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Aaron's CEO Discusses Q1 2012 Results - Earnings Call Transcript

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.

Gil 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.

Lee Wilder

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.

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