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AI brief of an SEC Form 8-K · DiamondRock Hospitality (DRH)

DiamondRock Q2 revenue up 6.2% as net income falls 37.1%; raises guidance midpoint

Mixed Impact 4 of 5 earnings Written later

DiamondRock reported second quarter 2024 total revenues of $309.3 million, up 6.2% from a year earlier, but net income fell 37.1% to $24.6 million, or $0.10 per diluted share, after $20.4 million of severance costs. The company raised the midpoint of its full-year 2024 Adjusted FFO per share guidance to $0.95 to $1.00 and its Adjusted EBITDA guidance to $278 million to $290 million.

Key points

  • Total revenues $309.3 million vs $291.2 million a year earlier; net income $24.6 million vs $39.1 million
  • Severance costs of $20.4 million in the quarter; corporate expenses $28.5 million vs $8.3 million
  • Adjusted FFO per diluted share $0.34 vs $0.32; full-year 2024 Adjusted FFO per share guidance midpoint raised by $0.02
  • Full-year 2024 Adjusted EBITDA guidance now $278 million to $290 million, up $4.0 million at the midpoint

The filing

CompanyDiamondRock Hospitality (DRH)
Form8-K, current report
Filed with the SECAug 1, 2024, 4:11 PM ET
Accession number0001298946-24-000091

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.