HGV
Hilton Grand Vacations Inc.44.75
+1.12+2.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Portfolio streamlining plans emerge
Q&A surfaced plans to optimize the portfolio by streamlining non-core assets picked up in acquisitions, using organic and inorganic means to cut excess inventory weighing on rentals—echoing peer moves but sparing legacy HGV stock. Management unpacked Q1 cadence with high single-digit tour growth offset by VPG declines, sequential EBITDA ramps as license fees and financing tweaks ease. Q4's provision pop stemmed from upgrade accounting on Bluegreen loans, not credit woes; mid-teens rates eyed for 2026. NOG slipped on mature acquired owners exiting, offset by fresh Max buyer influx. Buybacks hold at $150M quarterly without leverage creep. Watch streamlining details.
Key Stats
Market Cap
3.94BP/E (TTM)
81.36Basic EPS (TTM)
0.55Dividend Yield
0%Recent Filings
10-K
FY2025 results
Hilton Grand Vacations posted FY2025 contract sales of $3.3B, up 10% y/y, driven by 7.8% VPG growth to $3,851 and 2.6% tour flow rise, yet real estate margins slipped to 21% amid $368M net construction deferrals. Q4 repurchases hit $428M remaining capacity after $600M buybacks, bolstering capital returns while debt stood at $7.3B. Hilton license fees climbed to $214M. License breach risks loom large.
8-K
Q4 sales up 1.8%
Hilton Grand Vacations posted Q4 contract sales of $852 million, up 1.8% year-over-year, with total revenues at $1.333 billion despite a $61 million construction deferral. Adjusted EBITDA hit $292 million, boosted by real estate margins expanding to 26.9% while tours rose 8.7%. Share repurchases totaled $150 million. 2026 Adjusted EBITDA guidance (ex-deferrals) spans $1.185-$1.225 billion.
10-Q
Q3 FY2025 results
Hilton Grand Vacations Inc. reported Q3 2025 results with total revenues of $1,300 million, up 18.2% year-over-year, driven by strong growth in fee-for-service commissions and resort management. Net income attributable to stockholders was $25 million, down from $29 million last year, with diluted EPS at $0.28 versus $0.28 prior. The company highlighted robust contract sales of $907 million, up 16.7%, and VPG growth of 14.7%. Adjusted EBITDA rose 19.1% to $245 million, reflecting operational efficiencies. HGV maintained liquidity with $215 million in cash equivalents and $328 million in restricted cash, while repurchasing $450 million in shares. No major impairments or regulatory issues were noted, and the firm remains committed to its growth strategy amid favorable market conditions.
8-K
Q3 sales up 16.7%, EBITDA down
Hilton Grand Vacations reported Q3 2025 results with contract sales surging 16.7% to $907 million, fueled by 1.9% more tours and 14.7% higher VPG, yet revenues dipped slightly to $1.300 billion due to a $99 million net deferral on under-construction projects. Adjusted EBITDA attributable to stockholders fell to $245 million from $303 million, hit by the deferral versus last year's recognition. The company repurchased $150 million in shares and reiterated full-year Adjusted EBITDA guidance of $1.125-$1.165 billion, excluding deferrals. Deferrals mask underlying sales momentum.
8-K
HGV share sale and repurchase
Hilton Grand Vacations affiliates of Apollo Global Management are selling 8,050,000 shares of common stock through underwriters led by Wells Fargo, closing August 14, 2025. The company will repurchase 933,488 shares from the underwriters at no underwriting fee, trimming outstanding shares under its board-approved plan. No proceeds flow to Hilton from the sale. This tightens ownership structure amid market dynamics.
IPO
Employees
Sector
Industry
CZR
Caesars Entertainment, Inc.
23.90-0.11
H
Hyatt Hotels Corporation
162.69-3.71
HLT
Hilton Worldwide Holdings Inc.
285.83-0.02
IHG
Intercontinental Hotels Group
140.41-0.06
LVS
Las Vegas Sands Corp.
67.32+0.33
MGM
MGM Resorts International
36.84-0.54
MTN
Vail Resorts, Inc.
158.14-1.85
TNL
Travel Leisure Co.
70.78+0.00
VAC
Marriott Vacations Worldwide Co
56.91-0.96
WYNN
Wynn Resorts, Limited
126.04-0.21