MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2019 results. Highlights include:
- Diluted EPS was $0.54 for the first quarter, a 6 percent increase from the same period in 2018, and diluted EPS, adjusted for special items, was $0.80, a 16 percent increase from the same period in 2018
- Net income for the first quarter was $159 million, a 2 percent decrease from the same period in 2018
- Adjusted EBITDA for the first quarter was $499 million, an increase of 12 percent from the same period in 2018 and exceeding the high end of guidance
- System-wide comparable RevPAR increased 1.8 percent on a currency neutral basis for the first quarter from the same period in 2018
- Approved 29,300 new rooms for development during the first quarter, growing Hilton's development pipeline to over 371,000 rooms as of March 31, 2019
- Opened 12,100 rooms in the first quarter, contributing to 10,000 net additional rooms, on track to deliver approximately 6.5 percent net unit growth for the full year
- Launched a new meetings-and-events-focused brand, Signia Hilton
- In February 2019, Hilton's board of directors authorized an additional $1.5 billion for share repurchases under its stock repurchase program
- Repurchased 3.9 million shares of Hilton common stock during the first quarter, bringing total capital return, including dividends, to approximately $340 million for the quarter
- Full year 2019 system-wide RevPAR is expected to increase between 1.0 percent and 3.0 percent on a comparable and currency neutral basis compared to 2018; full year net income is projected to be between $881 million and $910 million; full year Adjusted EBITDA is projected to be between $2,265 million and $2,305 million
- Full year 2019 capital return is projected to be between $1.3 billion and $1.8 billion
Tags:Hilton Worldwide
