Welcome to our dedicated page for Hilton Grand Vac news (Ticker: HGV), a resource for investors and traders seeking the latest updates and insights on Hilton Grand Vac stock.
Hilton Grand Vacations Inc. (NYSE: HGV) generates a steady flow of news through its activities as a global timeshare and vacation ownership company headquartered in Orlando, Florida. As the exclusive vacation ownership partner of Hilton, the company regularly issues updates on financial performance, capital markets activity, experiential events and strategic developments that are relevant to investors and followers of the hospitality and vacation ownership sector.
News about Hilton Grand Vacations often includes quarterly earnings releases, where the company reports contract sales, segment revenues, Adjusted EBITDA, construction-related revenue deferrals and recognitions, and details on its Real Estate Sales and Financing and Resort Operations and Club Management segments. These releases are typically furnished to the SEC on Form 8-K and provide insight into trends in VOI sales, financing revenue and resort operations.
Another key news category involves financing and securitization transactions. Hilton Grand Vacations frequently announces term note securitizations of timeshare loans through trusts such as Hilton Grand Vacations Trust and Hilton Grand Vacations Japan Trust. These updates describe the size and structure of the securitizations, coupon rates on various classes of notes, and the intended use of proceeds, such as paying down debt and supporting general corporate purposes.
The company also issues news about experiential and sponsorship initiatives tied to its HGV Ultimate Access platform. Examples include announcements related to the Hilton Grand Vacations Tournament of Champions, an LPGA Tour season opener that combines professional golf with celebrity participants and a private concert series, and the HGV Clubhouse at the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX, a trackside hospitality experience with live entertainment. These stories highlight how Hilton Grand Vacations integrates travel, sports and live entertainment into its member offerings.
Additional news items may cover share repurchase authorizations and activity, secondary offerings by existing stockholders, and the filing of financial information related to acquisitions such as Bluegreen Vacations Holding Corporation. For investors and observers, following HGV news provides visibility into the company’s operating performance, capital structure decisions and evolving portfolio of vacation ownership and experiential offerings.
Hilton Grand Vacations Inc. (NYSE:HGV) reported its first quarter 2022 results, revealing total revenues of $779 million, significantly up from $235 million in Q1 2021. The company achieved a net income of $51 million, rebounding from a net loss of $7 million in the previous year. Diluted EPS rose to $0.42 compared to ($0.08) in Q1 2021. Notably, the board approved a $500 million share repurchase program and increased the Deferral Adjusted EBITDA outlook to $960-$990 million. The company aims for $150 million in cost synergies from the Diamond acquisition, exceeding previous estimates.
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Hilton Grand Vacations (NYSE:HGV) announced the completion of a $750 million revolving warehouse facility, enhancing its capital structure. This facility supports both right-to-use and deeded inventory with a new advance rate of 90%. The facility, managed by Bank of America, features ESG performance indicators affecting its fees. It aims to create synergies with existing non-recourse capital markets. The revolving period ends in May 2024, with final maturity in May 2025. Hilton Grand Vacations emphasizes its commitment to sustainability in this financial arrangement.
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Hilton Grand Vacations (NYSE:HGV) will release its Q1 2022 financial results on May 9, 2022, before market opening. A teleconference is scheduled for 11 a.m. ET the same day. Participants can join via the Investor Relations website or dial 1-877-407-0784 in the U.S. For international access, call +1-201-689-8560. Replay will be available after the call until May 16, 2022, with an ID# for access. The company is a leading global timeshare firm headquartered in Orlando, Florida, offering high-quality vacation ownership resorts.
Hilton Grand Vacations (NYSE:HGV) has successfully completed a $246 million securitization of legacy Diamond vacation ownership loans via Hilton Grand Vacations Trust 2022-1D. The issuance includes Class A Notes at 3.61% interest and others ranging from 4.10% to 6.79%, with an overall weighted average interest rate of 4.30%. The offering experienced robust demand, peaking at $2.2 billion, leading to an impressive 8.8x over-subscription.
Net proceeds will be allocated to debt reduction and general corporate purposes.
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Hilton Grand Vacations (NYSE:HGV) announces a dollar-for-dollar matching program for donations to the American Red Cross on March 15, up to
Hilton Grand Vacations (NYSE:HGV) reported strong fourth-quarter 2021 results, with total revenues reaching $838 million, a significant increase from $212 million in Q4 2020.
Net income for the quarter was $75 million, recovering from a net loss of $154 million in the previous year. Diluted EPS also improved to $0.62 from ($1.81).
Contract sales totaled $521 million, representing 85% of the pre-pandemic Q4 2019 levels. The company has revised its net leverage target to 2.0x-3.0x, reflecting enhanced cash flow confidence following the acquisition of Diamond Resorts.
Hilton Grand Vacations (NYSE:HGV) will release its financial results for Q4 and the full year of 2021 on March 1, 2022, before market opening. A teleconference will follow at 11 a.m. ET, accessible via phone or live webcast. Participants can dial 1-877-407-0784 for U.S. callers or +1-201-689-8560 internationally, 15 minutes prior to the call. A replay will be available post-event through March 8, 2022. Hilton Grand Vacations is a top timeshare company based in Orlando, Florida, serving 710,000 owners worldwide.