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Sep 30, 2023
Travel + Leisure Q3 2023 Earnings Report
Reported strong third-quarter results driven by vacation ownership business growth and strategic acquisitions.
Key Takeaways
Travel + Leisure Co. reported a net income of $110 million, with diluted earnings per share of $1.49, on net revenue of $986 million for the third quarter of 2023. The company's vacation ownership business continued to demonstrate strength, with revenue increasing 8% year-over-year.
Net income reached $110 million, with diluted earnings per share at $1.49, on net revenue of $986 million.
Adjusted EBITDA was $248 million, and adjusted diluted earnings per share was $1.54.
Full-year adjusted EBITDA guidance range updated to $900 million to $915 million.
The company acquired the rights to the vacation ownership business of Sports Hospitality Ventures, setting the stage for future growth.
Revenue by Segment
Forward Guidance
The Company is providing guidance regarding expectations for the fourth quarter 2023: •Adjusted EBITDA of $233 million to $248 million •Gross VOI sales of $541 million to $591 million •VPG of approximately $3,000 to $3,150 •Travel and Membership Adjusted EBITDA of $45 million to $50 million •Adjusted EPS of approximately $1.32 to $1.46 assuming no additional share repurchases
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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