Travel + Leisure Co. reported a net income of $100 million and diluted earnings per share of $1.16 on net revenue of $922 million. The company's performance was driven by robust vacation ownership sales to new and existing owners, with record-setting sales volume per guest.
Net income reached $100 million, with $1.16 diluted earnings per share, on net revenue of $922 million.
Adjusted EBITDA was $230 million and adjusted diluted earnings per share was $1.27.
The company repurchased $83 million of common stock in the second quarter.
Record Volume per Guest (VPG) was achieved for the second consecutive quarter.
The Company is providing guidance regarding expectations for the 2022 full year: Adjusted EBITDA of $860 million to $880 million and Gross VOI sales of $1.9 billion to $2.0 billion. The Company is providing guidance regarding expectations for the third quarter 2022: Adjusted EBITDA of $230 million to $240 million and Gross VOI sales of $530 million to $550 million
Visualization of income flow from segment revenue to net income