Financial Data and Key Metrics Changes - Reported contract sales were $777 million, and adjusted EBITDA was $276 million, with margins of 22%, in line with expectations [12][30] - Total revenue, excluding cost reimbursements, was $1.13 billion, with adjusted EBITDA margins of 25% [30] - Adjusted EBITDA included $18 million of Bluegreen cost synergies recognized during the quarter, on target with a plan for $100 million of cost synergies within 24 months [30] Business Line Data and Key Metrics Changes - Contract sales in the Real Estate segment were $777 million, with Bluegreen contributing $195 million [31] - Tours for the quarter were nearly 228,000, down approximately 2% from last year's pro forma level [31] - VPG for the quarter was $3,392, demonstrating a 9% increase over 2019 levels [33] Market Data and Key Metrics Changes - Occupancy in the quarter was up about 2 points to 83%, reflecting gains in some mainland markets [15] - Consolidated arrivals for the fourth quarter are ahead of last year, with strong rental demand [15] - The company ended the quarter with 722,000 members and NOG of 1.2% [16] Company Strategy and Development Direction - The company is focused on executing cost synergies from the Bluegreen acquisition and has made organizational changes to improve sales and marketing execution [8][10] - The introduction of HGV Max to Bluegreen members is anticipated to attract new buyers and motivate existing owners to upgrade [10][24] - The company is also progressing with rebranding efforts, aiming to have 80% of Diamond's targeted keys rebranded by year-end [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about operational improvements despite near-term challenges from hurricanes and staffing levels [11][27] - The macro environment presents headwinds for some consumers, but the company is confident in its strategy and execution [11][27] - Management expects a larger impact from hurricanes in the fourth quarter, adjusting guidance to the lower end of the range [44] Other Important Information - The company repurchased 2.8 million shares for $108 million during the quarter, with a commitment to return excess cash to shareholders [43] - The company has a liquidity position of $297 million in unrestricted cash and $308 million available under its revolving credit facility [45] Q&A Session Summary Question: Is the BVH sales integration fully resolved? - Management indicated that the integration is progressing well, with cost savings on track and a new management structure in place [49][51] Question: Is the guidance adjustment solely due to hurricane impacts? - The majority of the adjustment is due to hurricanes, with additional impacts from a hotel workers' strike in Hawaii and delays in launching HGV Max [53] Question: How are local market trends performing? - Local marketing saw a drop-off due to staffing issues, but improvements are expected as staffing levels are being addressed [55][56] Question: How are the largest markets performing? - Las Vegas continues to perform well, while Orlando has seen softening in arrivals and rental rates. Hawaii is recovering but faced challenges from a recent strike [69][71] Question: What is the outlook for new buyers post-election? - Management noted that consumer spending on travel remains strong, with a focus on higher net worth customers to improve VPG [75][76] Question: What is the status of the sales force? - Leadership is in place, and staffing levels are improving, with expectations to be fully staffed by the end of the year [80][84]

Acquisition and Market Presence - The acquisition of Bluegreen Vacations Holding Corporation was completed on January 17, 2024, enhancing the company's portfolio and market presence[141]. - The company completed the acquisition of Bluegreen Vacations Holding Corporation for approximately $1.6 billion on January 17, 2024[183]. Property and Membership - As of September 30, 2024, the company operates approximately 200 properties across the U.S., Europe, the Caribbean, Mexico, Canada, and Asia, with a significant concentration in Florida, Europe, Hawaii, California, South Carolina, Arizona, Virginia, and Nevada[141]. - The company has approximately 722,000 members across its Club offerings, providing access to over 8,000 properties within the Hilton system and various experiential vacation options[141]. Financial Performance - Total revenues for the nine months ended September 30, 2024, were $3,697 million, a 24.9% increase from $2,959 million in the same period of 2023[156]. - Real estate sales and financing revenues for Q3 2024 reached $814 million, a 33.0% increase from $612 million in Q3 2023[156]. - Total segment revenues for Q3 2024 were $1,197 million, up 28.2% from $934 million in Q3 2023[156]. - Net income attributable to stockholders for the three months ended September 30, 2024, was $29 million, a decrease of 68.5% compared to $92 million for the same period in 2023[158]. - The company reported a net income of $32 million for the three months ended September 30, 2024, down 65.2% from $92 million in the same period of 2023[158]. Sales and Marketing Metrics - Contract sales increased to $777 million for the three months ended September 30, 2024, up 28.9% from $603 million in the same period of 2023[170]. - Tour flow increased to 227,790, up from 163,699 in the same period last year, reflecting a significant growth in customer engagement[170]. - Sales revenue for the three months ended September 30, 2024, reached $633 million, a 33.5% increase from $474 million in 2023[171]. Financing and Profitability - Financing propensity for the nine months ended September 30, 2024, was 69%, up from 62% in the same period of 2023[144]. - Financing profit margin is calculated as a percentage of financing profit to financing revenue, indicating the profitability of the financing business[153]. - Financing revenue increased by $30 million to $105 million for the three months ended September 30, 2024, representing a 40.0% growth from $75 million in 2023[173]. - Interest expense for the three months ended September 30, 2024, was $84 million, an increase of 86.7% from $45 million in the same period of 2023[158]. Operational Metrics - Real estate profit margin is considered an important non-GAAP operating measure, reflecting the efficiency of sales and marketing spending[153]. - The management agreements with HOAs provide for a cost-plus management fee, typically earning 10% to 15% of the costs to operate the applicable resort, ensuring predictable revenue streams[147]. - Adjusted EBITDA attributable to stockholders is a key measure used by management to evaluate operating performance, although it is not recognized under U.S. GAAP[150]. Expenses and Costs - Sales and marketing expense increased by 39.8% to $467 million in Q3 2024 from $334 million in Q3 2023[166]. - General and administrative expenses rose by 10.0% to $44 million in Q3 2024 from $40 million in Q3 2023[163]. - Depreciation and amortization expenses for the three months ended September 30, 2024, were $68 million, an increase of 28.3% from $53 million in the same period of 2023[158]. Cash Flow and Investments - Net cash used in investing activities was $1,514 million for the nine months ended September 30, 2024, compared to $47 million for the same period in 2023[189]. - Net cash provided by financing activities was $971 million for the nine months ended September 30, 2024, compared to net cash used of $270 million for the same period in 2023[190]. - The company had $308 million remaining borrowing capacity under the revolver facility as of September 30, 2024[184]. Other Financial Metrics - Adjusted EBITDA for the three months ended September 30, 2024, increased by 14.1% to $307 million from $269 million in the same period of 2023[161]. - Total Adjusted EBITDA attributable to stockholders for the nine months ended September 30, 2024, was $838 million, up 14.0% from $735 million in the same period of 2023[161]. - Real estate profit increased by 4.4% to $167 million in Q3 2024 compared to $160 million in Q3 2023[163].

