earnings
confidence high
sentiment positive
materiality 0.75
Park Hotels Q2 net income $150M, RevPAR +119.7% YoY; Q3 RevPAR guidance $171-$174
Park Hotels & Resorts Inc.
2022-Q2 EPS reported
$0.40
revenue$1,174,000,000
- Net income attributable to stockholders $150M (diluted EPS $0.66); Adjusted FFO $139M ($0.61 per share).
- Pro-forma RevPAR $173.03 (+119.7% YoY, -10.2% vs Q2 2019); occupancy 71.0%.
- Repurchased 8.5M shares in Q2 at avg $18.33 ($157M); YTD 12M shares for $218M.
- Q3 2022 RevPAR guidance $171-$174 (down 7-9% vs 2019); Adjusted EBITDA $145-$165M.
- Exited covenant relief period in July 2022 (one quarter early); liquidity ~$1.7B.