NYSE$HGV

Hilton Grand Vacations Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Hilton Grand Vacations reported results for Q4 2020, which were impacted by the COVID-19 pandemic and included a non-cash impairment expense.

Hilton Grand Vacations' Q4 2020 results were significantly impacted by the COVID-19 pandemic, with total revenues decreasing to $212 million and a net loss of $154 million. The results included a non-cash impairment expense of $209 million. However, the company saw sequential revenue and profitability growth since restarting operations and ended the year with a strong liquidity position.

  • Contract sales were $132 million.
  • Total revenues were $212 million, compared to $468 million in the same period of 2019.
  • Net loss was ($154) million, compared to $72 million net income for the same period in 2019.
  • Adjusted EBITDA was $24 million, compared to $105 million for the same period in 2019.

Headline financials

Total Revenue

$212M

Previous: $468M-54.7%
EPS (adj)

$0.65

Previous: $0.61+6.6%
Capital Expenditures

$2M

Previous: $12M-83.3%
Free Cash Flow

-$16M

Previous: -$15M-6.7%
Net Income

-$154M

Previous: $72M-313.9%
Operating Income

-$209M

Previous: $84M-348.8%
Gross Profit

$44M

Previous: $153M-71.2%
Cash & Equivalents

$428M

Previous: $67M+538.8%
Total Assets

$3.13B

Previous: $3.08B+1.8%
Stock-Based Comp

$5M

Previous: $4M+25.0%

Revenue & EPS history

Hilton Grand Vacations · Revenue · Quarterly

$212M

Q4 2020-54.7%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Looking ahead, Hilton Grand Vacations is focused on ramping up its Hawaii operations, reopening remaining markets, and opening new resorts in Maui, Charleston, and Okinawa.

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 Q4 2020

Historical avgQ4 2020

-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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