Hilton Grand Vacations Q3 2020 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a decrease in total revenues to $208 million compared to $466 million for the same period in 2019. Net loss for the third quarter was ($7) million, a significant drop from the $50 million net income in the same period of the previous year. Despite these challenges, the company delivered positive adjusted EBITDA of $19 million and expects to deliver positive adjusted free cash flow for the full-year 2020.
Contract sales in the third quarter were $117 million.
Total revenues for the third quarter were $208 million compared to $466 million for the same period in 2019.
Net loss for the third quarter was ($7) million compared to $50 million net income for the same period in 2019.
Adjusted EBITDA for the third quarter was $19 million compared to $111 million for the same period in 2019.
Hilton Grand Vacations
Hilton Grand Vacations
Hilton Grand Vacations Revenue by Segment
Forward Guidance
Hilton Grand Vacations expects to deliver positive adjusted free cash flow for the full-year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income