DiamondRock Hospitality (DRH) Tops Q4 EPS by 3c, Slight Miss on Revenues

DiamondRock Hospitality (NYSE: DRH) reported Q4 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $207.04 million versus the consensus estimate of $207.14 million.

Fourth Quarter 2017 Highlights

• Net Income: Net income was $24.8 million and earnings per diluted share was $0.12.
• Comparable RevPAR: RevPAR was $184.24, a 3.8% increase from the comparable period of 2016.
• Comparable Hotel Adjusted EBITDA Margin: Hotel Adjusted EBITDA margin was 31.22%, a 77 basis point contraction from the comparable period of 2016.
• Adjusted EBITDA: Adjusted EBITDA was $61.9 million, an increase of $3.2 million from 2016.
• Adjusted FFO: Adjusted FFO was $50.7 million and Adjusted FFO per diluted share was $0.25.
• Business Interruption Insurance Income: The Company recognized $4.1 million of business interruption insurance income during the quarter related to Frenchman\'s Reef and Morning Star Marriott Beach Resort and the Inn at Key West.
• Dividends: The Company declared a dividend of $0.125 per share during the fourth quarter, which was paid on January 12, 2018.

For earnings history and earnings-related data on DiamondRock Hospitality (DRH) click here.

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