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Sep 30, 2024

Hilton Grand Vacations Q3 2024 Earnings Report

Hilton Grand Vacations reported third quarter results in line with expectations, encouraged by early positive signs in operating metrics following strategic regionalization and staffing changes.

Key Takeaways

Hilton Grand Vacations reported a revenue of $1.306 billion for the third quarter of 2024, compared to $1.018 billion for the same period in 2023. Net income attributable to stockholders for the third quarter was $29 million, with diluted EPS at $0.28. The company is reiterating its guidance for the full year 2024 Adjusted EBITDA, excluding deferrals and recognitions, of $1.075 billion to $1.135 billion.

Total contract sales were $777 million.

Member count was 722,000.

Total revenues for the third quarter of 2024 were $1.306 billion.

Diluted EPS for the third quarter was $0.28.

Total Revenue
$1.31B
Previous year: $1.02B
+28.3%
EPS
$0.67
Previous year: $0.98
-31.6%
VPG
$3.39K
Previous year: $3.66K
-7.2%
Tour flow
227.79K
Previous year: 163.7K
+39.2%
Gross Profit
$760M
Previous year: $603M
+26.0%
Cash and Equivalents
$297M
Previous year: $227M
+30.8%
Free Cash Flow
$59M
Previous year: $70M
-15.7%
Total Assets
$11.2B
Previous year: $8.01B
+39.3%

Hilton Grand Vacations

Hilton Grand Vacations

Hilton Grand Vacations Revenue by Segment

Forward Guidance

The Company is reiterating its guidance for the full year 2024 Adjusted EBITDA, excluding deferrals and recognitions, of $1.075 billion to $1.135 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income