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Marriott International Inc. (NASDAQ:MAR ) Q4 2024 Earnings Conference Call February 11, 2025 8:30 AM ET Company Participants Anthony Capuano - President, Chief Executive Officer Leeny Oberg - Chief Financial Officer Jackie McConagha - Senior Vice President, Investor Relations Conference Call Participants Shaun Kelley - Bank of America Patrick Scholes - Truist Securities Conor Cunningham - Melius Research Richard Clarke - Bernstein Robin Farley - UBS Stephen Grambling - Morgan Stanley David Katz - Jefferies Brandt Montour - Barclays Duane Pfenningwerth - Evercore ISI Smedes Rose - Citi Ari Klein - BMO Capital Markets Chad Beynon - Macquarie Lizzie Dove - Goldman Sachs Operator Good day everyone and welcome to the Marriott International Q4 2024 earnings call. At this time, all participants are in a listen-only mode.
Marriott International (MAR) shares fell 4% Tuesday as the hotel operator's guidance missed forecasts on slower room growth.
While the top- and bottom-line numbers for Marriott (MAR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lodging services giant Marriott International (MAR -3.94%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 11, that exceeded analysts' consensus estimates. Adjusted EPS of $2.45 outperformed analysts' estimates of $2.39 while total revenue reached $6.43 billion, slightly higher than the anticipated $6.4 billion.
Marriott International (MAR) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $3.57 per share a year ago.
Fourth quarter 2024 RevPAR 1 increased 5.0 percent worldwide, with 4.1 percent growth in the U.S. & Canada and 7.2 percent growth in international markets Fourth quarter reported diluted EPS totaled $1.63 and adjusted diluted EPS totaled $2.45 Fourth quarter reported net income totaled $455 million and adjusted net income totaled $686 million Fourth quarter adjusted EBITDA totaled $1,286 million With record gross room additions of over 123,000 in 2024, net rooms grew 6.8 percent from year-end 2023 At the end of the year, Marriott's worldwide development pipeline totaled nearly 3,800 properties and over 577,000 rooms The company returned over $4.4 billion to shareholders through dividends and share repurchases in 2024 For a summary of fourth quarter and full year 2024 highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/ce86e15d-fd4c-48b1-8ce5-44ad6a468787.pdf BETHESDA, Md. , Feb. 11, 2025 /PRNewswire/ -- Marriott International
MAR's fourth-quarter 2024 results are likely to benefit from robust RevPAR and ADR growth.
Evaluate the expected performance of Marriott (MAR) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Marriott (MAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BETHESDA, Md. , Feb. 3, 2025 /PRNewswire/ -- Marriott International today announced it has once again been named among FORTUNE Magazine's World's Most Admired Companies.