NYSE$HGV

Hilton Grand Vacations Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Hilton Grand Vacations' Q2 2024 results were impacted by sales challenges and a pullback in consumer spending, with revenue increasing but net income and EPS decreasing compared to the same period last year.

Hilton Grand Vacations reported a revenue increase to $1.235 billion, but experienced a decrease in net income to $2 million and a diluted EPS of $0.02. The company faced sales challenges and a pullback in consumer spending. Despite these challenges, the integration of Bluegreen Vacations remains on track, with solid underlying business fundamentals including a growing member base and increased geographic diversity.

  • Total revenues increased to $1.235 billion compared to $1.007 billion in the same period in 2023.
  • Net income attributable to stockholders decreased to $2 million from $80 million in the same period in 2023.
  • Diluted EPS decreased to $0.02 compared to $0.71 for the same period in 2023.
  • Adjusted EBITDA attributable to stockholders increased to $262 million compared to $248 million for the same period in 2023.

Headline financials

Total Revenue

$1.24B

Previous: $1.01B+22.6%
EPS

$0.02

Previous: $0.85-97.6%
Contract Sales

$757M

No prior period
Capital Expenditures

-$17M

Previous: -$9M-88.9%
Free Cash Flow

-$15M

Previous: $71M-121.1%
Net Income

$2M

Previous: $80M-97.5%
Operating Income

$940M

Previous: $847M+11.0%
Gross Profit

$1.08B

Previous: $936M+15.0%
Cash & Equivalents

$328M

Previous: $252M+30.2%
Total Assets

$11.5B

Previous: $8.15B+40.7%
Stock-Based Comp

$18M

Previous: $16M+12.5%

Revenue & EPS history

Hilton Grand Vacations · Revenue · Quarterly

$1.24B

Q2 2024+22.6%vs Q2 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The Company is updating its guidance for the full year 2024 Adjusted EBITDA, excluding deferrals and recognitions, to a range of $1.075 billion to $1.135 billion, or a reduction of $125 million from its prior guidance range.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-0.1%

Avg return

30 days after

46%

19 / 41 earnings

Positive

+18.1%

Q3 2018

Best reaction

-19.1%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.2%+7.1%+19.9%
Q4 2025-3.7%-8.8%-22.1%
Q3 2025-6.7%-8.1%-3.0%
Q1 2025+9.3%+12.4%+13.5%
Q4 2024+4.9%+1.2%-7.8%
Q3 2024+5.9%+7.5%+4.1%
Q2 2024-10.2%-8.5%-5.3%
Q1 2024-2.9%-2.3%-6.8%
Q4 2023-7.2%-8.9%-2.9%
Q3 2023-6.9%-9.7%-0.8%
Q2 2023-2.8%+1.5%-2.3%
Q1 2023-2.8%-0.2%+2.5%
Q4 2022+0.3%+5.2%-6.9%
Q3 2022+17.9%+14.5%+9.8%
Q2 2022+1.6%+4.6%-7.1%
Q1 2022+2.0%+1.5%+9.1%
Q4 2021-1.4%-6.5%+0.3%
Q3 2021-3.3%-5.5%-6.1%
Q2 2021+0.5%-1.2%+6.8%
Q1 2021+0.1%+0.8%+2.7%
Q4 2020+2.4%+2.6%-5.1%
Q3 2020-0.4%+12.2%+37.8%
Q2 2020-0.8%+1.6%+13.9%
Q1 2020-9.2%-16.2%+2.9%
Q4 2019-2.1%-5.3%-36.5%
Q3 2019+2.4%+4.0%+0.4%
Q2 2019-19.1%-19.4%+3.3%
Q1 2019-6.4%-6.4%-20.7%
Q4 2018-1.9%+2.8%-4.8%
Q3 2018+18.1%+12.7%+19.2%
Q2 2018-0.2%-1.9%-5.6%
Q1 2018-4.1%-7.0%-6.0%
Q4 2015+3.0%+5.3%-0.3%
Q4 2017+0.7%+3.2%+0.0%
Q3 2016-0.7%+2.2%-3.3%
Q3 2017-0.8%-0.5%-3.1%
Q2 2016+0.0%-1.2%+1.0%
Q2 2017+0.7%-1.0%-0.1%
Q1 2016+5.9%+6.4%+5.8%
Q1 2017+3.4%+1.9%+3.7%
Q4 2016+1.4%-0.8%-4.3%
Q3 2015
Q2 2015
Q1 2015

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