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%

Total Contract Sales

$632M

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%