Hilton Grand Vacations Inc

Latest Results (20.08.2024):

Total Revenues

Hilton Grand Vacations Inc. reported total revenues of $1.235 billion for the second quarter of 2024, compared to $1.007 billion for the same period in 2023. This increase in revenue was influenced by a net deferral of $13 million in the current period, compared to a net deferral of $6 million in the same period in 2023.

Net Income

For the second quarter of 2024, Hilton Grand Vacations Inc. reported a net income attributable to stockholders of $2 million, a significant decrease from the $80 million reported for the same period in 2023. Adjusted net income attributable to stockholders was $65 million, down from $95 million in the second quarter of 2023.

Diluted EPS

Hilton Grand Vacations Inc.'s diluted earnings per share (EPS) for the second quarter of 2024 was $0.02, compared to $0.71 for the same period in 2023. Adjusted diluted EPS was $0.62, down from $0.85 in the second quarter of 2023. Both diluted EPS and adjusted diluted EPS were affected by a net deferral of $8 million in the current period.

Adjusted EBITDA

Adjusted EBITDA attributable to stockholders for Hilton Grand Vacations Inc. in the second quarter of 2024 was $262 million, compared to $248 million for the same period in 2023. The adjusted EBITDA was impacted by a net deferral of $8 million in the current period, compared to a net deferral of $4 million in the same period in 2023.

Share Repurchase

During the second quarter of 2024, Hilton Grand Vacations Inc. repurchased 2.3 million shares of common stock for $100 million. As of July 31, 2024, the company had repurchased approximately 1.1 million shares for $46 million and had $114 million of remaining availability under the 2023 Share Repurchase Plan. Additionally, the Board of Directors approved a new share repurchase program authorizing the company to repurchase up to $500 million of its outstanding shares over a two-year period.