DRH Q2 2024 Earnings — DiamondRock Hospitality Company Revenue & Financial Results | Market Cap Arena

DRHDiamondRock Hospitality Company

$2B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$309M+6.2% YoY

Gross Profit

$176M56.8% margin

Operating Income

$41M13.3% margin

Net Income

$25M7.9% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+20.6%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$39M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$1.6B

Stockholders' Equity

$1.6B

Cash & Equivalents

$125M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$309M	$291M	+6.2%
Gross Profit	$176M	$92M	+92.0%
Operating Income	$41M	$83M	-50.8%
Net Income	$25M	$39M	-37.0%

Revenue Segments

Occupancy

$203M66%

Food and Beverage

$78M25%

Hotel, Owned

$28M9%