Ashford Inc. (AINC) 10-K Annual Report March 2017

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ASHFORD REPORTS FOURTH QUARTER 2016 RESULTS

Assets Under Management Over $6.4 Billion at Quarter End

DALLAS, February 23, 2017 - Ashford (NYSE MKT: AINC) (the “Company”) today reported the following results and performance measures for the fourth quarter ended December 31, 2016. For the fourth quarter, the Company has consolidated the financial position and operating results of the private investment funds managed by Ashford Investment Management. The financial impact from this consolidation is adjusted out of the Company’s financials through the noncontrolling interests in consolidated entities line items on the Company’s income statement and balance sheet. Unless otherwise stated, all reported results compare the fourth quarter ended December 31, 2016, with the fourth quarter ended December 31, 2015 (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.

STRATEGIC OVERVIEW


•	High-growth, fee-based, low-capex business model


•	Diversified platform of multiple fee generators


•	Seeks to grow in three primary areas:


◦	Expanding the existing platforms accretively and accelerating performance to earn incentive fees


◦	Starting new platforms for additional base and incentive fees


◦	Investing in businesses that can achieve accelerated growth through doing business with our existing platforms.


•	Highly-aligned management team with superior long-term track record


•	Leader in asset and investment management for the real estate & hospitality sectors

FINANCIAL AND OPERATING HIGHLIGHTS

•

Net income attributable to the Company for the fourth quarter of 2016 totaled $0.7 million, or $0.36 per share, compared with net income of $2.7 million, or $1.33 per share, in the prior year quarter. For the full year 2016, net loss attributable to the Company was $2.4 million, or $1.19 per share, compared with a loss of $1.2 million, or $0.60 per share, for the full year 2015. Adjusted net income for the fourth quarter was $3.8 million, or $1.69 per diluted share, compared with $4.0 million, or $1.80 per diluted share, in the prior year quarter. For the full year 2016, adjusted net income was $12.9 million, or $5.67 per diluted share, compared with $13.0 million, or $5.82 per diluted share, for the full year 2015.


•	Total revenue for the fourth quarter of 2016 was $19.5 million

The following information was filed by Ashford Inc. (AINC) on Thursday, February 23, 2017 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Deric Eubanks

Jordan Jennings

Joe Calabrese

Chief Financial Officer

Investor Relations

Financial Relations Board

(972) 490-9600

(972) 778-9487

(212) 827-3772

Ashford Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Ashford Inc. provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: AINC
CIK: 1604738
Form Type: 10-K Annual Report
Accession Number: 0001604738-17-000014
Submitted to the SEC: Thu Mar 16 2017 2:32:34 PM EST
Accepted by the SEC: Thu Mar 16 2017
Period: Saturday, December 31, 2016
Industry: Management Consulting Services