Wyndham Hotels & Resorts, Inc. (WH) Tops Q1 EPS by 11c, Revenues Miss

Wyndham Hotels & Resorts, Inc. (NYSE: WH) reported Q1 EPS of $0.36, $0.11 better than the analyst estimate of $0.25. Revenue for the quarter came in at $303 million versus the consensus estimate of $334.52 million.

• Diluted earnings per share was $0.26, and adjusted diluted earnings per share was $0.36.
• Net income was $24 million and adjusted net income was $33 million.
• Adjusted EBITDA was $97 million.
• Generated $64 million of net cash provided by operating activities and $59 million of free cash flow.
• Global RevPAR declined 11% compared to first quarter 2020 and 31% compared to first quarter 2019 in constant currency.
• Paid quarterly cash dividend of $0.16 per share.
• Redeemed all $500 million aggregate principal amount of its outstanding 5.375% Senior Notes due 2026 on April 15, 2021.
• Company updates its previous 2021 projections.

"Wyndham's select-service franchise business model delivered a strong start to 2021 as leisure customers hit the road at a pace not experienced since the pandemic started and demand from our everyday business travelers continued to accelerate," said Geoffrey A. Ballotti, president and chief executive officer. "We were very pleased to see our development pipelines grow sequentially, both domestically and internationally, and our room openings and deletions improve year-over-year. We were also encouraged to see conversion room openings increase year-over-year, representing over 70% of total openings this quarter."

For earnings history and earnings-related data on Wyndham Hotels & Resorts, Inc. (WH) click here.

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