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Mar 31, 2022
Travel + Leisure Q1 2022 Earnings Report
Reported first quarter 2022 results, showcasing a return to leisure travel and strong performance in the timeshare business.
Key Takeaways
Travel + Leisure Co. reported a strong first quarter in 2022, driven by the resurgence of leisure travel. Net income reached $51 million on net revenue of $809 million. The company is optimistic about the year ahead, expecting occupancy to be above 2019 levels due to a robust travel season in North America.
Net income was $51 million, with diluted earnings per share at $0.59, on net revenue of $809 million.
Adjusted EBITDA reached $170 million, and adjusted diluted earnings per share were $0.69.
Net cash from operating activities was $141 million, and adjusted free cash flow was $146 million.
The company repurchased $45 million of common stock during the quarter and increased the share repurchase program by $500 million.
Revenue by Segment
Forward Guidance
The Company is providing guidance regarding expectations for the 2022 full year: Adjusted EBITDA of $855 million to $875 million, Gross VOI sales of $1.9 billion to $2.0 billion and VPG of approximately $3,200. The Company is providing guidance regarding expectations for the second quarter 2022: Adjusted EBITDA of $220 million to $230 million, Gross VOI sales of $500 million to $520 million and VPG of approximately $3,300.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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