other material
confidence high
sentiment neutral
materiality 0.55
Hyatt realigns reportable segments into three groups; provides recast 2023 financials
Hyatt Hotels Corp
- Segments: Management & Franchising, Owned & Leased, Distribution (includes ALG Vacations and Mr & Mrs Smith).
- FY 2023 recast Adjusted EBITDA: $1,029M; total net income $220M ($2.05 diluted EPS).
- Conference call to discuss realignment on May 3, 2024 at 10:00 a.m. CT (dial-in 800.715.9871, ID 2589041).
- Supplemental financial data for Q1-Q4 2023 available in Form 8-K filed April 25, 2024.
- Realignment aligns with business strategy and leadership organizational changes effective Q1 2024.