Penske Automotive Group, Inc. (PAG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to the Penske Automotive Group second quarter 2026 earnings conference call. Today's call is being recorded and will be available for replay approximately one hour after completion through August 5th, 2026 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. Thank you, Leah. Good afternoon, everyone, and thank you for joining us today. A press release detailing Penske Automotive Group's second quarter 2026 financial results was issued this morning and is posted on our website along with a presentation designed to assist you in understanding the company's results. Joining me for today's call are Roger Penske, Chair and CEO, Shelley Hulgrave, EVP and Chief Financial Officer, Rich Shearing, North American Operations, Randall Seymour, International Operations, and Tony Piccioni, Vice President and Corporate Controller. I'm also available by mail, email, or phone for any follow-up questions you may have. We may include forward-looking statements on today's call. about our earnings potential, outlook, and other future events. And we may also discuss certain non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted earnings before taxes, adjusted net income, and our leverage ratio. We've also prominently presented and reconciled any non-GAAP measures to their mostly directly comparable GAAP measures in this morning's press release and our investor presentation. both of which are available on our website. Non-GAAP measures should be considered in addition to not as a substitute for the comparable GAAP measures. Our future results may vary from expectations because of ris...