Wyndham Hotels Q1 adjusted EPS $0.78; raises FY2024 EPS outlook; pipeline record 243k rooms

WYNDHAM HOTELS & RESORTS, INC.

2024-Q1 EPS reported $0.19 revenue$305,000,000

Q1 global RevPAR +1% constant currency; US RevPAR -5%, International +14%.
Adjusted EBITDA $141M vs $147M YoY; adjusted diluted EPS $0.78 vs $0.86; includes $0.09 marketing fund headwind.
Board increased share repurchase authorization by $400M; Q1 buybacks $57M and dividends $0.38/share.
Development pipeline +8% YoY to record 243k rooms; system rooms +4% YoY; opened 13k rooms (+27%).
FY2024 adjusted diluted EPS guidance raised to $4.18-$4.30 from $4.11-$4.23; other metrics unchanged.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WYNDHAM HOTELS & RESORTS, INC. reported three months ended March 31, 2024 results: revenue Fee-related and other revenues were $304 million, net income $16 million, EPS diluted earnings per share was $0.19; adjusted diluted EPS was $0.78. Guidance raised.

Period: three months ended March 31, 2024
Revenue: Fee-related and other revenues were $304 million
Net income: $16 million
EPS: diluted earnings per share was $0.19; adjusted diluted EPS was $0.78
Guidance: raised
Result: reported results

Exact text from the filing

up 2%. The largest contributors to first quarter growth were our Latin America and EMEA regions. 2 First Quarter Operating Results • Fee-related and other revenues were $304 million compared to $308 million in first quarter 2023, reflecting a decline of $5 million in royalty and franchise fees, partially offset by an 8% increase in ancillary revenue streams.

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Source: SEC EDGAR

accession 0001722684-24-000008

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