Aaron's Posted Record Q3 2012 Results (AAN, PPC)
** For the third quarter of 2012, Aaron's, Inc. (NYSE:AAN) posted revenues of $529.5 million, a 9% increase year over year. Net earnings were $28.9 million versus $28.0 million last year. Diluted earnings per share were $.38 compared to $.36 per share in 2011.
Online PR News – 27-October-2012 –AAN, Aaron's, Inc.
For the third quarter of 2012, AAN posted revenues of $529.5 million, a 9% increase year over year. Net earnings were $28.9 million versus $28.0 million last year. Diluted earnings per share were $.38 compared to $.36 per share in 2011. AAN currently has more than 2,009 Company-operated and franchised stores in 48 states and Canada. AAN's Woodhaven Furniture Industries division manufactured approximately $89 million, at cost, of furniture and bedding at 14 facilities in eight states in 2011. The production of Woodhaven is for shipment to AAN's stores. More about AAN at www.aaronsinc.com
PPC, Pilgrim's Pride Corporation
On its its third quarter 2012 results, PPC posted net sales of $2.1 billion and EBITDA of $103 million. PPC recognized net income of $42.9 million during the third quarter of 2012, resulting in net income of $0.17 per diluted share. This compares to a net loss of $162.5 million, or an adjusted loss of $0.72 per diluted share in the same quarter of the prior year. Net debt was reduced to $1.1 billion in the period, reflecting a year-to-date reduction in net debt of $317.1 million. PPC operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico. PPC's primary distribution is through retailers and foodservice distributors. More about PPC at www.pilgrims.com.
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