Choice Hotels (CHH) Tops Q2 EPS by 7c; Raises Adj-EBITDA Outlook

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Choice Hotels International Reports 2018 Second Quarter Results

August 8, 2018 8:01 AM EDT

ROCKVILLE, Md., Aug. 8, 2018 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, today reported its results for the three months ended June 30, 2018. Highlights include:

Net income was $79.8 million, or $1.40 per diluted share, for the second quarter of 2018. Adjusted net income, excluding certain items described in Exhibit 6, increased 49 percent to $63.4 million from the 2017 second quarter. Adjusted diluted earnings per share (EPS) were $1.11 for the second quarter of 2018, a 48-percent increase from the 2017 second quarter. Adjusted earnings before interest, taxes, depreciation, and... More