earnings
confidence high
sentiment positive
materiality 0.80
RHP reports record Q2 net income of $104.7M, raises FY2024 outlook
Ryman Hospitality Properties, Inc.
2024-Q2 EPS reported
$2.31
revenue$1,141,635,000
- Record Q2 net income $104.7M (incl. $9.1M tax refund); revenue $613.3M (+21.5% YoY).
- Consolidated Adjusted EBITDAre record $233.2M (+33.5%); margin 38.0%.
- Booked >781k future same-store room nights at record ADR $284, up 7.3% vs Q2 2023.
- Raised FY2024 outlook for net income, Adjusted EBITDAre, AFFO; lowered RevPAR growth guidance.
- Refinanced OEG debt with $300M term loan B and $80M revolver; lower rate spread.