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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.
Travel + Leisure
Travel + Leisure
Travel + Leisure Revenue by Segment
Revenue by Segment
Vacation Ownership Revenue
CapyFin.comTravel & Membership Revenue
CapyFin.com 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