NYSE$WH

Wyndham Hotels & Resorts Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Wyndham's Q4 2022 performance was marked by exceeding expectations, pipeline growth, and increased shareholder dividends.

Wyndham Hotels & Resorts reported strong Q4 and full-year 2022 results, exceeding the high end of its full-year outlook. Global RevPAR grew 15% compared to Q4 2021, and the development pipeline increased by 12%. The company also raised its quarterly dividend by 9%.

  • Global RevPAR increased by 15% compared to Q4 2021 in constant currency.
  • System-wide rooms grew by 4% year-over-year.
  • The development pipeline expanded by 12% year-over-year.
  • Hotel Franchising segment revenues grew by 12% compared to Q4 2021.

Headline financials

Total Revenue

$334M

Previous: $392M-14.8%
EPS (adj)

$0.72

Previous: $0.69+4.3%
Global RevPAR

$39.86

Previous: $35.99+10.8%
Global Rooms

842.5K

Previous: 810.1K+4.0%
U.S. RevPAR

$45.96

Previous: $43.84+4.8%
International RevPAR

$31.44

Previous: $23.99+31.1%
U.S. Rooms

493.8K

Previous: 490.6K+0.7%
International Rooms

348.7K

Previous: 319.5K+9.1%
Capital Expenditures

$11M

Previous: $14M-21.4%
Free Cash Flow

$39M

Previous: $389M-90.0%
Net Income

$56M

Previous: $48M+16.7%
Operating Income

$93M

Previous: $89M+4.5%
Gross Profit

$170M

Previous: $191M-11.0%
Cash & Equivalents

$161M

Previous: $171M-5.8%
Total Assets

$4.12B

Previous: $4.27B-3.4%
Stock-Based Comp

$8M

Previous: $8M+0.0%

Revenue & EPS history

Wyndham · Revenue · Quarterly

$334M

Q4 2022-14.8%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Wyndham · $303M total across 1 segment · Q4 2022

  • Hotel Franchising
    $303M+12.2%

Forward guidance

The Company provided the following outlook for full-year 2023:Year-over-year rooms growth2 - 4%Year-over-year global RevPAR growth (a)4 - 6%Fee-related and other revenues$1.38 - $1.41 billionAdjusted EBITDA$650 - $660 millionAdjusted net income$337 - $349 millionAdjusted diluted EPS$3.84 - $3.98Free cash flow conversion rate (b)50 - 55%

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

+0.7%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.0%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+8.8%

Q3 2018

Best reaction

-5.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-4.4%-4.5%
Q4 2025+5.6%+5.1%-5.0%
Q3 2025-5.5%-10.0%-9.5%
Q2 2025-1.0%-2.6%-3.3%
Q1 2025+0.1%-2.2%-3.0%
Q4 2024-1.6%+2.1%-17.5%
Q3 2024+8.0%+7.1%+16.0%
Q2 2024+3.4%+4.1%+4.8%
Q1 2024+5.4%+3.9%-1.6%
Q4 2023+1.2%+0.1%-0.3%
Q3 2023-2.5%-3.4%+5.3%
Q2 2023+2.0%+5.0%-1.2%
Q1 2023-1.5%+2.0%+3.9%
Q4 2022-2.0%-2.2%-15.9%
Q3 2022+4.4%+7.9%+3.0%
Q2 2022-1.8%-1.6%-1.0%
Q1 2022-1.0%-1.4%-11.8%
Q4 2021+4.5%+1.6%-1.7%
Q3 2021+5.7%+4.3%+0.8%
Q2 2021+3.7%+0.4%+3.9%
Q1 2021-0.1%-2.1%+0.9%
Q4 2020-2.6%-3.7%+10.6%
Q3 2020-2.2%+0.6%+21.1%
Q2 2020-1.5%-5.1%+13.6%
Q1 2020+6.5%+20.3%+37.6%
Q4 2016-1.6%-2.3%-34.7%
Q4 2019-1.6%-2.3%-34.7%
Q3 2019+0.7%+3.1%+9.7%
Q2 2019-4.7%-2.8%-16.2%
Q1 2019+2.5%+2.4%-2.8%
Q4 2018-0.3%+1.3%+0.1%
Q3 2017+8.8%+9.2%+10.7%
Q3 2018+8.8%+9.2%+10.7%
Q2 2017+0.2%-7.4%-8.9%
Q2 2018-2.0%+0.4%-3.1%
Q1 2018-3.8%-1.7%-6.7%
Q4 2017-3.8%-1.7%-6.7%
Q1 2017

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