Hilton Grand Vacations Reports Second-Quarter 2017 Results

ORLANDO, Fla. (Aug. 2, 2017) – Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today reported its second-quarter and six-months 2017 results. Highlights include:

  • EPS was $0.51 for the second quarter, a 6.3 percent increase from the same period in 2016.
  • Net income for the second quarter was $51 million, an 8.5 percent increase from the same period in 2016.
  • Adjusted EBITDA for the second quarter increased 2.9 percent from the same period in 2016 to $106 million.
  • Contract sales for the second quarter increased 11.0 percent from the same period in 2016.
  • Net Owner Growth (NOG) for the 12 months ending June 30, 2017, was 7.2 percent.
  • Subsequent to the second quarter, the Company entered into a joint venture agreement with affiliates of Blackstone Real Estate Partners VIII L.P. to purchase Elara, a Hilton Grand Vacations Club, located in Las Vegas.

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