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.
Also Read: Airbnb Is Nearly 40% More Expensive Than Its Rivals: Here’s What Key Indicators For ABNB Stock Reveal
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.
Read Next:
Photo: Shutterstock
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.