earnings
confidence high
sentiment positive
materiality 0.75
Wyndham Q4 adjusted EPS $0.91 vs $0.72 YoY; record room openings, dividend raised 9%
WYNDHAM HOTELS & RESORTS, INC.
2023-FY EPS reported
$3.41
revenue$1,397,000,000
- Q4 diluted EPS $0.60, net income $50M; adjusted diluted EPS $0.91, adjusted net income $75M, adjusted EBITDA $154M (+22% YoY).
- Full-year 2023 diluted EPS $3.41, net income $289M; adjusted diluted EPS $4.01, adjusted EBITDA $659M (+6% comparable).
- System-wide rooms grew 3.5% YoY to record 871,800; retention rate 95.6%; development pipeline 240,000 rooms (+10%).
- Returned $515M to shareholders: $397M share repurchases, $118M dividends; quarterly dividend raised 9% to $0.38/share.
- FY2024 outlook: rooms growth 3-4%, RevPAR growth 2-3%, adjusted EBITDA $690-700M, adjusted EPS $4.11-$4.23.