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Exhibit 99.1
Interval Leisure Group Reports Fourth Quarter and Full Year 2014 Results
MIAMI(BUSINESS WIRE)February 26, 2014 Interval Leisure Group (Nasdaq: IILG) (ILG) today announced results for the three months and full year ended December 31, 2014.
FOURTH QUARTER AND FULL YEAR 2014 HIGHLIGHTS
FOURTH QUARTER:
· ILG consolidated fourth quarter revenue including pass-throughs increased by 36.8% from the same period last year
· The Company generated fourth quarter diluted earnings per share of $0.27, adjusted diluted earnings per share of $0.29
· Fourth quarter adjusted EBITDA increased 11.8%
· ILG completed transaction to acquire Hyatt Vacation Ownership; reporting segments are realigned to reflect new business operations
FULL YEAR:
· ILG reports record revenues including pass-throughs of $614.4 million, an increase of 22.6%
· Full year diluted earnings per share were $1.36. Adjusted diluted earnings per share were $1.41
· Consolidated Adjusted EBITDA for 2014 rose by 5.4% year-over-year, driven by the contribution of acquisitions
· During 2014, ILG paid $25.2 million in shareholder dividends
· Free cash flow was $91.6 million for 2014
· The Companys Board of Directors declared a $0.12 per share quarterly dividend, a 9% increase
· The Companys Board of Directors increased its share repurchase authorization to $25 million
· The Company issued guidance for full year 2015
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Interval Leisure Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:
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Ticker: IILGV
CIK: 1434620
Form Type: 10-K Annual Report
Accession Number: 0001047469-15-001386
Submitted to the SEC: Fri Feb 27 2015 1:52:41 PM EST
Accepted by the SEC: Fri Feb 27 2015
Period: Wednesday, December 31, 2014
Industry: Real Estate Agents And Managers For Others