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Jun 30, 2024
Travel + Leisure Q2 2024 Earnings Report
Delivered strong results with double-digit increases in tours and new owner tours, and raised full-year adjusted EBITDA guidance.
Key Takeaways
Travel + Leisure Co. reported a net income of $129 million on net revenue of $985 million for Q2 2024. The company saw a 13% increase in tours and raised its full-year adjusted EBITDA guidance to $915 to $935 million.
Net income reached $129 million, with diluted earnings per share from continuing operations at $1.36, on net revenue of $985 million.
Adjusted EBITDA was $244 million, and adjusted diluted earnings per share was $1.52.
Tours increased by 13% year-over-year, with new owner tours up by 22%.
Full year 2024 adjusted EBITDA guidance was raised to $915 to $935 million.
Revenue by Segment
Forward Guidance
The Company is updating 2024 full year guidance and providing its third quarter 2024 guidance.
Positive Outlook
- Adjusted EBITDA of $915 million to $935 million (vs. prior outlook of $910 million to $930 million)
- Gross VOI sales of $2.25 billion to $2.35 billion
- VPG of $2,950 to $3,050 (vs. prior outlook of $2,900 to $3,000)
- Adjusted EBITDA of $235 million to $245 million for Q3
- Gross VOI sales of $620 million to $650 million for Q3
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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