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NEW YORK -On Thursday, Hilton Grand Vacations Inc . (NYSE:HGV) reported fourth quarter earnings that fell short of analyst expectations, as the vacation ownership company saw higher expenses offset revenue growth.
The company’s shares slipped -0.02% in premarket trading.
The Orlando-based company posted adjusted earnings per share of $0.49, missing the consensus estimate of $0.81. Revenue rose to $1.28 billion, slightly below analysts’ projections of $1.3 billion.
Total (EPA:TTEF) contract sales increased to $837 million in Q4, up from $572 million in the same period last year. However, higher sales and marketing expenses weighed on profitability.
"We’re excited to report a strong finish to another productive year, highlighted by the successful closing and integration of our Bluegreen Vacations (NYSE:BXG) acquisition," said Mark Wang, CEO of Hilton Grand Vacations.
The company’s adjusted EBITDA attributable to stockholders declined to $240 million from $270 million in Q4 2023. Hilton Grand Vacations said results were impacted by a $49 million net deferral related to sales of vacation ownership interests under construction.
For full year 2025, the company expects adjusted EBITDA attributable to stockholders of $1.125 billion to $1.165 billion, excluding deferrals and recognitions.
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