Marriott International Reports Fourth Quarter and Full Year 2014 Results (United States)
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Marriott International Reports Fourth Quarter and Full Year 2014 Results (United States)
HIGHLIGHTS |
Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2015-02-19
Fourth quarter diluted EPS totaled $0.68, a 39 percent increase over prior year results;
North American comparable systemwide RevPAR rose 6.7 percent in the fourth quarter and 7.0 percent for the full year;
On a constant dollar basis, worldwide comparable systemwide RevPAR rose 6.2 percent in the fourth quarter and 6.6 percent for the full year;
For full year 2014, Marriott repurchased 24.2 million shares of the company’s common stock for $1.5 billion including 7.7 million shares for $544 million in the fourth quarter;
Comparable company-operated house profit margins increased 150 basis points in North America and 120 basis points worldwide for the full year;
At year-end, the company’s worldwide development pipeline increased to nearly 240,000 rooms, including approximately 30,000 rooms approved, but not yet subject to signed contracts;
Over 46,000 rooms were added in 2014 including nearly 9,000 rooms converted from competitor brands and over 10,000 rooms associated with the Protea transaction;
The company signed a record 100,000 rooms in 2014;
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $384 million in the quarter, a 20 percent increase over fourth quarter 2013 adjusted EBITDA;
Adjusted for cost reimbursements, the company’s full year 2014 operating income margin increased to 42 percent. Return on invested capital totaled 36 percent in 2014;
For full year 2015, Marriott expects North American and worldwide comparable systemwide constant dollar RevPAR to increase 5 to 7 percent.
Marriott International, Inc. (NASDAQ: MAR) today reported fourth quarter and full year 2014 results.
Fourth quarter 2014 net income totaled $197 million, a 30 percent increase over 2013 net income. Fourth quarter 2014 diluted earnings per share (EPS) totaled $0.68, a 39 percent increase from 2013 diluted EPS. On October 28, 2014, the company forecasted fourth quarter diluted EPS of $0.62 to $0.66.
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