Hilton Grand Vacations Q3 2021 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a strong third quarter with total revenues of $928 million, net income of $99 million, and adjusted EBITDA of $340 million. The company's acquisition of Diamond Resorts contributed significantly to the results, with $143 million in contract sales and $89 million in adjusted EBITDA. The integration process is proceeding as planned, and the company is realizing substantial cost synergies.
Contract sales in the third quarter were $433 million.
Legacy-HGV contract sales of $290 million were 81% of Q3 2019 contract sales.
Diamond contributed $143 million during the 59 days of HGV ownership.
Total revenues for the third quarter were $928 million compared to $208 million for the same period in 2020.
Hilton Grand Vacations
Hilton Grand Vacations
Hilton Grand Vacations Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income