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Press Release

Hilton Grand Vacations Reports Record Second Quarter 2022 Results

Lauren George

ORLANDO, Fla. (Aug. 9, 2022) – Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its second quarter 2022 results.

Second Quarter 2022 Results1

  • Total contract sales in the second quarter were $617 million, 105% of pro-forma combined Q2 2019 contract sales.
  • Member count increased for the eighth straight quarter. Net Owner Growth (NOG) for the Legacy-HGV business for the 12 months ended June 30, 2022, was 3.2%, and Diamond added over 1,400 net new members in the quarter.
  • Total revenues for the second quarter were $948 million compared to $334 million for the same period in 2021.
  • Total revenues were affected by a net deferral of $10 million in the current period compared to a deferral of $42 million in the same period in 2021.
  • Net income for the second quarter was $73 million compared to $9 million net income for the same period in 2021.
  • Net income was affected by a net deferral of $4 million in the current period compared to a net deferral of $22 million in the same period in 2021.
  • Net income includes a charge of $16 million related to litigation settlements incurred in the second quarter, which has been excluded from Adjusted EBITDA.
  • Diluted EPS for the second quarter was $0.60 compared to $0.10 for the same period in 2021.
  • Diluted EPS was affected by a net deferral of $4 million in the current period compared to a net deferral of $22 million in the same period in 2021, or $(0.03) and $(0.25) per share in the current period and the same period in 2021, respectively.
  • Adjusted EBITDA for the second quarter was $273 million compared to $70 million for the same period in 2021.
  • Adjusted EBITDA was affected by a net deferral of $4 million in the current period compared to a net deferral of $22 million in the same period in 2021.

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Hilton Grand Vacations

Lauren George

Senior Director, Corporate Communications
Hilton Grand Vacations
P: 1-407-613-8431 
E: lauren.george@hgv.com

 

 

Mark Melnyk

Senior Vice President, Investor Relations
Hilton Grand Vacations
P: 1-407-613-3327 
E: mark.melnyk@hgv.com