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Jun 30, 2021
Travel + Leisure Q2 2021 Earnings Report
Travel + Leisure Co. reported strong second quarter results driven by the rebound in leisure travel and effective cost management.
Key Takeaways
Travel + Leisure Co. reported a net income of $74 million, or $0.84 diluted earnings per share, on net revenue of $797 million. The company's performance was driven by the strong rebound in leisure travel in North America and the resilience of its business model. The company is providing full year guidance, adjusted EBITDA of $720 million to $735 million and adjusted diluted EPS of $3.20 to $3.30.
Net income from continuing operations was $74 million ($0.84 diluted earnings per share) on net revenue of $797 million.
Adjusted EBITDA was $193 million and adjusted diluted earnings per share was $0.88.
Net cash provided by operating activities was $290 million and adjusted free cash flow was $56 million for the first six months of 2021.
The company expects full year adjusted EBITDA from $720 million to $735 million, adjusted diluted EPS of $3.20 to $3.30, and third quarter adjusted EBITDA from $200 million to $210 million.
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 2021 full year and third quarter of 2021.
Positive Outlook
- Adjusted EBITDA of $720 million to $735 million for full year.
- Adjusted diluted EPS of $3.20 to $3.30 for full year.
- Gross VOI sales of $1.4 billion to $1.5 billion for full year.
- Tours of 440,000 to 450,000 for full year.
- Adjusted EBITDA of $200 million to $210 million for third quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income