Marriott Q1 adjusted EPS $2.13 beats $2.09 YoY; raises FY 2024 guidance

MARRIOTT INTERNATIONAL INC /MD/

2024-Q1 EPS reported $1.93 revenue$5,977,000,000

Q1 adjusted diluted EPS $2.13 vs $2.09 YoY; reported diluted EPS $1.93 vs $2.43.
Worldwide RevPAR +4.2% (US & Canada +1.5%, international +11.1%).
Added ~46,000 net rooms in Q1, including ~37,000 from MGM Resorts agreement.
FY 2024 adjusted EBITDA guidance raised to $4.96B-$5.09B; adjusted EPS $9.31-$9.65.
Repurchased 4.8M shares for $1.2B in Q1; YTD returned $1.7B to shareholders.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT INTERNATIONAL INC /MD/ reported first quarter 2024 results: net income $564 million, EPS $1.93. Guidance raised.

Period: first quarter 2024
Net income: $564 million
EPS: $1.93
Guidance: raised
Result: reported results

Exact text from the filing

Reported net income totaled $564 million in the 2024 first quarter, compared to 2023 first quarter reported net income of $757 million. Reported diluted earnings per share (EPS) totaled $1.93 in the quarter, compared to reported diluted EPS of $2.43 in the year-ago quarter.

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Source: SEC EDGAR

accession 0001628280-24-019458

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