NYSE$RHP

Ryman Hospitality Properties Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong fourth quarter and full year results driven by the return of core convention customers and continued strength in leisure business.

Ryman Hospitality Properties reported strong Q4 and full year 2022 results, with record revenue, operating income, and Adjusted EBITDAre for the year. The Gaylord Hotels delivered a tremendous holiday season, aided by the return of ICE! programming. The Entertainment segment also delivered strong results, including record-setting full year revenue, operating income and Adjusted EBITDAre.

  • Strategic investments made since the beginning of 2020 have strengthened the business.
  • Robust return of core convention customers and continued strength in leisure business drove healthy net income.
  • Gaylord Hotels delivered a tremendous holiday season, aided by the return of ICE! programming.
  • Entertainment segment continued to deliver strong results in 2022.

Headline financials

Total Revenue

$569M

Previous: $377M+50.7%
EPS (adj)

$1.94

Previous: $0.94+106.4%
Occupancy

67.0%

Previous: 52.6%+27.4%
Average Daily Rate

$259.08

Previous: $227.21+14.0%
RevPAR

$173.60

Previous: $119.49+45.3%
Total RevPAR

$282.17

Previous: $182.20+54.9%
Net Income

$82.9M

Previous: $48.3M+71.6%
Operating Income

$118M

Previous: $78.5M+50.8%
Gross Profit

$176M

Previous: $94.1M+86.8%
Cash & Equivalents

$334M

Previous: $141M+137.5%
Total Assets

$5.93B

Previous: $3.97B+49.3%
Stock-Based Comp

$3.85M

Previous: $3.16M+21.9%

Revenue & EPS history

Ryman · Revenue · Quarterly

$569M

Q4 2022+50.7%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Ryman · $547M total across 2 segments · Q4 2022

  • Hospitality
    $429M+56.8%
  • Entertainment
    $119M+19.8%

Forward guidance

The following business performance outlook for 2023 is based on current information as of February 23, 2023.

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 2022

Historical avgQ4 2022

+0.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+3.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+7.8%

Q1 2020

Best reaction

-12.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+5.6%+9.5%
Q4 2025-0.7%-4.2%-9.7%
Q3 2025+1.4%+5.7%+3.6%
Q1 2025+6.0%+7.3%+10.2%
Q4 2024-5.0%-6.6%-8.8%
Q3 2024+0.7%+4.6%+9.9%
Q2 2024+0.4%-6.5%+1.0%
Q1 2024-0.6%-0.2%-0.4%
Q4 2023+0.2%-0.9%-3.3%
Q3 2023+2.1%+2.6%+8.9%
Q2 2023-5.3%-4.7%-8.2%
Q1 2023+1.9%+3.7%+8.3%
Q4 2022+3.9%+4.6%-9.5%
Q3 2022-0.0%-4.7%+3.0%
Q2 2022-1.6%-2.7%-7.1%
Q1 2022-0.2%-1.5%+1.6%
Q4 2021+3.4%-1.2%+4.1%
Q3 2021+4.5%+11.3%-13.0%
Q2 2021-2.0%+3.6%+9.1%
Q1 2021-3.3%+0.4%-1.8%
Q4 2020+7.1%+6.3%+4.4%
Q3 2020+1.8%+2.2%+61.0%
Q2 2020+7.5%+16.2%+27.7%
Q1 2020+7.8%-8.1%+45.9%
Q4 2019-11.8%-17.1%-58.2%
Q3 2019+4.3%+4.2%+2.9%
Q2 2019+4.5%+9.7%+12.8%
Q1 2019+2.4%+3.8%-3.9%
Q4 2018-3.8%-1.9%-0.5%
Q3 2018-0.0%-0.6%-1.1%
Q2 2018-0.7%+0.3%+4.5%
Q1 2018+0.2%+1.5%+7.0%
Q4 2017+3.7%+0.3%+6.9%
Q3 2017+0.5%-0.2%+3.7%
Q2 2017-5.3%-5.9%-5.1%
Q1 2017-0.9%+0.4%+1.5%
Q4 2016-2.9%-5.3%-8.3%
Q3 2016+3.0%+1.9%+17.1%
Q2 2016-1.8%-2.2%-6.1%
Q1 2016+0.1%
Q4 2015-1.9%
Q3 2015+3.0%
Q2 2015-8.4%
Q1 2015-1.0%
Q4 2014+5.7%
Q3 2014-0.4%
Q2 2014-2.0%
Q1 2014+1.7%
Q4 2013+0.0%
Q4 2010+0.0%
Q3 2013+7.7%
Q2 2013-4.1%
Q1 2013+0.2%
Q4 2012+2.9%
Q3 2012-2.4%
Q2 2012+4.9%
Q1 2012-0.4%
Q4 2011+2.4%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011-12.4%
Q1 2010-1.2%
Q1 2011-1.2%
Q2 2010-1.2%

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