Travel + Leisure Q3 2020 Earnings Report
Key Takeaways
Wyndham Destinations reported a net income of $40 million and diluted earnings per share of $0.47 on net revenue of $614 million. The company's ability to recover quickly during the re-opening phase demonstrates the resiliency of its business. Early indications show buyer behavior remains unchanged, with VPG 30% higher year-over-year at Wyndham Vacation Clubs.
Net income from continuing operations was $40 million, with diluted earnings per share at $0.47 on net revenue of $614 million.
Adjusted EBITDA reached $139 million, and adjusted diluted earnings per share was $0.83.
Net cash provided by operating activities was $224 million, and adjusted free cash flow totaled $120 million for the first nine months of 2020.
Cash and cash equivalents stood at $1.3 billion at the end of September, with $1.5 billion of liquidity available.
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Forward Guidance
The company expects to recommend a fourth quarter dividend of $0.30 per share for approval by the Board of Directors and expects to be adjusted free cash flow positive for the full-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income