Hilton Grand Vacations Q3 2023 Earnings Report
Key Takeaways
Hilton Grand Vacations reported a decrease in total revenues to $1,018 million, compared to $1,116 million in the same period of 2022. Net income decreased to $92 million from $150 million year-over-year, and diluted EPS decreased to $0.83 from $1.24 year-over-year. The results were impacted by a net deferral of $7 million and approximately $10 million due to the Maui wildfires.
Total contract sales were $603 million.
Member count reached 526,000.
Total revenues for the third quarter were $1,018 million.
Diluted EPS for the third quarter was $0.83.
Hilton Grand Vacations
Hilton Grand Vacations
Forward Guidance
The Company is updating its guidance for the full year 2023 Adjusted EBITDA excluding deferrals and recognitions to a range of $1,000 million to $1,020 million, from the prior $1,090 million to $1,120 million, which includes a reduction of approximately $17 million to $20 million due to the impact of the Maui wildfires in Q3 and Q4.