Hilton Grand Vacations 第四季度每股收益未達預期,但增加了股票回購

財報速遞
02-27
週四盤前市場交易中,希爾頓分時度假俱樂部(HGV)的股票價格上漲。該公司報告第四季度調整後每股收益爲49美分,低於市場預期的76美分。季度銷售額爲12.8億美元,符合市場預期,高於去年同期的10.19億美元。 本季度的總收入受到9000萬美元淨遞延的影響,而去年同期爲2100萬美元。本季度調整後歸屬於股東的EBITDA爲2.4億美元,而去年同期爲2.7億美元,本季度的調整後歸屬於股東的EBITDA受到了4900萬美元淨遞延的影響。 截至12月31日,總現金及現金等價物爲3.28億美元,總受限現金爲4.38億美元。債務(淨)從去年同期的30.49億美元擴展到46.01億美元。按當前價格計算,該公司的合同銷售總管道價值估計爲127億美元。 希爾頓分時度假俱樂部首席執行官Mark Wang表示:“在過去一年中,我們對成本基礎和組織結構進行了重要改進,向Bluegreen 會員介紹了HGV Max,創造了創紀錄的自由現金流,同時向股東返還了超過4.3億美元。” 展望未來:公司預計2025年全年調整後歸屬於股東的EBITDA,排除延期和確認將在11.25億美元到11.65億美元之間。希爾頓分時度假俱樂部計劃將每季度股票回購目標平均提高到每季度1.5億美元,而目前爲每季度1億美元,以利用其融資業務優化計劃產生的增加現金。 價格走勢:HGV股票在週四最後檢查時盤前交易上漲2.44%,至41.50美元。

以上內容來自Benzinga Earnings專欄,原文如下:

Hilton Grand Vacations Inc. (NYSE:HGV) shares are trading higher on Thursday in the premarket session.

The company reported fourth-quarter adjusted earnings per share of 49 cents, missing the street view of 76 cents. Quarterly sales of $1.28 billion were in line with the street view, higher than $1.019 billion in the year-ago period.

Total revenues were affected by a net deferral of $90 million in the current period compared to a net deferral of $21 million in the same period in 2023.

Adjusted EBITDA attributable to stockholders for the fourth quarter was $240 million compared to $270 million for the same period in 2023.

Adjusted EBITDA attributable to stockholders was affected by a net deferral of $49 million in the current period.

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Total cash and equivalents were $328 million and total restricted cash was $438 million as of Dec. 31.

Debt (net) expanded to $4.601 billion from $3.049 billion in the year-ago period.

The estimated value of the company’s total contract sales pipeline is $12.7 billion at current pricing.

“Over the past year, we made meaningful improvements to our cost base and organizational structure, introduced HGV Max to Bluegreen members, and produced record free cash flow while returning over $430 million to shareholders,” said Mark Wang, CEO of Hilton Grand Vacations.

Outlook: The company expects full-year 2025 Adjusted EBITDA attributable to stockholders, excluding deferrals and recognitions to be in a range of $1.125 billion to $1.165 billion.

Hilton Grand intends to increase its average quarterly share repurchase goal to $150 million per quarter, from the current $100 million per quarter, to take advantage of the increased cash generated from its Financing Business Optimization program.

Price Action: HGV shares are trading higher by 2.44% to $41.50 premarket at last check Thursday.

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