Group 1 Automotive Inc. (GPI) Q3 2024 Earnings Call Transcript

Group 1 Automotive Inc. (NYSE:GPI) Q3 2024 Results Conference Call October 30, 2024 10:00 AM ET

Company Participants

Pete DeLongchamps - Senior Vice President of Manufacturer Relations and Financial Services
Daryl Kenningham - President and Chief Executive Officer
Daniel McHenry - Senior Vice President and Chief Financial Officer

Conference Call Participants

Rajat Gupta - JP Morgan
John Murphy - Bank of America
Jeff Licht - Stephens Inc
Michael Ward - Freedom Capital
Glenn Chin - Seaport Research Partners

Operator

Good morning, ladies and gentlemen and welcome to Group 1 Automotive’s Third Quarter 2024 Financial Results Conference Call. Please be advised that this call is being recorded.

I would now like to turn the call over to Mr. Pete DeLongchamps, Group 1’s Senior Vice President of Manufacturer Relations and Financial Services.

Please go ahead, Mr. DeLongchamps.

Pete DeLongchamps

Thank you, Jamie. 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 will refer to on this call for comparison purposes have been posted to the Group 1 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 conference call, statements made by management of Group 1 Automotive are forward-looking statements that are made 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 and reduced manufactured production levels due to component shortages, conditions of markets, successful integration of acquisitions, and adverse developments