HGV - Hilton Grand Vacations beats Q1 top and bottom line estimates; reaffirms FY23 outlook
2023-04-27 07:36:11 ET
- Hilton Grand Vacations press release ( NYSE: HGV ): Q1 Non-GAAP EPS of $0.79 beats by $0.23 .
- Revenue of $934M (+19.9% Y/Y) beats by $44.27M .
- Total contract sales were $523 million.
- Member count was 519,000. Consolidated Net Owner Growth for the 12 months ended March 31, 2023, was 3.3%.
- Adjusted EBITDA for the first quarter was $218 million compared to $202 million for the same period in 2022.
- Outlook: The Company is reiterating its 2023 guidance for Adjusted EBITDA excluding deferrals and recognitions to be in a range of $1,090 million to $1,120 million.
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Hilton Grand Vacations beats Q1 top and bottom line estimates; reaffirms FY23 outlook