https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b98.png avatar
Hilton Grand Vacations
🇺🇸 NYSE:HGV
View Company
OverviewEarningsDividends
•
Dec 31, 2019

Hilton Grand Vacations Q4 2019 Earnings Report

Hilton Grand Vacations reported its Q4 2019 earnings, which included solid execution and a return to contract sales growth.

Key Takeaways

Hilton Grand Vacations Inc. reported a decrease in total revenues for the fourth quarter of 2019, with a net income of $72 million compared to $120 million for the same period in 2018. The total revenues were $468 million compared to $642 million for the same period in 2018. Diluted EPS for the fourth quarter was $0.83 compared to $1.24 for the same period in 2018.

Total revenues for the fourth quarter were $468 million compared to $642 million for the same period in 2018.

Net income for the fourth quarter was $72 million compared to $120 million for the same period in 2018.

Diluted EPS for the fourth quarter was $0.83 compared to $1.24 for the same period in 2018.

Contract sales in the fourth quarter were $365 million, an increase of 1.4% from the same period in 2018.

Total Revenue
$468M
Previous year: $642M
-27.1%
EPS
$0.61
Previous year: $1.24
-50.8%
VPG
$3.68K
Previous year: $3.78K
-2.5%
Tour flow
95.84K
Previous year: 91.08K
+5.2%
Gross Profit
$153M
Previous year: $238M
-35.7%
Cash and Equivalents
$67M
Previous year: $108M
-38.0%
Free Cash Flow
-$15M
Previous year: $31M
-148.4%
Total Assets
$3.08B
Previous year: $2.75B
+11.8%

Hilton Grand Vacations

Hilton Grand Vacations

Hilton Grand Vacations Revenue by Segment

Forward Guidance

Hilton Grand Vacations provided its full year 2020 outlook, excluding any potential impact of the coronavirus. Net income is projected to be between $198 and $208 million, and diluted EPS is projected to be between $2.28 and $2.39. Adjusted EBITDA is projected to be between $400 and $415 million, and contract sales growth is expected to be 3% to 7%.

Positive Outlook

  • Net income is projected to be between $198 and $208 million.
  • Diluted EPS is projected to be between $2.28 and $2.39.
  • Adjusted EBITDA is projected to be between $400 and $415 million.
  • Contract sales growth is expected to be 3% to 7%.
  • Adjusted free cash flow is projected to be between $50 and $110 million.

Challenges Ahead

  • Net income is expected to be affected by a net deferral of $55 to $60 million.
  • Diluted EPS is expected to be affected by a net deferral of $55 to $60 million or $0.63 to $0.69 per share.
  • Adjusted EBITDA is expected to be affected by a net deferral of $55 to $60 million.
  • The 2020 outlook does not reflect any additional share repurchases.
  • This outlook also excludes any potential impact of the coronavirus

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Hilton Grand Vacations