Group 1 Automotive Inc. Presents at KeyBanc Capital Markets 2014 Consumer Conference, Feb-27-2014 10:00 AM
Feb 25 14
Group 1 Automotive Inc. Presents at KeyBanc Capital Markets 2014 Consumer Conference, Feb-27-2014 10:00 AM. Venue: InterContinental Barclays, New York, New York, United States.
Group 1 Automotive Declares Fourth Quarterly Cash Dividend, Payable on March 17, 2014
Feb 14 14
Group 1 Automotive Inc. announced that its board of directors declared a cash dividend of $0.17 per share for the fourth quarter of 2013. The dividend will be payable on March 17, 2014, to stockholders of record as of March 3, 2014.
Group 1 Automotive Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Asset Impairment Charge for the Fourth Quarter of 2013
Feb 5 14
Group 1 Automotive Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of $2,279,492,000 compared to $1,938,957,000 a year ago. Operating income was $61,116,000 compared to $45,880,000 a year ago. Income before income taxes was $40,188,000 compared to $27,892,000 a year ago. Net income was $21,721,000 compared to $17,132,000 a year ago. Earnings available to diluted common shares were $20,927,000 compared to $16,374,000 a year ago. Diluted earnings per share were $0.81 compared to $0.70 a year ago. Adjusted net income was $28,906,000 compared to $24,011,000 a year ago. Adjusted net income available to diluted common shares was $27,849,000 compared to $22,945,000 a year ago. Adjusted diluted income per share was $1.08 compared to $0.99 a year ago.
For the twelve months, the company reported total revenues of $8,918,581,000 compared to $7,476,100,000 a year ago. Operating income was $273,322,000 compared to $229,996,000 a year ago. Income before income taxes was $191,895,000 compared to $160,735,000 a year ago. Net income was $113,992,000 compared to $100,209,000 a year ago. Earnings available to diluted common shares were $109,393,000 compared to $95,147,000 a year ago. Diluted earnings per share were $4.32 compared to $4.19 a year ago. Adjusted net income was $130,735,000 compared to $108,202,000 a year ago. Adjusted net income available to diluted common shares was $125,459,000 compared to $102,733,000 a year ago. Adjusted diluted income per share was $4.96 compared to $4.53 a year ago.
The company reported asset impairment charge for the fourth quarter of 2013. For the period, the company reported impairment charge was $5,368,000 compared to $6,988,000 for the same period a year ago.
Group 1 Automotive, Inc. Announces Important Additions to the Top Management Team for its Brazilian Operations
Jan 21 14
Group 1 Automotive Inc. announced important additions to the top management team for its Brazilian operation effective immediately. Andre Ribeiro, one of the founding members of UAB, has been appointed as director of commercial operations. Ribeiro, who has extensive retail automotive experience in Brazil, will now be responsible for all dealership operations including new and used vehicle sales, marketing, parts and service, finance and insurance, and quality. Ribeiro also represents Group 1 Brazil in multiple manufacturer dealer associations as the president of the Jaguar, Land Rover Dealer Council, and as vice president of the Honda Dealer Council. Eduardo Amaral Marques has been appointed as director of human resources and administration of Group 1 Brazil. Marques has over 11 years of increasing management responsibility within Unilever Brazil and served as customer supply chain director for L'Oreal Latin America prior to joining Group 1. Marquez will be responsible for information technology, administration, procurement and all facets of human resources. Rafael De Gouveia Ramalho has been named director of finance and chief financial officer of Group 1 Brazil. Ramalho will be responsible for all accounting, financial controls, financial analysis and reporting, treasury, and budgeting. Prior to joining Group 1, he served as chief financial officer of Usebens Seguradora. Ramalho will report to John C. Rickel, Group 1's senior vice president and chief financial officer, as well as to Lincoln Pereira.