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2026-02-19 19:32
| CHOICE HOTELS INTERNATIONAL, INC. | |||||
| OUTLOOK | |||||
| (UNAUDITED) | |||||
| Guidance represents the company's range of estimated outcomes for the full year ended December 31, 2026 | |||||
| EBITDA & ADJUSTED EBITDA | |||||
| (in thousands) | Full Year | Full Year | |||
| Lower Range | Upper Range | ||||
| Net income | $ 265,000 | $ 275,000 | |||
| Income tax expense | 88,200 | 91,800 | |||
| Interest expense | 87,600 | 89,000 | |||
| Interest income | (6,500) | (6,500) | |||
| Other losses, net | 100 | 100 | |||
| Equity in net loss of affiliates | 11,900 | 11,900 | |||
| Depreciation and amortization | 64,500 | 64,500 | |||
| Amortization of cloud computing arrangements | 1,200 | 1,200 | |||
| EBITDA | $ 512,000 | $ 527,000 | |||
| Share-based compensation | 20,700 | 20,700 | |||
| Franchise agreement acquisition cost amortization and charges | 26,100 | 26,100 | |||
| Revenue for reimbursable costs from franchised and managed properties | (605,300) | (605,300) | |||
| Reimbursable expenses from franchised and managed properties | 675,300 | 675,300 | |||
| Global ERP system implementation and related costs | 1,700 | 1,700 | |||
| Business combination, diligence and transition costs | 1,500 | 1,500 | |||
| Adjusted EBITDA | $ 632,000 | $ 647,000 | |||
| ADJUSTED NET INCOME & DILUTED EARNINGS PER SHARE ("EPS") | |||||
| (in thousands, except per share amounts) | Full Year | Full Year | |||
| Lower Range | Upper Range | ||||
| Net income | $ 265,000 | $ 275,000 | |||
| Revenue for reimbursable costs from franchised and managed properties | (605,300) | (605,300) | |||
| Reimbursable expenses from franchised and managed properties | 675,300 | 675,300 | |||
| Business combination, diligence and transition costs | 1,500 | 1,500 | |||
| Global ERP system implementation and related costs | 1,700 | 1,700 | |||
| Income tax expense on adjustments | (18,200) | (18,200) | |||
| Adjusted Net Income | $ 320,000 | $ 330,000 | |||
| Diluted EPS | $ 5.72 | $ 5.94 | |||
| Adjusted Diluted EPS | $ 6.92 | $ 7.14 | |||