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Stock impact report

Hilton Grand Vacations Provides Investor Update, Announces Share Repurchase Authorization

Hilton Grand Vacations Inc. (HGV) 
Last hilton grand vacations inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.hgv.com
Company Research Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today announced that the Company has withdrawn its previous full-year 2020 guidance and authorized a new $200 million share repurchase program.Update on Full-Year 2020 GuidanceHGV disclosed in its Q4 2019 earnings announcement that its 2020 Adjusted EBITDA and Contract Sales Growth guidance did not include the impact of the COVID-19 outbreak. Given increased uncertainty around the impact of the coronavirus on the Company’s financial results, the Company is withdrawing its full-year 2020 guidance.“As a result of continued uncertainty surrounding the coronavirus, including recent government actions and travel restrictions, we are withdrawing our full-year 2020 guidance,” said Mark Wang, president and CEO of Hilton Grand Vacations. “The health and safety of our owners, guests and team members remains our highest priority. While the situation continues to evolve, we continue to believe in Show less Read more
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