HGV Reports Full-Year and Fourth Quarter 2018 Results

March 1, 2019

Nasdaq (2/27) shares the press release announcing Hilton Grand Vacations’ full year and fourth quarter 2018 results. Full year highlights include total revenues of $2.0 billion, net income of $298 million and diluted EPS of $3.05. Adjusted EBITDA was $503 million, contract sales increased 10.6 percent and Net Owner Growth (NOG) was 7.0 percent. The outlook includes 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 expected to be between $260 million and $275 million, adjusted EBITDA to be between $450 million, and $470 million, and contract to increase 9.0 to 11.0 percent. President and CEO Mark Wang commented that “2018 was a remarkable year.”

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