Hilton Grand Vacations reports full-year and fourth-quarter 2018 results

February 27, 2019

ORLANDO, Fla. (Feb. 27, 2019) – Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today reports its full-year and fourth-quarter 2018 results. Highlights include:

 

KEY HIGHLIGHTS

Full-Year 2018 Results

  • Total revenues were $2.0 billion, net income was $298 million and diluted EPS was $3.05.
  • Adjusted EBITDA was $503 million, which was at the high end of guidance. Adjusted EBITDA includes a $79 million net benefit from recognitions related to sales that occurred prior to 2018.
  • Contract sales increased 10.6 percent and Net Owner Growth (NOG) was 7.0 percent.
  • Adjusted free cash flow was ($44) million.
  • Increased credit facility to $1 billion and announced $200 million share repurchase authorization.
  • Repurchased 2.5 million shares for $71 million under the new authorization at an average price of $28.62.

Outlook

  • Increasing diluted EPS guidance to $2.74 to $2.89 from $2.68 to $2.84 to reflect fourth quarter 2018 share repurchases.
  • Net income is projected to be between $260 million and $275 million.
  • Adjusted EBITDA is projected to be between $450 million and $470 million.
  • Contract sales are projected to increase 9.0 to 11.0 percent.
  • Adjusted free cash flow is projected to be between $60 million and $120 million.
  • 2019 outlook assumes no construction-related deferrals, recognitions or additional share repurchases.

 

View the full release

Hilton Grand Vacations Q4 and Full-Year 2018 Results

 

View as PDF

 

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Media Contact

L‍auren George
Senior Manager, External Communications
Hilton Grand Vacations

P: 1-407-613-8431 
E: lauren.george@hgv.com

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