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Jun 30, 2020
Travel + Leisure Q2 2020 Earnings Report
Reported second quarter results and improved financial flexibility.
Key Takeaways
Wyndham Destinations reported a GAAP net loss of $164 million, or $1.92 per share, on net revenue of $343 million. The company's results exceeded expectations despite significant impacts from the COVID-19 pandemic.
GAAP net loss from continuing operations of $164 million and diluted loss per share of $1.92 on net revenue of $343 million
Adjusted EBITDA of $16 million and adjusted diluted loss per share of $1.11
Cash and cash equivalents of $1.1 billion at the end of June
Issued $650 million senior secured notes due 2026
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Forward Guidance
The Company expects to recommend a third quarter dividend of $0.30 per share for approval by the Company’s Board of Directors in August.
Revenue & Expenses
Visualization of income flow from segment revenue to net income