Hilton Grand Vacations

Oct 29, 2020

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Sep 30, 2020

Hilton Grand Vacations Q3 2020 Earnings Report

Hilton Grand Vacations reported third quarter results affected by the COVID-19 pandemic.

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.