Aaron's, Inc. Announces Executive Changes
Aug 11 15
Aaron's, Inc. announced that Curt Doman, Chief Technology Officer and Co-Founder of Progressive Leasing, has been appointed to the company’s Board of Directors. The company also announced that David Kolb and Brian Kahn are departing the Board.
Aaron's, Inc. Declares Quarterly Cash Dividend, Payable October 1, 2015
Aug 7 15
The board of directors of Aaron's, Inc. has declared a quarterly cash dividend. The dividend declared is $0.023 per share on common stock, payable on October 1, 2015 to shareholders of record as of the close of business on September 3, 2015.
Aaron's, Inc. Reports Unaudited Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015
Jul 24 15
Aaron's, Inc. reported unaudited consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $769,049,000 against $662,490,000 a year ago. Operating profit was $67,543,000 against $16,817,000 a year ago. Earnings before income taxes were $64,354,000 against $13,562,000 a year ago. Earnings per diluted share were $0.56 against $0.12 a year ago. Net earnings were $40,546,000 against $8,505,000 a year ago. Non-GAAP net earnings were $44,696,000 against $27,213,000 a year ago. Non-GAAP earnings per diluted share were $0.61 against $0.37 a year ago. EBITDA was $89,788,000 compared to $43,001,000 a year ago. The $122.0 million increase in revenue was due to $138.9 million in revenue from Progressive Finance, acquired April 14, 2014, partially offset by a decrease of $16.9 million in revenue from Aaron's core business.
For the six months, the company reported total revenues of $1,590,863,000 against $1,247,913,000 a year ago. Operating profit was $152,355,000 against $78,711,000 a year ago. Earnings before income taxes were $142,184,000 against $74,272,000 a year ago. Earnings per diluted share were $1.23 against $0.64 a year ago. Net earnings were $89,789,000 against $46,844,000 a year ago. Non-GAAP net earnings were $98,109,000 against $66,716,000 a year ago. Non-GAAP earnings per diluted share were $1.35 against $0.92 a year ago. EBITDA was $193,531,000 compared to $119,303,000 a year ago.
The company is updating its ebitda and diluted earnings per share guidance for the full year 2015. The company expects diluted earnings per share is presented both on a gaap basis and on a non-gaap basis that excludes progressive-related intangible amortization. The company currently expects to achieve the ebitda in the range of $325 million to $350 million compared with the previous guidance of $305 million to $335 million. Consolidated EBITDA in the range of $120 million to $130 million compared with the previous guidance of $105 million to $115 million. GAAP diluted earnings per share in the range of $1.92 to $2.12 compared with the previous guidance of $1.78 to $1.98. Non-GAAP adjusted diluted earnings per share in the range of $2.15 to $2.35 compared with the previous guidance of $2.01 to $2.21.
Aaron's, Inc. to Report Q2, 2015 Results on Jul 24, 2015
Jul 8 15
Aaron's, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 24, 2015