Hyatt Hotels (H) Tops Q4 EPS by 32c

Hyatt Hotels (NYSE: H) reported Q4 EPS of $0.62, $0.32 better than the analyst estimate of $0.30.

• Net income decreased 79.2% to $44 million.
• Adjusted EBITDA increased 5.0% to $182 million, up 6.8% in constant currency.
• Comparable system-wide RevPAR increased 1.5%, including an increase of 3.0% at comparable owned and leased hotels.
• Comparable U.S. hotel RevPAR increased 0.9%; full service and select service hotel RevPAR increased 2.6% and decreased 3.0%, respectively.
• Comparable owned and leased hotels operating margin increased 240 basis points to 25.1%.
• Adjusted EBITDA margin increased 280 basis points to 28.7% in constant currency.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "We had a very strong 2018 driven by another year of double-digit growth in management and franchising fees, nearly offsetting the earnings decline in our owned & leased segment, resulting from over $1.0 billion of asset sales. We successfully closed the acquisition of Two Roads Hospitality LLC, adding five new compelling brands into the Hyatt portfolio and significant future growth opportunities."

For earnings history and earnings-related data on Hyatt Hotels (H) click here.

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