Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET

Company Participants

Matt Capuzzi - Senior Vice President, Investor Relations

Geoff Ballotti - Chief Executive Officer

Michele Allen - Chief Financial Officer

Conference Call Participants

Patrick Scholes - Truist Securities

Joe Greff - JPMorgan

David Katz - Jefferies

Michael Bellisario - Baird

Dany Asad - Bank of America

Ian Zaffino - Oppenheimer

Stephen Grambling - Morgan Stanley

Dan Wasiolek - Morningstar

Brandt Montour - Barclays

Operator

Good day and welcome to the Wyndham Hotels & Resorts Third Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Matt Capuzzi, Senior Vice President of Investor Relations.

Matt Capuzzi

Thank you, operator. Good morning and thank you for joining us. With me today are Geoff Ballotti, our CEO and Michele Allen, our CFO.

Before we get started, I want to remind you that our remarks today will contain forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied. These risk factors are discussed in detail in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the SEC.

We will also be referring to a number of non-GAAP measures, corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP metrics are provided in our earnings release, which is available on our Investor Relations website at investor.wyndhamhotels.com. We are providing certain measures discussing future impact on a non-GAAP basis only, because without unreasonable efforts, we are unable to provide the comparable GAAP metric.

In addition, last evening, we posted an investor presentation containing supplemental information on our Investor Relations website. We may continue to provide supplemental information on our website in the future. Accordingly, we encourage investors to monitor our website in addition to our press releases, filings submitted with the SEC and any public conference calls or webcast.

With that, I will turn the call over to Geoff.

Geoff Ballotti

Thanks, Matt and thanks everyone for joining us this morning. We are pleased to report another strong quarter, where we delivered $191 million of adjusted EBITDA and generated nearly $100 million of free cash flow, demonstrating the continued resiliency and consistency of our business model while returning over $160 million to shareholders bringing our year-to-date capital return to $400 million or 5% of our market cap.