Hilton Grand Vacations Inc. (HGV) Q2 2026 Earnings Call Transcript

SA Transcripts 161.35K Followers Follow Hilton Grand Vacations Inc. ( HGV ) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT Company Participants Mark Melnyk - Senior Vice President of Investor Relations Mark Wang - CEO & Director Daniel Mathewes - President & CFO (Leave of Absence) Conference Call Participants Patrick Scholes Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Nicholas Weichel - Wells Fargo Securities, LLC, Research Division Stephen Grambling - Morgan Stanley, Research Division Chris Woronka - Deutsche Bank AG, Research Division Presentation Operator Good morning, and welcome to the Hilton Grand Vacations Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Mark Melnyk, Senior Vice President of Investor Relations. Please go ahead, sir. Mark Melnyk Senior Vice President of Investor Relations Thank you, operator, and welcome to the Hilton Grand Vacations Second Quarter 2026 Earnings Call. Our discussion this morning will include forward-looking statements. Actual results could differ materially from those indicated by these forward-looking statements, and these statements are effective only as of today. We undertake no obligation to publicly update or revise these statements. For a discussion of some of the factors that could cause actual results to differ, please see the Risk Factors section of our SEC filings. Our reported results for all periods reflect accounting rules under ASC 606, which we adopted in 2018. Under ASC 606, we're required to defer certain revenues and expenses related to sales made in the period when a project is under construction and then hold off on recognizing these revenues and expenses until the period when construction is completed. The aggregate of these potentially overlapping deferrals and recognitions from various projects in any given period are known as net deferrals. Please note that in our prepared remarks today, we'll only be referring to metrics that remove the impact