gentlemen, good afternoon. Thank you for standing by, and welcome to the Penske Automotive Group Second Quarter 2023 Earnings Conference Call. Today's call is being recorded and will be available for replay approximately one hour after completion through August 2, 2023, on the company's website under the Investors tab at www.penskeautomotive.com. [Operator Instructions]

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, Leah. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group's second 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 our CEO; Shelley Hulgrave, EVP and Chief Financial Officer; Rich Shearing, North American Operations, Randall Seymore, International Operations; and Tony Facione, our Vice President and 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 and our leverage ratio. We have prominently – we displayed or presented the comparable GAAP measures and have reconciled

Recommended For You

About PAG Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PAG