Ashford

Ashford, Inc. engages in the provision of asset management, advisory services and other products and services primarily to clients in the hospitality industry. The firm operates through following business segments: REIT Advisory, Remington, Premier, JSAV, OpenKey, and Corporate & Other. The REIT Advisory segment provides asset management and advisory services to other entities. The Remington segment engages in hotel management services. The Premier segment provides design, development, architectural, and project management services. The JSAV segment is engaged in the provision of event technology and creative communications solutions services. The OpenKey segment provides a universal smartphone app for keyless entry into hotel guest rooms. The Corporate and Other segment includes the business services of RED, Marietta, Pure Wellness and Lismore and REA Holdings. The company was founded by Montgomery Jack Bennett on April 2, 2014 and is headquartered in Dallas, TX.

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Ashford is an alternative asset management company with a portfolio of strategic operating businesses that provide global asset management, investment management, and related services to the real estate and hospitality sectors.

DALLAS , July 31, 2024 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company"), today announced that in connection with its previously announced plan to withdraw and delist its common stock from trading on the NYSE American LLC stock exchange (the "NYSE American") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company effected a 1-for-10,000 reverse stock split of the Company's common stock (the "Reverse Stock Split") followed immediately by a 10,000-for-1 forward stock split of the Company's common stock (the "Forward Stock Split," together with the Reverse Stock Split, the "Transaction"), on July 29, 2024 at 5:01 p.m. Eastern Time and 5:02 p.m.

ASHFORD INC. ANNOUNCES EFFECTUATION OF REVERSE STOCK SPLIT AND FORWARD STOCK SPLIT

COMPANY TO TERMINATE REGISTRATION OF ITS COMMON STOCK DALLAS , July 22, 2024 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company"), today announced that at the Special Meeting of Stockholders held on July 22, 2024, the Company's stockholders voted to approve proposals to effect a 1-for-10,000 reverse stock split of the Company's common stock, which will be followed immediately by a 10,000-for-1 forward stock split, and to adopt a waiver on the prohibition on Rule 13e-3 transactions contained in Section 3.03 of the Investor Rights Agreement entered into as of November 6, 2019 by and among the Company, Archie Bennett, Jr., Monty J. Bennett and certain other parties.

ASHFORD INC. ANNOUNCES RESULTS OF SPECIAL MEETING OF STOCKHOLDERS

DALLAS , April 1, 2024 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the "Reverse Stock Split") immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the "NYSE American") (the "Proposed Transaction"). It is expected that this plan would be initiated in the summer of 2024, subject to Ashford's stockholders approving the Proposed Transaction at a Special Meeting of Stockholders to be held for that purpose, as described below.

ASHFORD INC.'S BOARD OF DIRECTORS APPROVES PLAN TO TERMINATE REGISTRATION OF ITS COMMON STOCK

DALLAS , March 26, 2024 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Ashford plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 12:00 p.m.

ASHFORD SETS FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Ashford Inc. (AINC) Q4 2023 Earnings Call Transcript

DALLAS, March 1, 2024 /PRNewswire/ --  Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on December 20, 2023, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide").

ASHFORD ANNOUNCES ACCEPTANCE OF COMPLIANCE PLAN BY NYSE AMERICAN

DALLAS , Dec. 27, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced details for the release of its results for the fourth quarter ended December 31, 2023. Ashford plans to issue its earnings release for the fourth quarter after the market closes on Thursday, February 29, 2024, and will host a conference call on Friday, March 1, 2024, at 12:00 p.m.

ASHFORD SETS FOURTH QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

DALLAS , Dec. 26, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that it received a letter from the NYSE American LLC (the "NYSE American") dated December 20, 2023, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide").

ASHFORD RECEIVES LETTER OF NON-COMPLIANCE FROM NYSE AMERICAN

Ashford Inc. (NYSE:AINC ) Q3 2023 Earnings Conference Call November 9, 2023 12:00 PM ET Company Participants Jordan Jennings - IR Deric Eubanks - CFO Eric Batis - EVP, Operations Conference Call Participants Jonathan Jenkins - Oppenheimer Operator Good afternoon. My name is Jordan, and I'll be your conference operator today.

Ashford Inc. (AINC) Q3 2023 Earnings Call Transcript

DALLAS , Oct. 16, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that it is moving its third quarter 2023 earnings release and earnings conference call to one day earlier. Ashford plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 8, 2023, and will host a conference call on Thursday, November 9, 2023, at 12:00 p.m.

