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Sonic Automotive, Inc. (
Q4 2011 Earnings Call
February 28, 2012; 11:00 am ET
Scott Smith - Co-Founder & President
David Smith - Executive Vice President
Dave Cosper - Chief Financial Officer
Jeff Dyke - Executive Vice President of Operations
AnalystsElizabeth Lane - Bank of America
Aditya Oberoi - Goldman Sachs
Rick Nelson - Stephens Scott Stember - Sidoti & CompanyColin Langan - UBS
John Evans - Edmunds White Partners
Clint Fendley - Davenport
Good morning and welcome to the Sonic Automotive, fourth quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer period. (Operator Instructions).
Presentation materials which management will be reviewing on the conference call can be accessed on the company’s website at
www.sonicautomotive.com, by clicking on the Investor Relations tab under Our Company and choosing Webcast and Presentations.
At this time I would like to refer to the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. During this conference call, management may discuss financial projections, expectations about the company’s products or market or otherwise make statements about the future. Such statements are forward-looking and subject to a number of risk and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties are detailed in the company’s filings with the Securities and Exchange Commission. Thank you.