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Mar 31, 2024
Travel + Leisure Q1 2024 Earnings Report
Travel + Leisure Co. reported solid first quarter 2024 results, demonstrating growth in key areas.
Key Takeaways
Travel + Leisure Co. reported a net income of $66 million, with diluted earnings per share of $0.92, on net revenue of $916 million. The company saw a 15% increase in tours and a 28% growth in new owner tours. They are reaffirming their full year adjusted EBITDA expectations.
Net income reached $66 million, with diluted earnings per share at $0.92, on net revenue of $916 million.
Adjusted EBITDA was $191 million and adjusted diluted earnings per share was $0.97.
The company expects second quarter adjusted EBITDA to be between $235 million and $245 million.
Full year adjusted EBITDA expectations are reaffirmed at $910 million to $930 million.
Revenue by Segment
Forward Guidance
The Company is reaffirming guidance regarding expectations for the 2024 full year and is providing guidance regarding expectations for the second quarter 2024.
Positive Outlook
- Adjusted EBITDA of $910 million to $930 million for the full year.
- Gross VOI sales of $2.25 billion to $2.35 billion for the full year.
- VPG of $2,900 to $3,000 for the full year.
- Adjusted EBITDA of $235 million to $245 million for the second quarter.
- Gross VOI sales of $580 million to $610 million for the second quarter.
Challenges Ahead
- VPG of $2,900 to $3,000 for the second quarter.
- Travel and Membership Adjusted EBITDA of $60 million to $65 million for the second quarter.
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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