Hilton Worldwide (HLT) Tops Q4 EPS by 5c

Hilton Worldwide (NYSE: HLT) reported Q4 EPS of $0.70, $0.05 better than the analyst estimate of $0.65. Revenue for the quarter came in at $2.92 billion versus the consensus estimate of $2.91 billion.

• Diluted loss per share was $1.17 for the fourth quarter, largely driven by $513 million of non-cash corporate restructuring charges incurred prior to the spin-offs, and diluted EPS was $1.05 for the full year
• Diluted EPS, adjusted for special items, was $0.70 for the fourth quarter and $2.68 for the full year; diluted EPS, adjusted for special items, before giving effect to the Reverse Stock Split was $0.23 for the fourth quarter and $0.89 for the full year
• Net loss for the fourth quarter was $382 million, and net income for the full year was $364 million
• Adjusted EBITDA was $751 million for the fourth quarter and $2,975 million for the full year; pro forma Adjusted EBITDA was $1,763 million for the full year
• Achieved high end of guidance on system-wide comparable RevPAR with increases of 0.9 percent and 1.8 percent for the fourth quarter and full year 2016, respectively, on a currency neutral basis from the same periods in 2015
• Approved 29,000 new rooms for development during the fourth quarter, bringing total approvals to a record 106,000 rooms for the full year
• Grew development pipeline 16 percent from 2015 to 1,968 hotels, consisting of 310,000 rooms, 50 percent of which are under construction
• Net unit growth was 45,000 rooms in 2016, representing a 6.6 percent growth in managed and franchised rooms
• Added 354 hotels to its system in 2016, opening nearly one hotel per day in the year
• Launched its newest brand, Tapestry Collection by Hilton, in January 2017
• Full year 2017 RevPAR projected to increase between 1.0 percent and 3.0 percent, net income from continuing operations projected to be between $555 million and $592 million and Adjusted EBITDA projected to be between $1,835 million and $1,885 million

For earnings history and earnings-related data on Hilton Worldwide (HLT) click here.

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