DRH Q1 2024 Earnings — DiamondRock Hospitality Company Revenue & Financial Results | Market Cap Arena

DRHDiamondRock Hospitality Company

$2B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$256M+5.3% YoY

Gross Profit

$133M52.0% margin

Operating Income

$22M8.8% margin

Net Income

$8M3.2% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.6B

Stockholders' Equity

$1.6B

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$256M	$244M	+5.3%
Gross Profit	$133M	$61M	+118.3%
Operating Income	$22M	$53M	-57.8%
Net Income	$8M	$9M	-9.0%

Revenue Segments

Occupancy

$164M64%

Food and Beverage

$68M27%

Hotel, Owned

$25M10%