HighGravityDataWyndham Hotels & Resorts — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001722684-25-000003
Showing in the filing
Net debt leverage ratio target range
“3 to 4 times”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 25
Quarterly cash dividend increase for Q1 FY2025
“$0.41 per share”
Net debt leverage ratio target range for the long term
“3 to 4 times”
Fee-related and other revenues for FY2025
“$1.49 - $1.51 billion”
Adjusted EBITDA for FY2025
“$745 - $755 million”
Adjusted net income for FY2025
“$369 - $379 million”
Adjusted diluted EPS for FY2025
“$4.66 - $4.78”
Free cash flow conversion rate for FY2025
“57% - 60%”
Year-over-year global RevPAR growth (reporte… for FY2025
“0.5% - 1.5%”
Marketing fund revenues vs. expenses for FY2025
“continues to expect marketing fund revenues to equal expenses”
Adjusted EBITDA (a) for FY2025
“745 – 755”
Depreciation and amortization expense (b) for FY2025
“39 – 41”
Development advance notes amortization expense for FY2025
“32 – 34”
Stock-based compensation expense for FY2025
“42 – 44”
Interest expense, net for FY2025
“134 – 136”
Adjusted income before income taxes for FY2025
“492 – 506”
Income tax expense (c) for FY2025
“123 – 127”
Diluted shares (d) for FY2025
“79.2”
Capital expenditures for FY2025
“$40 – 45”
Development advance notes for FY2025
“Approx. $110”
Global RevPAR (e) for FY2025
“2% – 3%”
Year-over-year global RevPAR growth (constan… for FY2025
“2% - 3%”
Number of rooms for FY2025
“3.6% – 4.6%”
Year-over-year rooms growth for FY2025
“3.6% - 4.6%”
Adjusted EBITDA generated in first quarter for Q1 FY2025
“roughly 20% of its adjusted EBITDA in the first quarter”
Effective tax rate assumption for FY2025
“approximately 25%”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company ended the quarter with a cash balance of $103 million and approximately $765 million in total liquidity. The Company’s net debt leverage ratio was 3.4 times at December 31, 2024, just below the midpoint of the Company’s 3 to 4 times stated target range and in line with expectations. 4 Share Repurchases and Dividends During the fourth quarter, the Company repurchased approximately 0.3 million shares of its common stock for $23 million. For the full-year 2024, the Company repurchased approximately 4.1 million shares of its common stock for $308 million. The Company paid common stock dividends of $30 million, or $0.38 per share, during the fourth quarter 2024 for a total of $122 million, or $1.52 per share, for the full-year 2024. For the full-year 2024, the Company returned $430 million to shareholders through share repurchases and quarterly cash dividends. The Company's Board of Directors authorized an 8% increase in the quarterly cash dividend to $0.41 per share, beginning with the dividend expected to be declared in first quarter 2025. Outlook The Company provided the following outlook for full-year 2025: 2025 Outlook Year-over-year rooms growth 3.6% - 4.6% Year-over-year global RevPAR growth (a) 2% - 3% Fee-related and other revenues $1.49 - $1.51 billion Adjusted EBITDA $745 - $755 million Adjusted net income $369 - $379 million Adjusted diluted EPS $4.66 - $4.78 Free cash flow conversion rate 57% - 60% (a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.