Hilton Grand Vacations (HGV) Tops Q1 EPS by 10c

Hilton Grand Vacations (NYSE: HGV) reported Q1 EPS of $0.51, $0.10 better than the analyst estimate of $0.41.

• EPS was $0.51 for the first quarter, a 6.3 percent increase from the same period in 2016.
• Net income for the first quarter was $50 million, a 4.2 percent increase from the same period in 2016.
• Adjusted EBITDA for the first quarter declined 2.1 percent from the same period in 2016 to $94 million.
• Contract sales for the first quarter increased 9.5 percent from the same period in 2016.
• Net Owner Growth for the 12 months ending March 31, 2017 was 7.2 percent.
• During the first quarter the Company completed a securitization transaction for gross proceeds of $350 million.
• During the first quarter the Company completed its separation from Hilton and began trading on the New York Stock Exchange under the ticker “HGV.”

For earnings history and earnings-related data on Hilton Grand Vacations (HGV) click here.

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