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Mar 31, 2021
Hilton Grand Vacations Q1 2021 Earnings Report
Hilton Grand Vacations reported first quarter results, showing sequential improvement driven by optimism in leisure travel and vaccine rollouts.
Key Takeaways
Hilton Grand Vacations reported a total revenue of $235 million for Q1 2021, compared to $351 million for the same period in 2020. The company experienced a net loss of $7 million, a decrease from the $8 million net income reported in Q1 2020. Adjusted EBITDA for the quarter was $42 million, up from $33 million in the previous year.
Contract sales in the first quarter were $139 million.
Net Owner Growth (NOG) for the 12 months ended March 31, 2021, was (0.1)%.
Total revenues for the first quarter were $235 million compared to $351 million for the same period in 2020.
Adjusted EBITDA for the first quarter was $42 million compared to $33 million for the same period in 2020.
Forward Guidance
The company anticipates the transaction to close during the summer of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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