earnings
confidence high
sentiment positive
materiality 0.90
Hilton Q1 adj EPS $1.53 beats; RevPAR +2%; pipeline record 472k rooms; acquires Graduate Hotels and NoMad brand
Hilton Worldwide Holdings Inc.
2024-Q1 EPS reported
$1.04
revenue$2,573,000,000
- GAAP diluted EPS $1.04, adjusted $1.53 (vs $0.77/$1.24); net income $268M, Adj EBITDA $750M.
- System-wide comparable RevPAR +2.0% YoY; management and franchise fees +14.4%.
- Development pipeline record 472,300 rooms (+10% YoY); net unit growth 5.6% in Q1; FY guide 6.0-6.5% ex-Graduate.
- Announced acquisition of Graduate Hotels (~35 franchised) and controlling interest in Sydell Group/NoMad (luxury lifestyle).
- Issued $1.0B senior notes; repurchased 3.4M shares for $662M; Q1 capital return $701M; FY capital return ~$3.0B.