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Mar 31, 2023
Hilton Grand Vacations Q1 2023 Earnings Report
Hilton Grand Vacations reported first quarter results, demonstrating growth in revenue and adjusted EBITDA.
Key Takeaways
Hilton Grand Vacations reported a strong first quarter in 2023, with total revenues increasing to $934 million compared to $779 million in the same period of 2022. Net income also rose to $73 million from $51 million in the previous year, and Adjusted EBITDA reached $218 million, up from $202 million in 2022.
Total contract sales were $523 million.
Member count reached 519,000 with a Consolidated Net Owner Growth (NOG) of 3.3%.
Net income for the first quarter was $73 million compared to $51 million for the same period in 2022.
Adjusted EBITDA for the first quarter was $218 million compared to $202 million for the same period in 2022.
Forward Guidance
The Company is reiterating its 2023 guidance for Adjusted EBITDA excluding deferrals and recognitions to be in a range of $1,090 million to $1,120 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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