Q3 2020 Group 1 Automotive Inc Earnings Call

Please standby we are about.

Good morning, ladies and gentlemen, and welcome to group one out.

Pardon the Russians or the operator may have your first and last name. Please.

Oh, one year, Vice President of manufacturer Relations financial services and public Affairs. Please go ahead Mr. delongchamps.

Thank you Christie and good morning, everyone and welcome to todays call.

Earnings release, we issued this morning, and a related slide presentation that include reconciliations related to the adjusted results [noise].

We will refer to on this call for comparison purposes have been posted the group one 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 one 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 increases of markets.

[noise] adverse developments in the global economy, as well as a public health crisis related to the Cobi 19 virus, and resulting impacts on demand for new and used vehicles and related services.

Uncertainty regarding their durations the various over 19 and its impact on U.S. international authorities that you've heard restrictions on various commercial and economic activity.

And uncertainty regarding the timing patients then when economic recovery in the U.S. and elsewhere from the unknown current and future impacts of COVID-19, an unknown future impacts of oil producers and the effect that can have on travel transportation oil prices, which in turn will likely adversely affect demand for our vehicles and service.

[noise] those and other risks are described in the Companys filings with the Securities Exchange Commission over the last 12 months.

Copies of these filings are available from both the FCC and the company [noise].

In addition, certain non-GAAP financial measures as defined under FCC rules may be discussed on this call.

As required by applicable FCC rules. The company provides reconciliations of any such non-GAAP financial measures to the most directly comparable GAAP measures on its website.

Participating today with me on the call Earl Hesterberg, our President and Chief Executive Officer.

Okay Hamm, our president of U.S., and Brazilian operations, Daniel Mchenry, Senior Vice President and Chief Financial Officer, and Michael Welch, Our Vice President corporate controller, I'd now like to hand, the call over to Earl.

Thank you Pete and good morning, everyone.

Hi. This is the operator can I have your first and last name. Please.

Hello, if anybody on the line.