Hilton Grand Vacations Reports First Quarter 2026 Results

Hilton Grand Vacations Inc. reported its first quarter 2026 results, with total contract sales of $719 million and total revenues of $1.285 billion. Net income attributable to stockholders was $66 million, or $0.79 per diluted share, while adjusted net income was $83 million, or $0.99 per diluted share. Adjusted EBITDA attributable to stockholders was $249 million. The company repurchased 3.3 million shares of common stock for $150 million in the first quarter and raised its full-year 2026 Adjusted EBITDA guidance to $1.225 billion - $1.265 billion. First quarter revenues increased to $1.285 billion from $1.148 billion in the prior year. Net income and Adjusted EBITDA for the quarter included a net construction deferral of $18 million. The Real Estate Sales and Financing segment saw revenues increase by $109 million to $754 million, with Adjusted EBITDA at $211 million. The Resort Operations and Club Management segment revenues increased by $11 million to $402 million, with Adjusted EBITDA at $128 million. The company ended the quarter with $261 million in cash and cash equivalents and $4.8 billion in net corporate debt. Subsequent events include a $500 million securitization of timeshare loans and an agreement to dispose of certain properties. The company also acquired the remaining 75% ownership interest in BRE Ace LLC.