Choice Hotels Q1 adjusted EPS record $1.28, pipeline up 10%, raises guidance

CHOICE HOTELS INTERNATIONAL INC /DE

2024-Q1 EPS reported $0.62 revenue$331,949,000

Net income $31.0M ($0.62 diluted EPS); adjusted net income up 9% to $63.7M, adjusted diluted EPS up 14% to $1.28 (Q1 record).
Total revenues $331.9M (-0.3% YoY); net of reimbursable revenue up 16% to $203M; royalty fees $105.5M.
Global rooms pipeline record >115,000 rooms (+10% sequentially); conversion pipeline up 36%.
Repurchased $196.6M of stock YTD through Apr 30; Board increased share repurchase authorization by 5M shares.
Relaunched Park Inn by Radisson; full-year 2024 guidance raised for diluted EPS, reaffirmed for adj. EBITDA and adj. EPS.

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 first quarter 2024 results: revenue $331.9 million, net income $31.0 million, EPS diluted earnings per share (EPS) of $0.62. Guidance raised.

Period: first quarter 2024
Revenue: $331.9 million
Net income: $31.0 million
EPS: diluted earnings per share (EPS) of $0.62
Guidance: raised
Result: reported results

Exact text from the filing

versatile business model with multiple drivers positions us well to deliver continued earnings growth and create shareholder value.” Financial Performance • Total revenues were $331.9 million for first quarter of 2024, a 0.3% decrease compared to the same period of 2023. For first quarter 2024, compared to the same period of 2023, revenues, excluding reimbursable

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Source: SEC EDGAR

accession 0001046311-24-000020

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