Wyndham Hotels & Resorts, Inc. (WH) Tops Q1 EPS by 3c, Reaffirms Outlook
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Wyndham Hotels & Resorts Reports First Quarter 2019 Results
April 30, 2019 6:30 AM EDTPARSIPPANY, N.J., April 30, 2019 /PRNewswire/ --Â Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended March 31, 2019. Highlights include:
Revenues increased 55% compared with first quarter 2018, to $468 million. Net income was $21 million for the first quarter; adjusted net income was $51 million. Diluted earnings per share were $0.22 and adjusted diluted EPS were $0.52. Adjusted EBITDA increased 21% compared with the prior-year quarter, to $111 million. Global RevPAR increased 7% year-over-year, and 1% in constant currency and excluding our 2018 acquisitions and divestitures. U.S. RevPAR increased 13% year-over-year, and 1%... More