Hilton Grand Vacations Q4 Misses EPS Estimates, Boosts Share Repurchase

Hilton Grand Vacations Inc. HGV shares are trading higher on Thursday in the premarket session.

The company reported fourth-quarter adjusted earnings per share of 49 cents, missing the street view of 76 cents. Quarterly sales of $1.28 billion were in line with the street view, higher than $1.019 billion in the year-ago period.

Total revenues were affected by a net deferral of $90 million in the current period compared to a net deferral of $21 million in the same period in 2023.

Adjusted EBITDA attributable to stockholders for the fourth quarter was $240 million compared to $270 million for the same period in 2023.

Adjusted EBITDA attributable to stockholders was affected by a net deferral of $49 million in the current period.

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Total cash and equivalents were $328 million and total restricted cash was $438 million as of Dec. 31.

Debt (net) expanded to $4.601 billion from $3.049 billion in the year-ago period.

The estimated value of the company’s total contract sales pipeline is $12.7 billion at current pricing.

“Over the past year, we made meaningful improvements to our cost base and organizational structure, introduced HGV Max to Bluegreen members, and produced record free cash flow while returning over $430 million to shareholders,” said Mark Wang, CEO of Hilton Grand Vacations.

Outlook: The company expects full-year 2025 Adjusted EBITDA attributable to stockholders, excluding deferrals and recognitions to be in a range of $1.125 billion to $1.165 billion.

Hilton Grand intends to increase its average quarterly share repurchase goal to $150 million per quarter, from the current $100 million per quarter, to take advantage of the increased cash generated from its Financing Business Optimization program.

Price Action: HGV shares are trading higher by 2.44% to $41.50 premarket at last check Thursday.

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