Corporate Development, Capital Allocation, Liquidity, Leverage

During the three months ended March 31, 2025, PAG repurchased 254,406 shares of common stock for approximately $39.9 million under its securities repurchase program. It also acquired 822 shares of common stock for $0.1 million from employees in connection with a net share settlement feature of employee equity awards. From April 1, 2025, through April 25, 2025, the PAG repurchased an additional 495,570 shares for an aggregate purchase price of $71.2 million. As of April 25, 2025, $45.8 million remained available under the Company’s existing repurchase authority. As of March 31, 2025, the Company had approximately $2.1 billion in liquidity, including $118 million in cash and $2.0 billion of availability under its U.S. and international credit agreements. The Company’s leverage ratio at March 31, 2025 was 1.2x.