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Aaron's Inc (AAN) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Aaron's Inc

HISTORY TOOLS
CIK: 706688



EXHIBIT 99.1

Contact:
Aaron’s, Inc.
SCR Partners
 
Michael P. Dickerson
Jeff Black
 
Vice President, Investor Relations
615.760.3679
 
678.402.3950
JBlack@scr-ir.com
 
Mike.Dickerson@Aarons.com
 



Aaron’s, Inc. Reports Record Third Quarter Revenue and Earnings
Reaffirms and Tightens 2018 Annual Outlook

•
Record Third Quarter Consolidated Revenues of $953.1 Million, Up 14%;
•
Record Third Quarter Diluted EPS $0.62; Non-GAAP Diluted EPS $0.69, Up 60%
•
Progressive Leasing Revenues Up 27%; EBITDA Up 32%
•
Aaron's Business Same Store Revenue Flat To Prior Year

ATLANTA, October 25, 2018 - Aaron’s, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced financial results for the three months ended September 30, 2018.
“This quarter demonstrates the strength of our model as we achieved solid growth in both revenue and earnings while we continued to invest in the future growth of our business,” said John Robinson, Chief Executive Officer.
“Progressive achieved 32% EBITDA growth on a 27% increase in revenue, driven by strong invoice volume growth, consistent portfolio performance, and well-managed expenses. In addition, the team continues to execute on the conversion of our robust retail partner pipeline,” continued Mr. Robinson.
“The Aaron’s Business delivered improved same store revenue performance in the quarter, and year-over-year recurring revenue written into the portfolio was positive for the third consecutive quarter. I am proud of the team as they balanced the onboarding of 90 newly acquired franchised stores with the advancement of our business transformation. We continue to be encouraged by the improvements we are seeing in the business and the results of these initiatives,” concluded Mr. Robinson.



The following information was filed by Aaron's Inc on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Aaron's Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Earnings
Acquisitions
Acquisitions (Tables)
Acquisitions - Current Year Franchisee Acquisition (Details)
Acquisitions - Intangibles Acquired In Current Year Acquisition (Details)
Acquisitions - Intangibles Acquired In Past Franchisee Acquisition (Details)
Acquisitions - Narrative (Details)
Acquisitions - Past Franchisee Acquisition (Details)
Basis And Summary Of Significant Accounting Policies
Basis And Summary Of Significant Accounting Policies (Policies)
Basis And Summary Of Significant Accounting Policies (Tables)
Basis And Summary Of Significant Accounting Policies - Accounts Payable And Accrued Expenses (Details)
Basis And Summary Of Significant Accounting Policies - Accounts Receivable Net Of Allowances (Details)
Basis And Summary Of Significant Accounting Policies - Assets Held For Sale (Details)
Basis And Summary Of Significant Accounting Policies - Calculation Of Dilutive Stock Awards (Details)
Basis And Summary Of Significant Accounting Policies - Changes In Accumulated Other Comprehensive Income (Loss) By Component (Details)
Basis And Summary Of Significant Accounting Policies - Components Of Prepaid Expenses And Other Assets (Details)
Basis And Summary Of Significant Accounting Policies - Components Of The Accounts Receivable Provision (Details)
Basis And Summary Of Significant Accounting Policies - Credit Quality Indicators (Details)
Basis And Summary Of Significant Accounting Policies - Debt (Details)
Basis And Summary Of Significant Accounting Policies - Hurricane Impact (Details)
Basis And Summary Of Significant Accounting Policies - Income Taxes (Details)
Basis And Summary Of Significant Accounting Policies - Investments (Details)
Basis And Summary Of Significant Accounting Policies - Lease Merchandise (Details)
Basis And Summary Of Significant Accounting Policies - Narrative (Details)
Basis And Summary Of Significant Accounting Policies - Recent Accounting Pronouncements (Details)
Basis And Summary Of Significant Accounting Policies - Related Party Transactions (Details)
Basis And Summary Of Significant Accounting Policies - Revenue Recognition Narrative (Details)
Basis And Summary Of Significant Accounting Policies - Store Count By Ownership Type (Details)
Basis And Summary Of Significant Accounting Policies - Supplemental Disclosure Of Noncash Investing Transactions (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Assets Measured At Fair Value On Nonrecurring Basis (Details)
Fair Value Measurement - Fair Value Of Assets (Liabilities) Not Measured At Fair Value In Consolidated Balance Sheet - Additional Information (Details)
Fair Value Measurement - Fair Value Of Assets (Liabilities) Not Measured At Fair Value In Consolidated Balance Sheets (Details)
Fair Value Measurement - Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Loans Receivable
Loans Receivable (Tables)
Loans Receivable - Aging Of The Loans Receivable Balance (Details)
Loans Receivable - Components Of Loans Receivable, Net (Details)
Loans Receivable - Components Of The Allowance For Loan Losses (Details)
Restructuring
Restructuring (Tables)
Restructuring - Narrative (Details)
Restructuring - Summary Of Accruals Of Restructuring Programs (Details)
Restructuring - Summary Of Restructuring Charges (Details)
Segments
Segments (Tables)
Segments - Information On Segments And Reconciliation To Earnings Before Income Taxes From Continuing Operations (Details)
Segments - Information On Segments And Reconciliation To Earnings Before Income Taxes From Continuing Operations- Additional Information (Details)
Segments - Narrative (Details)
Segments Segments - Revenue By Source And Segment (Details)
CIK: 706688
Form Type: 10-Q Quarterly Report
Accession Number: 0000706688-18-000137
Submitted to the SEC: Thu Oct 25 2018 12:25:18 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Equipment Rental And Leasing

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