Hilton Grand Vacations ( (HGV) ) has released its Q4 earnings. Here is a breakdown of the information Hilton Grand Vacations presented to its investors.
Hilton Grand Vacations Inc. (NYSE: HGV) is a leading global timeshare company and the exclusive vacation ownership partner of Hilton, known for developing, marketing, and operating high-quality vacation ownership resorts in select destinations. The company recently released its fourth quarter and full year 2024 financial results, showcasing significant developments and financial metrics.
In the fourth quarter of 2024, Hilton Grand Vacations reported total revenues of $1.284 billion, an increase from $1.019 billion in the same period of 2023. However, net income attributable to stockholders decreased to $20 million from $68 million in the prior year, with diluted EPS also dropping to $0.19 from $0.62. The company highlighted a net deferral of $49 million affecting these figures. Despite these challenges, contract sales rose significantly to $837 million, and the company repurchased 3.2 million shares of common stock for $125 million.
Key financial metrics for the fourth quarter included an adjusted EBITDA attributable to stockholders of $240 million, down from $270 million in the previous year. The Real Estate Sales and Financing segment saw revenues increase to $769 million, driven by a rise in sales and financing revenue. The Resort Operations and Club Management segment also experienced growth, with revenues reaching $399 million, largely due to the integration of Bluegreen Vacations.
Looking forward, Hilton Grand Vacations expects adjusted EBITDA for 2025 to be between $1.125 billion and $1.165 billion, excluding deferrals and recognitions. The company plans to increase its quarterly share repurchase goal to $150 million, leveraging cash generated from its Financing Business Optimization program. CEO Mark Wang expressed optimism about the company’s strategic initiatives and its potential for growth in 2025 and beyond.
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