ASHFORD ANNOUNCES DATE CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

DALLAS , Oct. 9, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that the Company has changed the scheduled date and start time of its third quarter 2023 earnings conference call. The call was previously scheduled for Thursday, November 2, 2023, at 1:00 p.m.

ASHFORD ANNOUNCES DATE AND TIME CHANGE FOR THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

DALLAS , Sept. 19, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2023.

ASHFORD SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

Ashford Inc. (NYSE:AINC ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Jordan Jennings - Investor Relations Deric Eubanks - Chief Financial Officer Eric Batis - Executive Vice President, Operations Conference Call Participants Jonathan Jenkins - Oppenheimer Operator Greetings, and welcome to Ashford Second Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Ashford Inc. (AINC) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Ashford (AINC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Ashford (AINC) Q2 Earnings

Ashford (AINC) came out with quarterly earnings of $1.57 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.21 per share a year ago.

Ashford (AINC) Q2 Earnings Miss Estimates

DALLAS , June 26, 2023  /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) ("Ashford"), is pleased to announce that it has reached a milestone of $500 million, including $42.1 million from institutions, in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels. Ashford Securities previously served as the managing broker-dealer for Braemar Hotels & Resorts Inc. and currently serves as the managing broker-dealer for Ashford Hospitality Trust, Inc. and a growth-oriented private offering that is targeting investments in all types of commercial real estate in the state of Texas.

ASHFORD SECURITIES ANNOUNCES $500 MILLION IN CAPITAL RAISED SINCE 2021

DALLAS , June 19, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2023. Ashford plans to issue its earnings release for the second quarter after the market closes on Wednesday, August 2, 2023, and will host a conference call on Thursday, August 3, 2023, at 1:00 p.m.

ASHFORD SETS SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

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Ashford Inc. (NYSE:AINC ) Q1 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Jordan Jennings - Investor Relations Deric Eubanks - Chief Financial Officer Eric Batis - Executive Vice President, Operations Conference Call Participants Bryan Maher - B Riley Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Ashford Incorported First Quarter 2023 Results Conference Call.

Ashford Inc. (AINC) Q1 2023 Earnings Call Transcript

Ashford (AINC) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.50 per share a year ago.

Ashford (AINC) Surpasses Q1 Earnings and Revenue Estimates

Ashford Hospitality Trust

DALLAS , April 4, 2023 /PRNewswire/ -- Ashford Securities LLC ("Ashford Securities"), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) ("Ashford"), continues to receive strong interest from the investment community for its recently launched product, shares of Series J Redeemable Preferred Stock (brokerage shares) and Series K Redeemable Preferred Stock (advisory shares) of Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust"). In total, Ashford Trust has sold more than $13.3 million of its Series J and Series K Redeemable Preferred Stock through Ashford Securities as dealer manager since the offering commenced, including $9.1 million in March of 2023.

ASHFORD SECURITIES ANNOUNCES INITIAL SALES FOR ITS SECOND INVESTMENT PRODUCT

DALLAS , March 20, 2023 /PRNewswire/ -- Ashford Inc. (NYSE American: AINC) ("Ashford" or the "Company") today announced that RED Hospitality & Leisure, LLC ("RED"), a leading watersports and resort services company, has acquired privately-held Alii Nui and Maui Dive Shop, Maui's premier luxury catamaran and diving operation. Alii Nui has developed a reputation of providing the ultimate Maui luxury sailing and watersport experience with offerings including sunset sails, dinner cruises, scuba lessons, snorkeling and whale-watching excursions and was recently ranked #1 in Maui and #10 in Hawaii for the Best Tour Company in 2023 by USA Today's 10BEST.

ASHFORD'S RED HOSPITALITY & LEISURE ANNOUNCES EXPANSION INTO HAWAII

Ashford Inc. (NYSE:AINC ) Q4 2022 Earnings Conference Call February 23, 2023 12:00 PM ET Company Participants Jordan Jennings - Investor Relations Deric Eubanks - Chief Financial Officer Eric Batis - Executive Vice President, Operations Conference Call Participants Bryan Maher - B. Riley Securities Operator Greetings and welcome to the Ashford Inc. Fourth Quarter 2022 Results Conference Call.

Ashford Inc. (AINC) Q4 2022 Earnings Call Transcript

Ashford (AINC) delivered earnings and revenue surprises of 42.24% and 10.61%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ashford (AINC) Surpasses Q4 Earnings Estimates

Here is how Ashford (AINC) and Banco Bilbao (BBVA) have performed compared to their sector so far this year.

News for Ashford Stock (AINC)