other material
confidence high
sentiment negative
materiality 0.65
Hyatt delays Q4/FY2023 earnings on ALG accounting; posts record cash flow, RevPAR up 9.1% in Q4
Hyatt Hotels Corp
- Earnings release delayed from Feb 15 due to finalizing deferred cost accounting in Apple Leisure Group; no cash impact.
- Comparable system-wide RevPAR rose 9.1% in Q4 and 17.0% for FY2023, exceeding full-year outlook.
- Free cash flow hit $602M for FY2023, a company record; cash from operations was $800M.
- Board declared $0.15/share Q1 dividend, payable March 12 to holders of record Feb 28.
- FY2023 share repurchases totaled ~4.1M Class A shares for $453M; capital returns of $500M in line with outlook.