AutoCanada Inc. (ACQ) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining AutoCanada's conference call to discuss the financial results for the first quarter of 2025. I'm John, your moderator for today's call. Before we begin, I'd like to remind everyone that today's discussion may include forward-looking statements, which are subject to risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. I encourage you to review AutoCanada's filings on CEDAR Plus for a discussion of these risks The first quarter news release, financial statements, and NDNA. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by the number one on your telephone keypad. If you'd like to withdraw your question, please press star followed by the number two. I'd like to remind everyone that this call is being recorded today, Wednesday, May 14, 2025. Now, I'd like to turn the call over to Mr. Paul Anthony, Executive Chairman of Auto Canada, Inc. Please go ahead, Mr. Paul Anthony. Good evening, everyone, and thank you for joining us. Our strategy in 2025 is clear. Simplify the business, execute with discipline, achieve our cost transformation, and reduce leverage. The first quarter reflects early progress on that front. We've taken deliberate steps over the past several months to streamline our operations, exiting underperforming stores, sharpening our focus on higher margin opportunities, and embedding efficiency through the ACX operating method. These efforts are already improving cost structure and operational focus. We also reclassified our U.S. business as a discontinued operation at the end of 2024. This decision re...