Choice Hotels Q3 net income $103.1M, RevPAR up 15.2% vs 2019, Radisson deal closed

CHOICE HOTELS INTERNATIONAL INC /DE

2022-Q3 EPS reported $4.93 revenue$1,039,967,000

Total revenues $414.3M (+28% YoY); diluted EPS $1.85; adjusted diluted EPS $1.56.
Adjusted EBITDA $139.4M; domestic RevPAR growth 15.2% vs Q3 2019, outperforming industry by 410 bps.
Closed Radisson Hotels Americas acquisition on Aug 11, 2022 for $674M; contributed $40.2M revenue.
Domestic franchise agreements awarded in Q3 increased 38% YoY; total pipeline up 16% to 1,017 hotels.
Resumed share repurchases, returning >$230M (~4% of shares); board increased authorization by 5M shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHOICE HOTELS INTERNATIONAL INC /DE reported third quarter 2022 results: revenue $414.3 million, net income $103.1 million, EPS $1.85.

Period: third quarter 2022
Revenue: $414.3 million
Net income: $103.1 million
EPS: $1.85
Result: reported results

Exact text from the filing

Total revenues increased 28% to $414.3 million for third quarter 2022, compared to the same period of 2021, and included $40.2 million revenue contribution from Radisson Hotels Americas. Total revenues, excluding reimbursable revenue from franchised and managed properties and an extraordinary one-time termination fee, increased 21% to $201 million for third quarter 2022, compared to the same period of 2021, and included $24.8 million revenue contribution from Radisson Hotels Americas. • Net income was $103.1 million for third quarter 2022, representing diluted earnings per share (EPS) of $1.85 .

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Source: SEC EDGAR

accession 0001046311-22-000036

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