NYSE$HGV

Hilton Grand Vacations Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported strong revenue growth but lower net income and EPS due to deferral impacts.

Hilton Grand Vacations reported Q4 2024 revenue of $1.284 billion, up from $1.019 billion in the prior year. Net income attributable to stockholders was $20 million, a sharp decline from $68 million in Q4 2023, impacted by a $49 million net construction deferral. EPS dropped to $0.19 from $0.62, while adjusted EPS fell to $0.49 from $1.01. The company repurchased 3.2 million shares during the quarter for $125 million.

  • Total revenue increased 26% year-over-year, reaching $1.284 billion.
  • EPS fell to $0.19 due to construction deferrals and lower net income.
  • Real Estate Sales and Financing revenue grew by $178 million to $769 million.
  • The company repurchased 3.2 million shares for $125 million in Q4 2024.

Headline financials

Total Revenue

$1.28B

Previous: $1.02B+26.0%
EPS (adj)

$0.49

Previous: $1.01-51.5%
Contract Sales

$837M

No prior period
Adjusted EBITDA

$240M

No prior period
Net Income

$20M

Previous: $68M-70.6%
Operating Income

$49M

Previous: $108M-54.6%
Gross Profit

$134M

Previous: $586M-77.1%

Revenue & EPS history

Hilton Grand Vacations · Revenue · Quarterly

$1.28B

Q4 2024+26%vs Q4 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Hilton Grand Vacations expects full-year 2025 Adjusted EBITDA of $1.125 billion to $1.165 billion, with increased share repurchases and an optimized securitization strategy.

Tailwinds

  • Full-year 2025 Adjusted EBITDA forecasted at $1.125B to $1.165B.
  • Company plans to increase quarterly share repurchases to $150M.
  • Significant cash flow expected from Financing Business Optimization.
  • Strong inventory pipeline valued at $12.7B in sales potential.
  • Continued momentum from Bluegreen Vacations acquisition.

Headwinds

  • Net income and EPS declined due to deferral impacts.
  • Lower real estate profit margin at 21.7%, down from 32.9% last year.
  • Financing profit margin dropped to 60.8% from 68.3%.
  • International revenue remains a small portion of total revenue.
  • Market uncertainties may impact sales and financing strategies.

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 2024

Historical avgQ4 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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