Choice Hotels Q3 adjusted EPS $1.82, up 17% YoY; raises FY2023 guidance

CHOICE HOTELS INTERNATIONAL INC /DE

2023-Q3 EPS reported $4.47 revenue$1,185,769,000

Total revenues $425.6M (+3% YoY); adjusted EBITDA $155.9M (record, +12%).
Adjusted diluted EPS $1.82 (+17% YoY); net income $92.0M ($1.81 GAAP EPS).
Global rooms pipeline >99,000 (+6% sequentially); conversion rooms up 27% sequentially.
Achieved $84M annual synergies from Radisson integration, exceeding target by 5%.
Raised full-year 2023 financial guidance; returned $550M to shareholders trailing 12 months.

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 0.9

CHOICE HOTELS INTERNATIONAL INC /DE reported the quarter ended September 30, 2023 results: revenue $425.6 million, net income $92.0 million, EPS $1.81. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $425.6 million
Net income: $92.0 million
EPS: $1.81
Guidance: raised
Result: reported results

Exact text from the filing

discussions for the benefit of both companies’ franchisees, shareholders, associates, and guests.” Highlights of third quarter 2023 results include: 1 • Total revenues were $425.6 million for third quarter 2023, a third quarter record and a 3% increase compared to the same period of 2022. • Total revenues, excluding reimbursable revenue from franchised and managed

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Source: SEC EDGAR

accession 0001046311-23-000033

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