Hilton Worldwide (NYSE: HLT) reported Q1 EPS of $0.38, $0.10 better than the analyst estimate of $0.28. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.06 billion.

GUIDANCE:

Hilton Worldwide sees FY2017 EPS of $1.73-$1.81, versus the consensus of $1.75.

Outlook

Share-based metrics in Hilton\'s outlook do not include the effect of potential share repurchases.

Full Year 2017

• System-wide RevPAR is expected to increase between 1.0 percent and 3.0 percent on a comparable and currency neutral basis compared to 2016.
• Diluted EPS from continuing operations, before special items, is projected to be between $1.58 and $1.65.
• Diluted EPS, adjusted for special items, is projected to be between $1.73 and $1.81.
• Net income is projected to be between $529 million and $554 million.
• Adjusted EBITDA is projected to be between $1,860 million and $1,900 million.
• Management and franchise fee revenue is projected to increase between 7 percent and 9 percent compared to 2016 on a pro forma basis.
• Capital expenditures, excluding amounts reimbursed by hotel owners, are expected to be between $150 million and $200 million.
• Cash available for capital return is projected to be between $900 million and $1 billion.
• General and administrative expenses are projected to be flat compared to 2016.
• Net unit growth is expected to be approximately 50,000 rooms to 55,000 rooms.

Second Quarter 2017

• System-wide RevPAR is expected to increase between 1.0 percent and 3.0 percent on a comparable and currency neutral basis compared to the second quarter of 2016.
• Diluted EPS from continuing operations, before special items, is projected to be between $0.47 and $0.51.
• Diluted EPS, adjusted for special items, is projected to be between $0.47 and $0.51.
• Net income is projected to be between $156 million and $173 million.
• Adjusted EBITDA is projected to be between $490 million and $510 million.
• Management and franchise fee revenue is projected to increase between 7 percent and 9 percent compared to the second quarter of 2016 on a pro forma basis.

Highlights:

• Diluted EPS from continuing operations for the first quarter was $0.22 and diluted EPS, adjusted for special items, was $0.38
• Net income for the first quarter was $75 million
• Adjusted EBITDA for the first quarter was $424 million, an increase of 16 percent from pro forma Adjusted EBITDA for the first quarter of 2016
• Adjusted EBITDA margin was 55.4 percent, an increase of 550 basis points from pro forma Adjusted EBITDA margin for the first quarter of 2016
• System-wide comparable RevPAR increased 3.0 percent on a currency neutral basis for the first quarter compared to the prior year, achieving high end of guidance
• Added 7,800 net rooms in the first quarter, representing 20 percent growth from the same period in 2016
• Approved 27,000 new rooms for development during the first quarter, growing Hilton\'s development pipeline to a record 325,000 rooms, representing 16 percent growth from March 31, 2016
• Initiated a stock repurchase program in March and repurchased 1.2 million shares of Hilton common stock for an aggregate cost of $70 million during the first quarter, and 2.1 million shares at an aggregate cost of $123 million through April 2017
• Executed financing transactions during the first quarter that collectively lowered weighted average cost of debt by 25 basis points, reduced interest rate risk and extended weighted average debt maturities by nearly 1.5 years
• Raised Adjusted EBITDA guidance for full year 2017 to between $1,860 million and $1,900 million, an increase of $20 million at the midpoint

For earnings history and earnings-related data on Hilton Worldwide (HLT) click here.