Wyndham Hotels Q3 net income $103M, beats; raises dividend 33% to $0.32/share

WYNDHAM HOTELS & RESORTS, INC.

2021-Q3 EPS reported $2.08 revenue$1,173,000,000

Diluted EPS $1.09 ($1.16 adj) vs $0.29 ($0.36 adj) in Q3 2020; net income $103M vs $27M.
U.S. RevPAR exceeded 2019 by 7%; global RevPAR at 97% of 2019 level.
Board authorizes 33% dividend increase to $0.32/share beginning in Q4 2021.
Full-year 2021 adjusted EBITDA outlook raised to $560-570M from $525-535M.
Free cash flow $141M in Q3; global system grew 60 bps sequentially.

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