Ashford Inc. (AINC) 10-K Annual Report March 2018

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ASHFORD REPORTS FOURTH QUARTER AND YEAR END 2017 RESULTS

Assets Under Management $6.3 Billion at Quarter End

Total Revenue Increased 52% in the Fourth Quarter

Full Year Adjusted EBITDA Increased 27%

Full Year Adjusted Net Income per Share Increased 19%

Completed Strategic Investment in J&S Audio Visual

DALLAS, March 1, 2018 - Ashford Inc. (NYSE American: AINC) (the “Company”) today reported the following results and performance measures for the fourth quarter ended December 31, 2017. Unless otherwise stated, all reported results compare the fourth quarter ended December 31, 2017, with the fourth quarter ended December 31, 2016 (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 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 or incubating strategic businesses that can achieve accelerated growth through doing business with our existing platforms and by leveraging our deep knowledge and extensive relationships within the hospitality sector


•	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 loss attributable to the Company for the fourth quarter of 2017 totaled $7.4 million, or $3.58 per share, compared with a net income of $0.7 million, or $0.36 per share, in the prior year quarter. Adjusted net income for the fourth quarter was $4.9 million, or $1.90 per diluted share, compared with $3.8 million, or $1.69 per diluted share, in the prior year quarter, reflecting a growth rate of 28% and 12%, respectively.


•	Total revenue for the fourth quarter of 2017 was $29.7 million, reflecting a growth rate of 52% over the prior year quarter. Total revenue for the full year 2017 was $81.6 million, reflecting a growth rate of 21% over the prior year.


•	Debt placement fee revenue of $913,000 in the fourth quarter


•	Adjusted EBITDA for the fourth quarter was $4.8 million, reflecting a growth rate of 19% over the prior year quarter. Adjusted EBITDA for the full year 2017 was $17.4 million, reflecting a growth rate of 27%

The following information was filed by Ashford Inc. (AINC) on Friday, March 2, 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-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 2018 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 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: 0001604738-18-000009
Submitted to the SEC: Mon Mar 12 2018 1:38:07 PM EST
Accepted by the SEC: Mon Mar 12 2018
Period: Sunday, December 31, 2017
Industry: Management Consulting Services