Hilton Grand Vacations Inc

Latest Results (29.12.2024):

Revenue Growth

Hilton Grand Vacations Inc. reported total revenues of $1.306 billion for the third quarter of 2024, marking an increase from $1.018 billion in the same period of 2023. This growth was influenced by a net recognition of $49 million in the current period, compared to a net deferral of $12 million in the previous year.

Net Income Decline

For the third quarter of 2024, Hilton Grand Vacations Inc. recorded a net income attributable to stockholders of $29 million, a decrease from $92 million in the same quarter of 2023. The adjusted net income for the quarter was $68 million, down from $109 million in the previous year, impacted by a net recognition of $27 million.

Earnings Per Share

Hilton Grand Vacations Inc. reported a diluted EPS of $0.28 for the third quarter of 2024, compared to $0.83 in the same period of 2023. The adjusted diluted EPS was $0.67, down from $0.98 in the previous year, with the figures affected by a net recognition of $27 million in the current period.

Adjusted EBITDA

The company's adjusted EBITDA attributable to stockholders for the third quarter of 2024 was $303 million, an increase from $269 million in the same period of 2023. This figure was influenced by a net recognition of $27 million, compared to a net deferral of $7 million in the previous year.

Share Repurchase Program

During the third quarter of 2024, Hilton Grand Vacations Inc. repurchased 2.8 million shares of common stock for $108 million. The company has a new share repurchase program authorized to repurchase up to $500 million of its outstanding shares over a two-year period, with $503 million of remaining availability under the share repurchase programs as of October 31, 2024.