Hilton Grand Vacations Stock Climbs On Q1 Earnings, Company Takes Steps To Maintain 'Good Momentum' In Face Of 'Increased Uncertainty'

Hilton Grand Vacations Inc HGV reported first-quarter financial results ahead of the market open on Thursday. Here’s what you need to know from the print.

Q1 Earnings: Hilton Grand Vacations reported first-quarter revenue of $1.15 billion, missing the consensus estimate of $1.23 billion, according to Benzinga Pro. Total revenue was down from $1.16 billion in the prior year’s quarter, impacted by a net deferral of $126 million in the period. Contract sales came in at $721 million, up 14% on a year-over-year basis.

The company reported first-quarter adjusted earnings of 9 cents per share, missing analyst estimates of 50 cents per share.

Hilton Grand Vacations generated $185 million of adjusted free cash flow during the period and ended the quarter with $259 million in cash and cash equivalents.

“We carried good momentum into April – with continued traction from our launch of HGV Max to our Bluegreen members along with sales of our new Ka Haku project – and our leading demand indicators remain steady,” said Mark Wang, CEO of Hilton Grand Vacations.

“We’ve also taken proactive steps to maintain that momentum in the face of increased uncertainty due to the recent macroeconomic and market volatility, with additional initiatives aimed at further improving our efficiency, strengthening our value proposition, and improving our member engagement.”

Hilton Grand Vacations said the current estimated value of the company’s total contract sales pipeline is $13.2 billion. The company reiterated guidance for full-year 2025 adjusted EBITDA of $1.125 billion to $1.165 billion.

HGV Price Action: Hilton Grand Vacations shares were up 8.24% at $36.40 at the time of publication Thursday, according to Benzinga Pro.

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