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Mar 31, 2024

Hilton Grand Vacations Q1 2024 Earnings Report

Hilton Grand Vacations reported first quarter results with increased revenue and adjusted EBITDA, while net loss occurred due to acquisition-related expenses.

Key Takeaways

Hilton Grand Vacations Inc. reported its first quarter 2024 results. Total revenues increased to $1,156 million compared to $934 million for the same period in 2023. The company reported a net loss attributable to stockholders of $(4) million, while adjusted EBITDA attributable to stockholders was $273 million.

Total revenues for the first quarter of 2024 were $1,156 million, up from $934 million in the same period in 2023.

Net loss attributable to stockholders for the first quarter was $(4) million, compared to a net income of $73 million for the same period in 2023.

Adjusted EBITDA attributable to stockholders for the first quarter was $273 million, compared to $218 million for the same period in 2023.

The Company is reiterating its guidance for the full year 2024 Adjusted EBITDA excluding deferrals and recognitions to a range of $1.2 billion to $1.26 billion.

Total Revenue
$1.16B
Previous year: $934M
+23.8%
EPS
$0.95
Previous year: $0.79
+20.3%
VPG
$3.59K
Previous year: $3.97K
-9.5%
Tour flow
174.14K
Previous year: 130.27K
+33.7%
Gross Profit
$257M
Previous year: $270M
-4.8%
Cash and Equivalents
$355M
Previous year: $389M
-8.7%
Free Cash Flow
-$19M
Previous year: $15M
-226.7%
Total Assets
$11.7B
Previous year: $8.48B
+37.6%

Hilton Grand Vacations

Hilton Grand Vacations

Hilton Grand Vacations Revenue by Segment

Forward Guidance

The Company is reiterating its guidance for the full year 2024 Adjusted EBITDA excluding deferrals and recognitions to a range of $1.2 billion to $1.26 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income