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Stock impact report

Hilton Grand Vacations Reports First Quarter 2020 Results

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
Reduced Fixed Costs and Strengthened Balance Sheet in Response to COVID-19 ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today reports its first quarter 2020 results.“The COVID-19 pandemic has had unprecedented impacts on our business, and we continue to take decisive action to navigate the current environment and mitigate the challenges it presents,” said Mark Wang, president and CEO of Hilton Grand Vacations. “We have a strong balance sheet, and we have made critical decisions to defend our cash flow and enhance our financial flexibility, including adjustments to our cost structure and spending plans. I remain confident in the resilience of our business model and look forward to welcoming back our owners and guests as the pandemic subsides.”KEY HIGHLIGHTSFirst Quarter 2020 Results1Total revenues for the first quarter were $351 million compared to $450 million for the same period in 2019.Total revenues were affected by a deferral o Show less Read more
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