Penske Automotive Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 06:58 am EDT
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Penske Automotive Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 6,685.5 million compared to USD 6,775.2 million a year ago. Net income was USD 374 million compared to USD 338.9 million a year ago. Basic earnings per share from continuing operations was USD 4.93 compared to USD 4.2 a year ago. Basic earnings per share was USD 4.93 compared to USD 4.2 a year ago.
For the six months, sales was USD 13,443.6 million compared to USD 12,380.2 million a year ago. Net income was USD 741.9 million compared to USD 521.4 million a year ago. Basic earnings per share from continuing operations was USD 9.7 compared to USD 6.46 a year ago. Basic earnings per share was USD 9.7 compared to USD 6.46 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. 
