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
Hilton Grand Vacations Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income