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Mar 31, 2021
Travel + Leisure Q1 2021 Earnings Report
Travel + Leisure's financial performance strengthened in Q1 2021, driven by increased consumer confidence and reduced travel restrictions.
Key Takeaways
Travel + Leisure Co. reported a net income of $29 million and diluted earnings per share of $0.33 on net revenue of $628 million for the first quarter of 2021. The company saw a significant improvement in operating performance in March, driven by increased consumer confidence, reduced travel restrictions, and the vaccine roll-out.
Net income reached $29 million, with diluted earnings per share at $0.33 on net revenue of $628 million.
Adjusted EBITDA stood at $129 million, and adjusted diluted earnings per share was $0.39.
Net cash from operating activities totaled $78 million, with adjusted free cash flow at $20 million.
The company fully paid down its revolving credit facility and $250 million of secured notes.
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Revenue by Segment
Vacation Ownership Revenue
CapyFin.comTravel & Membership Revenue
CapyFin.com Forward Guidance
The Company is providing guidance regarding expectations for the second quarter of 2021:
Positive Outlook
- Adjusted EBITDA of $160 million to $170 million
- Gross VOI sales of $355 million to $365 million
- Tours of 118,000 to 123,000
- VPG to be approximately $2,800
Revenue & Expenses
Visualization of income flow from segment revenue to net income