PK Q1 2024 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$639M-1.4% YoY

Gross Profit

$187M29.3% margin

Operating Income

$92M14.4% margin

Net Income

$28M4.4% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$22M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$5.3B

Stockholders' Equity

$3.8B

Cash & Equivalents

$378M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$639M	$648M	-1.4%
Gross Profit	$187M	$166M	+12.7%
Operating Income	$92M	$80M	+15.0%
Net Income	$28M	$33M	-15.2%

Revenue Segments

Occupancy

$374M59%

Food and Beverage

$182M28%

Ancillary Hotel

$62M10%

Hotel, Other

$21M3%