DRH Q2 2023 Earnings — DiamondRock Hospitality Company Revenue & Financial Results | Market Cap Arena

DRHDiamondRock Hospitality Company

$2B

Q2 2023 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$291M+3.5% YoY

Gross Profit

$92M31.4% margin

Operating Income

$83M28.6% margin

Net Income

$39M13.4% margin

EPS (Diluted)

$0.17

QoQ Revenue Growth

+19.6%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$30M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.6B

Stockholders' Equity

$1.6B

Cash & Equivalents

$99M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$291M	$281M	+3.5%
Gross Profit	$92M	$115M	-20.2%
Operating Income	$83M	$64M	+30.8%
Net Income	$39M	$53M	-25.8%

Revenue Segments

Occupancy

$197M68%

Food and Beverage

$68M23%

Hotel, Owned

$26M9%