earnings
confidence medium
sentiment positive
materiality 0.75
DiamondRock Q1 net income $14.5M (+54%), raises guidance, $300M buyback
DiamondRock Hospitality Co
2026-Q1 EPS reported
$0.07
revenue$258,162,000
- Net income $14.5M ($0.07 diluted EPS), up 54.3% YoY; Adjusted FFO $0.22/sh, up 15.8%.
- Comparable RevPAR $190.01 (+2.0% YoY); Total RevPAR $298.95 (+2.5%); margin expanded 127 bps.
- Board approved new $300M share repurchase program; repurchased 0.1M shares post-QTR at $9.38.
- Signed new franchise agreement for Westin Boston Seaport District effective Jan 1, 2027.
- One hotel under contract for sale (closing Q2 2026); raised 2026 guidance midpoint.