For the quarter ended September 2024, Hilton Grand Vacations (HGV) reported revenue of $1.31 billion, up 28.3% over the same period last year. EPS came in at $0.67, compared to $0.98 in the year-ago quarter.The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.70, the EPS surprise was -4.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Core Viewpoint - Hilton Grand Vacations (HGV) reported quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.70 per share, and down from $0.98 per share a year ago, indicating a negative earnings surprise of -4.29% [1] Financial Performance - The company posted revenues of $1.31 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.48%, compared to $1.02 billion in the same quarter last year [2] - Over the last four quarters, Hilton Grand Vacations has exceeded consensus revenue estimates two times [2] Stock Performance - Hilton Grand Vacations shares have not appreciated since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.88 on revenues of $1.32 billion, and for the current fiscal year, it is $3.55 on revenues of $5 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Hotels and Motels industry, to which Hilton Grand Vacations belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, suggesting potential challenges ahead [8] - H World Group, another company in the same industry, is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year increase of +23.2% [9]

Exhibit 99.1 Investor Contact: Mark Melnyk 407-613-3327 mark.melnyk@hgv.com Media Contact: Lauren George 407-613-8431 lauren.george@hgv.com FOR IMMEDIATE RELEASE Hilton Grand Vacations Reports Third Quarter 2024 Results 1 ORLANDO, Fla. (Nov. 7, 2024) – Hilton Grand Vacations Inc. (NYSE: HGV) ("HGV" or "the Company") today reports its third quarter 2024 results. Third quarter of 2024 highlights • Total contract sales were $777 million. • Member count was 722,000. Net Owner Growth (NOG) for the legacy HGV-DRI ...

The upcoming report from Hilton Grand Vacations (HGV) is expected to reveal quarterly earnings of $0.70 per share, indicating a decline of 28.6% compared to the year-ago period. Analysts forecast revenues of $1.29 billion, representing an increase of 26.4% year over year.The current level reflects an upward revision of 5.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over th ...

Hilton Grand Vacations (HGV) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

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ImageegamI Shares of Hilton Grand Vacations (NYSE:HGV) have been a poor performer over the past year, losing 22% of their value during a rally in the stock market. Investors felt olancer of there ville HGV down nearly 8% after reporting a weak (2. I last covered HGV in Norember, rather walle came shall," gines docements: Incolto. futher pan on Thurs view that magnitude of underperformance consistent with my sell rating. With new financials and shares underperforming, now is a good time to revisit HGV. 1D 5D ...

Hilton Grand Vacations, Inc. (NYSE:HGV) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Mark Melnyk - SVP, Investor Relations Mark Wang - CEO & Director Daniel Mathewes - President & CFO Conference Call Participants David Katz - Jefferies Patrick Scholes - Truist Brandt Montour - Barclays Ben Chaiken - Credit Suisse Chris Woronka - Deutsche Bank Operator Good morning, and welcome to the Hilton Grand Vacations Second Quarter 2024 Earnings Conference Call. [Operator Instructio ...