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Ashford Inc. (AINC) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Ashford Inc.

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CIK: 1604738 Ticker: AINC
EXHIBIT 99.1


ashfordk150dpa01.jpg
NEWS RELEASE

Contact:  
 
Deric Eubanks
 
Jordan Jennings
 
Joe Calabrese
 
 
Chief Financial Officer
 
Investor Relations
 
Financial Relations Board
 
 
(972) 490-9600
 
(972) 778-9487
 
(212) 827-3772


ASHFORD REPORTS FOURTH QUARTER AND YEAR END 2018 RESULTS
Assets Under Management $6.5 Billion at Quarter End
Total Revenue Increased 72% in the Fourth Quarter
Full Year Total Revenue Increased 140%
Net Income Attributable to Common Stockholders $0.3 Million in the Fourth Quarter
Adjusted EBITDA Increased 65% in the Fourth Quarter
Full Year Adjusted EBITDA Increased 65%
Adjusted Net Income per Share Increased 15% in the Fourth Quarter
Full Year Adjusted Net Income per Share Increased 19%
Announced Enhanced Return Funding Program with Braemar Hotels & Resorts

DALLAS, February 28, 2019 - Ashford Inc. (NYSE American: AINC) (“Ashford” or the “Company”) today reported the following results and performance measures for the fourth quarter and year ended December 31, 2018. Unless otherwise stated, all reported results compare the fourth quarter and year ended December 31, 2018, with the fourth quarter and year ended December 31, 2017 (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 existing platforms accretively, and accelerating performance to earn incentive fees;
◦
Starting new platforms for additional base and incentive fees; and
◦
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 income attributable to common stockholders for the fourth quarter of 2018 totaled $0.3 million, or $0.14 per share, compared with a net loss of $7.4 million, or $3.58 per share, in the prior year quarter. Adjusted net income for the fourth quarter was $9.3 million, or $2.20 per diluted share, compared with $4.9 million, or $1.91 per diluted share, in the prior year quarter.



The following information was filed by Ashford Inc. (AINC) on Thursday, February 28, 2019 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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Inside Ashford Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual 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 (Loss)
Condensed Consolidated Statements Of Equity (Deficit)
Condensed Consolidated Statements Of Operations
Acquisitions
Acquisitions (Tables)
Acquisitions - Narrative (Details)
Acquisitions - Schedules (Details)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Concentration Of Risk
Concentration Of Risk (Details)
Concentration Of Risk (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Employee Benefit Plans (Tables)
Equity
Equity (Details)
Equity (Tables)
Equity-Based Compensation
Equity-Based Compensation (Details)
Equity-Based Compensation (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Fair Value Measurements - Level 3 (Details)
Furniture, Fixtures And Equipment, Net
Furniture, Fixtures And Equipment, Net (Details)
Furniture, Fixtures And Equipment, Net (Tables)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Goodwill (Details)
Goodwill And Intangible Assets, Net - Intangible Assets (Details)
Goodwill And Intangible Assets, Net - Narrative (Details)
Income (Loss) Per Share
Income (Loss) Per Share (Details)
Income (Loss) Per Share (Tables)
Income Taxes
Income Taxes (Details 1)
Income Taxes (Details 2)
Income Taxes (Details)
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Lease Commitments
Lease Commitments (Details)
Lease Commitments (Tables)
Mezzanine Equity
Mezzanine Equity (Details)
Mezzanine Equity (Tables)
Notes Payable, Net
Notes Payable, Net (Tables)
Notes Payable, Net - Debt Schedule (Details)
Notes Payable, Net - Maturities Of Debt (Details)
Notes Payable, Net - Narrative (Details)
Organization And Description Of Business
Organization And Description Of Business (Details)
Related Party Transactions
Related Party Transactions (Details)
Related Party Transactions (Tables)
Revenues
Revenues (Details)
Revenues (Tables)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Segment Reporting - Geographic Information (Details)
Selected Financial Quarterly Data (Unaudited)
Selected Financial Quarterly Data (Unaudited) (Details)
Selected Financial Quarterly Data (Unaudited) (Tables)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Subsequent Events
Subsequent Events (Details)
Summary Of Fair Value Of Financial Instruments
Summary Of Fair Value Of Financial Instruments (Details)
Summary Of Fair Value Of Financial Instruments (Tables)
Ticker: AINC
CIK: 1604738
Form Type: 10-K Annual Report
Accession Number: 0001604738-19-000013
Submitted to the SEC: Fri Mar 08 2019 7:14:17 AM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: Management Consulting Services

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