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Sep 30, 2024
Travel + Leisure Q3 2024 Earnings Report
Reported solid third quarter results driven by strong volume per guest performance and disciplined cost management.
Key Takeaways
Travel + Leisure Co. reported a net income of $97 million, or $1.39 diluted earnings per share, on net revenue of $993 million for the third quarter of 2024. The company's VPG was above $3,000, driven by a 4% increase in tours year-over-year. The company returned $105 million to shareholders through dividends and share repurchases.
Net income of $97 million, $1.39 diluted earnings per share from continuing operations, on net revenue of $993 million.
Adjusted EBITDA of $242 million and adjusted diluted earnings per share of $1.57.
Volume per guest (VPG) above $3,000 on a 4 percent increase in tours year-over-year, with new owner tours up 9 percent.
Returned $105 million to shareholders through $35 million of dividends and $70 million of share repurchases.
Revenue by Segment
Forward Guidance
The Company is providing its fourth quarter 2024 guidance: •Adjusted EBITDA of $240 million to $260 million •Gross VOI sales of $550 million to $600 million •VPG of $2,900 to $3,000 •Travel and Membership Adjusted EBITDA of $45 million to $50 million
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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