secwatch.observer — SEC 8-K summary
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Issuer:     Hyatt Hotels Corp (H)
CIK:        0001468174
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001468174-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyatt reports Q4 net income $26M, adjusted EPS $0.64; record fees, highest cash flow in history
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- Net income $26M in Q4 ($220M FY); diluted EPS $0.25 ($2.05 FY); adjusted EPS $0.64 ($2.56 FY).
- Adjusted EBITDA $241M Q4 ($1,029M FY), exceeding full-year outlook; system-wide RevPAR +9.1% Q4 (+17% FY).
- Net rooms growth 5.9% in 2023; pipeline ~127K rooms; asset-light earnings mix ~76%.
- Returned $500M to shareholders in 2023, including $453M share repurchases (4.1M shares).
- Sold 80% of Unlimited Vacation Club for $80M; will continue to manage under long-term agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468174/000146817424000011/0001468174-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468174/000146817424000011/h-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001468174-24-000011

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