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Affinion Group Holdings, Inc. (AFGR) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Affinion Group Holdings, Inc.

CIK: 1404624 Ticker: AFGR

Exhibit 99.1

 

  

More information:

Torrey Martin

SVP, Communications and Corporate Development

203.956.8746

tmartin@affiniongroup.com

AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FIRST QUARTER

ENDED MARCH 31, 2018

REAFFIRMS FULL YEAR OUTLOOK FOR 2018

STAMFORD, Conn., April 26, 2018 – Affinion Group Holdings, Inc. (“Affinion Holdings” or the “Company”), a global leader in loyalty and customer engagement, announced today the financial results for the three month period ended March 31, 2018 (the “first quarter” or “quarter”).

Key Highlights

 

    Net revenues were $238.5 million in the first quarter of 2018.

 

    Income from operations was $42.4 million in the first quarter.

 

    Adjusted EBITDA (as defined in Note (e) of Table 6) was $61.7 million in the first quarter.

“2018 is off to a very strong start as we continued our trend of revenue growth in our core businesses, led by double digit increases in our Global Loyalty segment and high single digit growth in our Global Customer Engagement segment in the first quarter,” said Todd Siegel, the Company’s Chief Executive Officer. “We believe we have a solid foundation for sustained long-term success with our leading capabilities in loyalty and customer engagement solutions, and we continue to add compelling new functionality and pursue exciting new partnerships. Further, the market trends we have seen during the first few months of the year support our 2018 outlook; accordingly, we continue to expect growth in our core businesses in 2018, as compared to 2017 results.”

Results Highlights

Notes: Adjusted EBITDA as referred to above excludes any pro forma impact of acquisitions and other actions. See Table 5 for a complete description of Adjusted EBITDA by segment and the related reconciliations to GAAP measures. See Table 6 for a complete description of Adjusted EBITDA and the related reconciliations to GAAP measures.

First Quarter Net Revenues

Notes: As of January 1, 2018, the Company has adopted the new Revenue Recognition Standard (“ASC 606”) using the modified retrospective transition method. For more details regarding ASC 606 and its impact on the Company’s financial results, see the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2018.

 

    Net revenues for the first quarter of 2018 decreased 1.1%, from $241.1 million in the first quarter of 2017 to $238.5 million. The decrease in overall net revenues was primarily due to the expected revenue declines in our non-core Legacy Membership and Package segment and lower revenues in our Insurance segment, partially offset by higher Global Loyalty and Global Customer Engagement revenues.

 

  ¡  Under the prior revenue recognition guidance, net revenues for the first quarter would have increased 1.7%, from $241.1 million in the first quarter of 2017 to $245.3 million.

 

    Net revenues for the three core business segments (Global Loyalty, Global Customer Engagement and Insurance Solutions) for the first quarter of 2018 increased 3.1%, from $202.9 million in the first quarter of 2017 to $209.1 million.


The following information was filed by Affinion Group Holdings, Inc. (AFGR) on Thursday, April 26, 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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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 Changes In Deficit
Condensed Consolidated Statements Of Comprehensive Income (loss)
Acquisition
Acquisition (tables)
Acquisition - Additional Information (details)
Acquisition - Summary Of Fair Values Of Assets Acquired And Liabilities Assumed (details)
Basis Of Presentation And Business Description
Basis Of Presentation And Business Description (policies)
Basis Of Presentation And Business Description - Additional Information (details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (details)
Contract Rights And List Fees, Net
Contract Rights And List Fees, Net (tables)
Contract Rights And List Fees, Net - Additional Information (details)
Contract Rights And List Fees, Net - Components Of Contract Rights And List Fees (details)
Deficit
Deficit - Additional Information (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Basic And Diluted Earnings (loss) Per Share (details)
Financial Instruments, Derivatives And Fair Value Measures
Financial Instruments, Derivatives And Fair Value Measures (tables)
Financial Instruments, Derivatives And Fair Value Measures - Additional Information (details)
Financial Instruments, Derivatives And Fair Value Measures - Principal Cash Flows And Related Weighted-average Interest Rates By Expected Maturity (details)
Financial Instruments, Derivatives And Fair Value Measures - Schedule Of Fair Value Measured On Recurring Basis (details)
Guarantor/non-guarantor Supplemental Financial Information
Guarantor/non-guarantor Supplemental Financial Information (tables)
Guarantor/non-guarantor Supplemental Financial Information - Additional Information (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Balance Sheet (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Statement Of Cash Flows (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Statement Of Comprehensive Income (loss) (details)
Income Taxes
Income Taxes - Additional Information (details)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (tables)
Intangible Assets And Goodwill - Additional Information (details)
Intangible Assets And Goodwill - Schedule Of Amortizable Intangible Assets (details)
Intangible Assets And Goodwill - Schedule Of Amortization Expense Relating To Intangible Assets (details)
Intangible Assets And Goodwill - Schedule Of Changes In Carrying Amount Of Goodwill (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information - 2017 Exchange Offers, Issuance Of New Notes And New Warrants And Redemptions Of Other Existing Notes (details)
Long-term Debt - Additional Information - Credit Agreement Refinancing And International Notes Redemption (details)
Long-term Debt - Components Of Long-term Debt (details)
Long-term Debt - Components Of Long-term Debt (parenthetical) (details)
Related Party Transactions
Related Party Transactions - Additional Information (details)
Revenue - Schedule Of Disaggregation Of Revenues From Contracts With Customers Along With Reportable Segment For Each Category (details)
Revenues
Revenues (tables)
Revenues - Additional Information (details 1)
Revenues - Additional Information (details)
Revenues - Schedule Of Balance Of Contract Liabilities Classified As Deferred Revenue (details)
Revenues - Schedule Of Impact Of Adoption On Company's Consolidated Statement Of Comprehensive Income And Consolidated Balance Sheet (details)
Revenues - Summary Of Cumulative Effect Of Changes Made To Company's Condensed Consolidated Balance Sheet To Reflect Adoption Of Asc 606 (details)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (details)
Segment Information - Reconciliation Of Segment Ebitda To Income From Operations (details)
Segment Information - Schedule Of Segment Information (details)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (details)
Stock-based Compensation - Summary Of Option Activity (details)

Material Contracts, Statements, Certifications & more

Affinion Group Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: AFGR
CIK: 1404624
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-009209
Submitted to the SEC: Thu Apr 26 2018 11:01:27 AM EST
Accepted by the SEC: Thu Apr 26 2018
Period: Saturday, March 31, 2018
Industry: Business Services

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