Hilton Grand Vacations Q4 2024 Earnings Report
Key Takeaways
Hilton Grand Vacations reported Q4 2024 revenue of $1.284 billion, up from $1.019 billion in the prior year. Net income attributable to stockholders was $20 million, a sharp decline from $68 million in Q4 2023, impacted by a $49 million net construction deferral. EPS dropped to $0.19 from $0.62, while adjusted EPS fell to $0.49 from $1.01. The company repurchased 3.2 million shares during the quarter for $125 million.
Total revenue increased 26% year-over-year, reaching $1.284 billion.
EPS fell to $0.19 due to construction deferrals and lower net income.
Real Estate Sales and Financing revenue grew by $178 million to $769 million.
The company repurchased 3.2 million shares for $125 million in Q4 2024.
Hilton Grand Vacations
Hilton Grand Vacations
Hilton Grand Vacations Revenue by Segment
Forward Guidance
Hilton Grand Vacations expects full-year 2025 Adjusted EBITDA of $1.125 billion to $1.165 billion, with increased share repurchases and an optimized securitization strategy.
Positive Outlook
- Full-year 2025 Adjusted EBITDA forecasted at $1.125B to $1.165B.
- Company plans to increase quarterly share repurchases to $150M.
- Significant cash flow expected from Financing Business Optimization.
- Strong inventory pipeline valued at $12.7B in sales potential.
- Continued momentum from Bluegreen Vacations acquisition.
Challenges Ahead
- Net income and EPS declined due to deferral impacts.
- Lower real estate profit margin at 21.7%, down from 32.9% last year.
- Financing profit margin dropped to 60.8% from 68.3%.
- International revenue remains a small portion of total revenue.
- Market uncertainties may impact sales and financing strategies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income