Marriott (MAR) Tops Q4 EPS by 5c

Marriott (NASDAQ: MAR) reported Q4 EPS of $1.44, $0.05 better than the analyst estimate of $1.39. Revenue for the quarter came in at $5.29 billion versus the consensus estimate of $5.48 billion.

• Fourth quarter reported diluted EPS totaled $0.92, compared to $0.31 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $1.44, a 32 percent increase over fourth quarter 2017 adjusted results;
• Full year 2018 reported diluted EPS totaled $5.38, a 40 percent increase from prior year results. Full year 2018 adjusted diluted EPS totaled $6.21, a 48 percent increase over full year 2017 adjusted results;
• Fourth quarter 2018 comparable systemwide constant dollar RevPAR rose 1.3 percent worldwide, 4.0 percent outside North America and 0.2 percent in North America;
• Full year 2018 comparable systemwide constant dollar RevPAR rose 2.6 percent worldwide, 5.5 percent outside North America and 1.5 percent in North America;
• The company added more than 80,000 rooms during 2018, including over 9,900 rooms converted from competitor brands and nearly 36,400 rooms in international markets;
• In 2018, Marriott signed agreements for a record 125,000 rooms, increasing the company\'s worldwide development pipeline to a record 478,000 rooms as of year-end, including nearly 23,000 rooms approved, but not yet subject to signed contracts;
• Fourth quarter reported net income totaled $317 million, compared to $114 million in the year-ago quarter. Fourth quarter adjusted net income totaled $497 million, a 23 percent increase over prior year adjusted results;
• Adjusted EBITDA totaled $864 million in the quarter, a 10 percent increase over fourth quarter 2017 adjusted EBITDA;
• Full year 2018 reported net income totaled $1,907 million, a 31 percent increase compared to prior year results. Full year 2018 adjusted net income totaled $2,201 million, a 38 percent increase over prior year adjusted results;
• Adjusted EBITDA totaled $3,473 million for full year 2018, an 11 percent increase over full year 2017 adjusted EBITDA;
• For full year 2018, Marriott repurchased 21.5 million shares of the company's common stock for $2.8 billion, including 3.0 million shares for $336 million during the fourth quarter.

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

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