ILG (ILG) Reports In-Line Q3 EPS, Miss on Revenues

ILG (NASDAQ: ILG) reported Q3 EPS of $0.28, in-line with the analyst estimate of $0.28. Revenue for the quarter came in at $446 million versus the consensus estimate of $447.95 million.

THIRD QUARTER HIGHLIGHTS

• Consolidated revenue increased 7% to $446 million
  • Consolidated timeshare contract sales were higher by $10 million, or 9%
• Net income attributable to common stockholders was $29 million
  • Earnings before income taxes and noncontrolling interests was $47 million, an increase of $17 million, or 57%
  • Adjusted net income* was $35 million
  • Diluted EPS was $0.23 and adjusted diluted EPS* was $0.28
  • Adjusted EBITDA* was $87 million, an increase of $7 million, or 9%
• Excluding the estimated impact of the hurricanes, our results would have been the following:
  • Consolidated revenue of $451 million, an increase of $33 million, or 8%
  • Consolidated timeshare contract sales of $121 million, up $14 million, or 13%
  • Net income attributable to common stockholders and adjusted net income of $33 million and $37 million, respectively
  • Adjusted EBITDA of $90 million, up $10 million, or 13%
  • Diluted EPS and adjusted diluted EPS of $0.26 and $0.30, respectively
• After $179 million of inventory spend, net cash from operating activities for the nine months was $158 million
  • Free cash flow* was $249 million
  • We issued $325 million asset-backed notes in a securitization
• ILG paid $56 million in dividends and repurchased 1.1 million shares for approximately $28 million, returning a total of $84 million to shareholders in the nine months ended September 30, 2017

For earnings history and earnings-related data on ILG (ILG) click here.

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