CHH - Choice Hotels International Inc. (CHH) Q1 2024 Earnings Call Transcript
2024-05-08 14:30:47 ET
Choice Hotels International, Inc. (CHH)
Q1 2024 Results Conference Call
May 08, 2024 10:00 AM ET
Company Participants
Allie Summers - Senior Director and Investor Relations
Patrick Pacious - President, CEO & Director
Scott Oaksmith - Chief Financial Officer
Conference Call Participants
Shaun Kelley - Bank of America
Michael Bellisario - Baird
Stephen Grambling - Morgan Stanley
David Katz - Jefferies
Robin Farley - UBS
Joe Greff - JPMorgan
Charles Patrick Scholes - Truist Securities
Alex Brignall - Redburn Atlantic
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's First Quarter 2024 Earnings Call. [Operator Instructions] I will now turn the conference over to Allie Summers, Investor Relations, Senior Director for Choice Hotels.
Allie Summers
Good morning, and thank you for joining us today. Before we begin, we'd like to remind you that during this conference call, certain predictive or forward-looking statements will be used to assist you in understanding the company and its results. Actual results may differ materially from those indicated in the forward-looking statements, and you should consult the company's Forms 10-Q, 10-K and other SEC filings for information about important risk factors affecting the company that you should consider. These forward-looking statements speak as of today's date, and we undertake no obligation to publicly update them to reflect subsequent events or circumstances.
You can find a reconciliation of our non-GAAP financial measures referred to in our remarks as part of our first quarter 2024 earnings press release, which is posted on our website at choicehotels.com under the Investor Relations section.
This morning, Pat Pacious, President and Chief Executive Officer, will speak to our first quarter operating results; while Scott Oaksmith, Chief Financial Officer, will discuss our financial performance and 2024 outlook. Following our prepared remarks, we'll be glad to answer your questions.
And with that, I'll turn the call over to Pat.
Patrick Pacious
Thank you, Allie, and good morning, everyone. We appreciate you taking the time to join us. It has been a successful start to the year. We drove our adjusted EBITDA 17% higher and our adjusted EPS, 14% higher year-over-year to record first quarter levels, and we expect to carry this strong momentum through the rest of the year. The impressive results we delivered in the first quarter clearly demonstrate that we are unlocking the revenue synergies from the Radisson Americas’ integration....
Choice Hotels International, Inc. (CHH) Q1 2024 Earnings Call Transcript