PK Q2 2024 Earnings — Park Hotels & Resorts Inc. Revenue & Financial Results | Market Cap Arena

PKPark Hotels & Resorts Inc.

$2B

Q2 2024 Earnings

Real Estate REIT - Hotel & Motel

Income Statement

Revenue

$686M-3.9% YoY

Gross Profit

$215M31.3% margin

Operating Income

$121M17.6% margin

Net Income

$64M9.3% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+7.4%

Cash Flow

Operating Cash Flow

$117M

Free Cash Flow

$66M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$9.2B

Total Liabilities

$5.4B

Stockholders' Equity

$3.8B

Cash & Equivalents

$449M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$686M	$714M	-3.9%
Gross Profit	$215M	$207M	+3.9%
Operating Income	$121M	-$98M	+223.5%
Net Income	$64M	-$150M	+142.7%

Revenue Segments

Occupancy

$416M61%

Food and Beverage

$182M27%

Ancillary Hotel

$66M10%

Hotel, Other

$22M3%