Hilton Grand Vacations Reports First-Quarter 2017 Results

May 3, 2017

ORLANDO, Fla.–(BUSINESS WIRE)–

Hilton Grand Vacations Inc. (HGV) (“HGV” or the “Company”) today reported its first-quarter 2017 results. Highlights include:

  • EPS was $0.51 for the first quarter, a 6.3 percent increase from the same period in 2016.
  • Net income for the first quarter was $50 million, a 4.2 percent increase from the same period in 2016.
  • Adjusted EBITDA for the first quarter declined 2.1 percent from the same period in 2016 to $94 million.
  • Contract sales for the first quarter increased 9.5 percent from the same period in 2016.
  • Net Owner Growth for the 12 months ending March 31, 2017 was 7.2 percent.
  • During the first quarter the Company completed a securitization transaction for gross proceeds of $350 million.
  • During the first quarter the Company completed its separation from Hilton and began trading on the New York Stock Exchange under the ticker “HGV.”

Source: Yahoo! Finance

 

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L‍auren George
Senior Manager, External Communications
Hilton Grand Vacations

P: 1-407-613-8431 
E: [email protected]

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