NYSE$HGV

Hilton Grand Vacations Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Hilton Grand Vacations reported record earnings following the acquisition of Diamond Resorts. The integration process is proceeding as planned with strong EBITDA and record margins.

Hilton Grand Vacations reported a strong third quarter with total revenues of $928 million, net income of $99 million, and adjusted EBITDA of $340 million. The company's acquisition of Diamond Resorts contributed significantly to the results, with $143 million in contract sales and $89 million in adjusted EBITDA. The integration process is proceeding as planned, and the company is realizing substantial cost synergies.

  • Contract sales in the third quarter were $433 million.
  • Legacy-HGV contract sales of $290 million were 81% of Q3 2019 contract sales.
  • Diamond contributed $143 million during the 59 days of HGV ownership.
  • Total revenues for the third quarter were $928 million compared to $208 million for the same period in 2020.

Headline financials

Total Revenue

$928M

Previous: $208M+346.2%
EPS (adj)

$0.90

Previous: -$0.08+1225.0%
Capital Expenditures

-$11M

Previous: -$6M-83.3%
Free Cash Flow

$87.7M

Previous: -$12.8M+782.7%
Net Income

$98.7M

Previous: -$6.85M+1541.6%
Operating Income

$848M

Previous: $186M+355.9%
Gross Profit

$928M

Previous: $208M+346.2%
Cash & Equivalents

$334M

Previous: $625M-46.6%
Total Assets

$8.1B

Previous: $3.54B+128.5%
Stock-Based Comp

$14M

Previous: $6M+133.3%

Revenue & EPS history

Hilton Grand Vacations · Revenue · Quarterly

$928M

Q3 2021+346.2%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

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 Q3 2021

Historical avgQ3 2021

-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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