Shelley Hulgrave
Executive Vice President & CFO at Penske Automotive Group
During q one, we generated $283,000,000 in cash flow from operations, and our EBITDA was 400,000,000 or $372,000,000 on an adjusted basis. On a trailing twelve month basis, EBITDA was over $1,500,000,000 Our free cash flow, which is cash flow from operations after deducting capital expenditures, was $2.00 $6,000,000 During Q1, we paid $82,000,000 in dividends and invested $77,000,000 in capital expenditures to improve or expand our facilities. When compared to Q1 last year, capital expenditures were down $26,000,000 During the quarter, we repurchased 255,000 shares of stock for $40,000,000 and year to date through April 25, have repurchased 750,000 shares for $111,000,000 We expect to continue repurchasing shares on an opportunistic basis. As of April 25, we have $46,000,000 remaining under the existing securities repurchase authorization. Our dividend is $1.22 per share.