Travel + Leisure Q3 2021 Earnings Report
Key Takeaways
Travel + Leisure Co. reported a strong third quarter in 2021, with net income of $101 million on net revenue of $839 million. The company's cornerstone brands showed resilience, leading to adjusted EBITDA of $228 million and adjusted diluted earnings per share of $1.19. The company increased its full year adjusted EBITDA and adjusted diluted EPS guidance.
Net income from continuing operations was $101 million, resulting in $1.15 diluted earnings per share, on net revenue of $839 million.
Adjusted EBITDA reached $228 million, and adjusted diluted earnings per share was $1.19.
Net cash provided by operating activities amounted to $435 million, with adjusted free cash flow of $128 million for the first nine months of 2021.
Full year adjusted EBITDA guidance was increased to a range of $740 million to $750 million, and adjusted diluted EPS guidance was raised to a range of $3.35 to $3.43.
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Forward Guidance
The Company is updating its guidance regarding expectations for the 2021 full year:
Positive Outlook
- Adjusted EBITDA of $740 million to $750 million from $725 million to $735 million
- Adjusted diluted EPS of $3.35 to $3.43 from $3.24 to $3.30
- Gross VOI sales of $1.45 billion to $1.5 billion from $1.4 billion to $1.5 billion
- Tours of 440,000 to 450,000
- VPG of approximately $3,000
Revenue & Expenses
Visualization of income flow from segment revenue to net income