Penske Automotive Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 06:59 am EST
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Penske Automotive Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 7,058.5 million compared to USD 6,806.3 million a year ago. Net income was USD 190.7 million compared to USD 298 million a year ago. Basic earnings per share from continuing operations was USD 2.84 compared to USD 4.21 a year ago.
For the full year, sales was USD 28,666.9 million compared to USD 26,946.2 million a year ago. Net income was USD 1,053.2 million compared to USD 1,380 million a year ago. Basic earnings per share from continuing operations was USD 15.5 compared to USD 18.55 a year ago.
Penske Automotive Group, Inc. is a diversified international transportation services company. The Company is also engaged in automotive and commercial truck retailing. The Company operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and retailers of commercial trucks in North America for freightliner. The Company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The Retail Automotive segment consists of its retail automotive dealership operations. The Retail Commercial Truck segment consists of its retail commercial truck dealership operations in the United States and Canada. The Other segment consists of its commercial vehicle and power system distribution operations. The Non-Automotive Investments segment consists of its equity method investments in non-automotive operations, which includes its investment in Penske Transportation Solutions (PTS) and various other investments.
PENSKE AUTOMOTIVE GROUP, INC. 
