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Dec 31, 2023

Hilton Grand Vacations Q4 2023 Earnings Report

Hilton Grand Vacations reported Q4 2023 results, with revenue increasing and adjusted EBITDA exceeding revised guidance.

Key Takeaways

Hilton Grand Vacations Inc. reported fourth quarter 2023 results with total revenues of $1,019 million compared to $992 million for the same period in 2022. Net income for the fourth quarter was $68 million, compared to $78 million for the same period in 2022. Adjusted EBITDA for the fourth quarter was $270 million, compared to $252 million for the same period in 2022.

Total revenues for the fourth quarter were $1,019 million, up from $992 million in the same period in 2022.

Net income for the fourth quarter was $68 million, compared to $78 million for the same period in 2022.

Adjusted EBITDA for the fourth quarter was $270 million, compared to $252 million for the same period in 2022.

The company repurchased 2.7 million shares of common stock for $99 million during the quarter.

Total Revenue
$1.02B
Previous year: $992M
+2.7%
EPS
$1.01
Previous year: $1.01
+0.0%
VPG
$3.73K
Previous year: $4.35K
-14.3%
Tour flow
151.96K
Previous year: 141.61K
+7.3%
Gross Profit
$586M
Previous year: $313M
+87.2%
Cash and Equivalents
$589M
Previous year: $223M
+164.1%
Free Cash Flow
-$28M
Previous year: -$62M
-54.8%
Total Assets
$8.69B
Previous year: $8B
+8.5%

Hilton Grand Vacations

Hilton Grand Vacations

Hilton Grand Vacations Revenue by Segment

Forward Guidance

The Company expects full-year 2024 Adjusted EBITDA excluding deferrals and recognitions to be in a range of $1.2 billion to $1.26 billion, inclusive of the operations of Bluegreen Vacations and expected synergies.

Revenue & Expenses

Visualization of income flow from segment revenue to net income