Wyndham Hotels & Resorts — Jul 23, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001722684-25-000026
Showing in the filing
Effective tax rate assumption
“approximately 25%”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Net debt leverage ratio target range
“3 to 4 times”
Fee-related and other revenues for FY2025
“$1.45 - $1.49 billion”
Adjusted EBITDA for FY2025
“$730 - $745 million”
Adjusted net income for FY2025
“$358 - $372 million”
Adjusted diluted EPS for FY2025
“$4.60 - $4.78”
Adjusted free cash flow conversion rate for FY2025
“~57%”
Marketing fund revenues vs. expenses for FY2025
“marketing fund revenues to approximate expenses”
Depreciation and amortization expense (a) for FY2025
“37 – 39”
Development advance notes amortization expense for FY2025
“32 – 34”
Stock-based compensation expense for FY2025
“42 – 44”
Interest expense, net for FY2025
“136 – 138”
Adjusted income before income taxes for FY2025
“477 – 496”
Income tax expense (b) for FY2025
“119 – 125”
Diluted shares (c) for FY2025
“77.8”
Capital expenditures for FY2025
“$40 – 45”
Development advance notes for FY2025
“Approx. $110”
Year-over-year global RevPAR growth for FY2025
“(2%) - 1%”
Number of rooms growth for FY2025
“4.0% – 4.6%”
Year-over-year rooms growth for FY2025
“4.0% - 4.6%”
Effective tax rate assumption for FY2025
“approximately 25%”
Exhibit 99.1 · the passage around this item
… earlier in the release
$110 Adjusted free cash flow conversion rate ~57% Year-over-Year Growth Global RevPAR (d) (2%) – 1% Number of rooms 4.0% – 4.6% (a) Excludes amortization of acquisition-related intangible assets of approximately $27 million. (b) Outlook assumes an effective tax rate of approximately 25%. (c) Excludes the impact of any share repurchases after June 30, 2025. (d) Represents constant currency basis; on a reported basis, which includes foreign currency impacts, would be (2%) - 1%. To assist with modeling, each 1% change in RevPAR equates to an approximate $10 million impact to fee-related and other revenues and $4 million to adjusted EBITDA. If a significant pullback in demand were to materialize beyond the Company's current assumptions, actual results could fall below these estimates. In determining adjusted EBITDA, interest expense, net, adjusted income before income taxes, adjusted net income, adjusted diluted EPS and adjusted free cash flow conversion rate, we exclude certain items which are otherwise included in determining the comparable GAAP financial measures. We are providing these measures on a non-GAAP basis only because, without unreasonable efforts, we are unable to predict with reasonable certainty the occurrence or amount of all the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, w
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.