Proofpoint, Inc. (NASDAQ:PFPT) Q1 2019 Earnings Conference Call - Final Transcript

Apr 25, 2019 • 04:30 pm ET


Proofpoint, Inc. (NASDAQ:PFPT) Q1 2019 Earnings Conference Call - Final Transcript


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Jon Ferrando

million in revenue and sold approximately 3,400 new and used retailed units. Both franchises are located in attractive auto retail locations and facilities. We are excited about adding our 21st Mercedes-Benz franchise to the AutoNation family. It's a great way to enter Reno, Lake Tahoe, an attractive auto retail market with good demographics.

As of today, our store portfolio numbers... 284 franchises and 234 stores in 15 states, representing 34 manufacture brands. Looking forward, we will continue our strategy of pursuing acquisitions and add points that enhance brand representation within our auto retail markets, as well as markets that can be supported by our existing management infrastructure. We will continue to be selective and prudent with our capital with a focus on investing to produce strong returns and long-term shareholder value. I will now turn it back to Mike Jackson.

Mike Jackson

Thank you, Jon. Mike, I like to personally say, thank you for being my partner for the last 18 years. Thank you for your dedication for the last 18 years to AutoNation, we had our strongest year ever we set all time records in 2014. It is a great final chapter.

Thank you for having succession plan that well positions Bill Berman, and the entire operation team to continue their march at providing a peerless customer experience. Mike after 60 quarters together, I want to thank you on behalf of myself, AutoNation's 24,000 associates, where you're 18 years of contribution and dedication to our fine company and we wish you nothing, but success in your future endeavors.

With that, though, you need to remain and answer some questions here. We throw the floor open.