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Jun 30, 2022
Hilton Grand Vacations Q2 2022 Earnings Report
Hilton Grand Vacations reported record results driven by strong travel trends and the value proposition of their offerings.
Key Takeaways
Hilton Grand Vacations Inc. reported second quarter 2022 results with total revenues of $948 million compared to $334 million for the same period in 2021. Net income for the second quarter was $73 million compared to $9 million net income for the same period in 2021. Diluted EPS for the second quarter was $0.60 compared to $0.10 for the same period in 2021. Adjusted EBITDA for the second quarter was $273 million compared to $70 million for the same period in 2021.
Total contract sales in the second quarter were $617 million, 105% of pro-forma combined Q2 2019 contract sales.
Member count increased for the eighth straight quarter. Net Owner Growth (NOG) for the Legacy-HGV business for the 12 months ended June 30, 2022, was 3.2%, and Diamond added over 1,400 net new members in the quarter.
Total revenues for the second quarter were $948 million compared to $334 million for the same period in 2021.
Net income for the second quarter was $73 million compared to $9 million net income for the same period in 2021.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
The Company is reiterating its 2022 guidance for Deferral Adjusted EBITDA to be in a range of $960 million to $990 million.