Wyndham Hotels & Resorts, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 30, 2024


4. EARNINGS PER SHARE

The computation of basic and diluted earnings per share (“EPS”) is based on net income divided by the basic weighted average number of common shares and diluted weighted average number of common shares, respectively.

The following table sets forth the computation of basic and diluted EPS (in millions, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income	$	87	$	86	$	149	$	102

Basic weighted average shares outstanding	77.0		80.4		77.5		80.7
Stock options and restricted stock units (“RSUs”) (a)	0.4		0.3		0.5		0.5
Diluted weighted average shares outstanding	77.4		80.7		78.0		81.2

Earnings per share:
Basic	$	1.13	$	1.07	$	1.92	$	1.27
Diluted	1.13		1.07		1.90		1.26

Dividends:
Cash dividends declared per share	$	0.41	$	0.38	$	0.82	$	0.76
Aggregate dividends paid to stockholders	$	32	$	31	$	65	$	63

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(a) Anti-dilutive shares related to stock options were immaterial for both the three and six months ended June 30, 2025 and 2024. Diluted shares outstanding excludes anti-dilutive shares related to RSUs of 0.3 million and 0.2 million for the three and six months ended June 30, 2025, respectively and 0.6 million for both the three and six months ended June 30, 2024.

Stock Repurchase Program

The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data) which includes excise taxes and fees:


	Shares	Cost		Average Price Per Share
As of December 31, 2024	24.8	$	1,669	$	67.32
For the six months ended June 30, 2025	1.7	153		88.73
As of June 30, 2025	26.5	$	1,822	$	68.71

The Company had $386 million of remaining availability under its program as of June 30, 2025.