8-K
filed February 20, 2024, 6:59 PM ET
ticker CHH
CIK 0001046311
earnings
confidence high
sentiment positive
materiality 0.85
Choice Hotels reports record FY2023 revenue $1.5B, adj EBITDA $540.5M; guides 2024 adj EBITDA $580-600M
CHOICE HOTELS INTERNATIONAL INC /DE
2023-FY EPS reported
$5.07
revenue$1,544,165,000
- FY2023 revenue $1.5B (+10% YoY), adj diluted EPS $6.11 (+16%), adj EBITDA $540.5M (record, above guidance).
- Q4 adj diluted EPS $1.44 (+14% YoY), adj EBITDA $125M (+11%); total rev $358.4M (-1%).
- Global rooms pipeline >105,000 (+6% seq); conversion rooms pipeline +34% YoY; 263 hotel openings in 2023 (+13%).
- FY2024 guidance: net income $260-274M, adj EBITDA $580-600M; domestic effective royalty rate 4.99% (+6 bps).
- Pushing Wyndham combination; purchased >$110M of Wyndham shares in Q4; nominated director slate for Wyndham 2024 annual meeting.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHOICE HOTELS INTERNATIONAL INC /DE reported full-year 2024 results: net income $260 million and $274 million. Guidance initiated.
- Period
- full-year 2024
- Net income
- $260 million and $274 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
• The company provided full-year 2024 net income guidance of $ 260 million and $274 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHOICE HOTELS INTERNATIONAL INC /DE reported fourth quarter 2023 results: revenue $358.4 million, net income $29 million, EPS $0.58.
- Period
- fourth quarter 2023
- Revenue
- $358.4 million
- Net income
- $29 million
- EPS
- $0.58
- Result
- reported results
Exact text from the filing
• Fourth quarter 2023 total revenues were $358.4 million, a 1% decline compared to the same period of 2022. • Net income was $29 million for fourth quarter 2023, representing diluted EPS of $0.58.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHOICE HOTELS INTERNATIONAL INC /DE reported full-year 2023 results: revenue $1.5 billion, net income $258.5 million, EPS $5.07.
- Period
- full-year 2023
- Revenue
- $1.5 billion
- Net income
- $258.5 million
- EPS
- $5.07
- Result
- reported results
Exact text from the filing
• Record total revenues grew 10% to $1.5 billion for full-year 2023 compared to the same period of 2022. • Net income was $258.5 million for full-year 2023, representing diluted earnings per share (EPS) of $5.07.
View on SEC.gov
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