Earnings ·
Hilton Grand Vacations reports Q3 diluted EPS of $3.70, cuts full-year Adjusted EBITDA guidance
HGVHilton Grand Vacations Inc.
Hilton Grand Vacations reported third-quarter net income attributable to stockholders of $291 million and diluted earnings per share of $3.70, compared to $25 million and $0.28 in the prior year period. Results included a one-time net construction recognition of $296 million related to a Hawaii project; excluding this item, adjusted diluted EPS was $4.03 on adjusted net income of $317 million. Total revenues reached $1.961 billion, driven by a $536 million construction revenue recognition, while contract sales declined 11% to $807 million. The company reduced its full-year 2026 Adjusted EBITDA guidance excluding deferrals and recognitions to a range of $1.165 billion to $1.180 billion from the previous estimate of $1.225 billion to $1.265 billion, citing slower-than-expected ramp in sales execution initiatives. Additionally, the company repurchased 2.4 million shares for $110 million during the quarter and promoted Mike Riley to executive vice president, chief sales and marketing officer. Hilton Grand Vacations is a leading global timeshare developer, marketer, and operator of vacation ownership resorts.