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Group 1 Automotive, Inc. Q1 2010 Earnings Call Transcript

Group 1 Automotive, Inc. (GPI)

Q1 2010 Earnings Conference Call

April 27, 2010 10:00 AM ET

Executives

Pete DeLongchamps – VP, Manufacture Relations and Public Affairs

Earl Hesterberg – President and CEO

John Rickel – SVP and CFO

Analysts

Rick Nelson – Stevens

John Murphy – Bank of America Merrill Lynch

Scott Stember – Sidoti & Company

Mark Andre – Goldman Sachs

Matt Nemer – Wells Fargo Securities

Ee Lin See – Sirios Capital

Ryan Brinkman – JPMorgan

Ravi Shankar – Morgan Stanley

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to today’s Group 1 Automotive 2010 First Quarter Financial conference. Please be advised that this call is being recorded.

At this time, I would like to turn the conference over to Mr. DeLongchamps, Vice President of Manufacture Relations and Public Affairs. Please go ahead Mr. DeLongchamps.

Peter DeLongchamps

Thank you, (Sarah), and good morning, everyone, and welcome to today's call. Before we begin, I would like to make some brief comments and 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, and the conditions of markets. Those and other risks are described in the company's filings with the Securities and Exchange Commission over the past 12 months. Copies of these filings are available from both the SEC and the company.

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