Aaron’s, Inc. (AAN)
Q1 2012 Earnings Call
April 27, 2012; 10:00 am ET
Charlie Loudermilk - Chairman
Ron Allen - Chief Executive Officer
Ken Butler - Chief Operating Officer
Gil Danielson - Chief Financial Officer
Lee Wilder - Investor Relations
Brad Thomas - Keybanc Capital Markets
John Baugh - Stifel Nicolaus
John Rowan - Sidoti & Company
Matt McCall - BB&T Capital Markets
David Magee - Suntrust Robinson Humphrey
Jordan Hymowitz - Philadelphia Financial
Chuck Ruff - Inside Investments
Laura Champine - Canaccord Genuity
TJ McConville - Raymond James & Associates
Arvind Bhatia - Sterne Agee
Good morning, and welcome to the first quarter 2012 Aaron’s Inc earnings call. All lines will be muted during the presentation portions of the call, with the opportunity for questions-and-answers at the end.
At this time I would like to introduce your host, Gil Danielson with Aaron’s, Inc. Thank you and enjoy your conference. You may proceed Mr. Danielson.
Okay, well thank you everybody for joining us this morning. As usual I’m going to turn it over to Lee Wilder to read our standard Safe Harbor statement and then we’ll start the call. Lee.
Good morning. My name is Lee Wilder and I assist in Investor Relations for Aaron’s. The company’s earnings release issued last night and the related Form 8-K are available on our website
, in the Investor Relations section and this webcast will be archived for replay there as well. With us today are Charlie Loudermilk, Chairman; Ron Allen, CEO; Ken Butler, COO; and Gil Danielson, CFO.
Before we discuss the results, I would like to read the company’s Safe Harbor statement. Except for the historical information, the matters discussed today are forward-looking statements of the company. As such, they will involve a number of risks and uncertainties, including factors such as changes in general economic conditions, competition, pricing, litigations, customer pricing, information security, customer demand and other issues that could cause actual results to differ materially from such statements, including the risks and uncertainties discussed under Risk Factors in the company’s 2011 Annual Report on Form 10-K, including without limitation the company’s projected revenues, earnings and store openings and store acquisitions, as well as disposition activity for future periods.