Marriott Vacations Earnings Reports

Marriott Vacations Worldwide reported a strong end to the year with a 7% increase in consolidated vacation ownership contract sales. Net income attributable to common stockholders was $50 million, with diluted earnings per share at $1.30. The company anticipates generating $150 million to $200 million in run-rate benefits from strategic initiatives by the end of 2026.

Marriott Vacations Worldwide reported a 5% increase in consolidated vacation ownership contract sales to $459 million compared to Q3 2023. The company is also implementing cost efficiency initiatives expected to drive $50 to $100 million in annual savings over the next two years.

Marriott Vacations Worldwide reported second quarter 2024 financial results with consolidated vacation ownership contract sales declining 1% to $449 million. Net income attributable to common stockholders was $37 million, or $0.98 per share, while adjusted net income was $42 million, or $1.10 per share. Adjusted EBITDA decreased 29% to $157 million, reflecting a $57 million net increase to the company’s sales reserve.

Marriott Vacations Worldwide reported a decrease in net income and adjusted EBITDA for Q1 2024. While contract sales saw a slight decrease, excluding the impact of the Maui wildfires, they increased by 3%. The company reaffirms its full-year contract sales and Adjusted EBITDA guidance.

Marriott Vacations Worldwide reported a 4% year-over-year growth in contract sales for Q4 2023, with VPG in line with the prior year, after adjusting for the impact of the Maui wildfires. The company's transition to Abound by Marriott Vacations is complete, and they are focusing on leveraging technology to enhance revenue and drive cost savings.

Marriott Vacations Worldwide's third quarter results were impacted by the Maui wildfires and higher loan loss provisions. While net income and EPS decreased compared to the prior year, volume per guest increased sequentially. The company updated its full year outlook to account for these factors.

Marriott Vacations Worldwide reported a decrease in net income and adjusted EBITDA for Q2 2023, primarily due to a decline in consolidated vacation ownership contract sales. The company is focusing on the transition to the Abound by Marriott Vacations program and the integration of Hyatt and legacy-Welk businesses.

Marriott Vacations Worldwide reported a strong start to the year with a 10% increase in contract sales and an 8% increase in Adjusted EBITDA. The company returned $134 million to shareholders through share repurchases and dividends. Consumers continue to prioritize travel.

Marriott Vacations Worldwide reported strong fourth-quarter results, with consolidated Vacation Ownership contract sales increasing by 12% and VPG at $4,088. Net income attributable to common shareholders was $88 million, or $2.08 fully diluted earnings per share. Adjusted EBITDA was $239 million. The company repurchased 1.2 million shares of its common stock for $173 million during the quarter.

Marriott Vacations Worldwide reported a strong third quarter with a 27% increase in consolidated vacation ownership contract sales and a 1% increase in VPG. Net income attributable to common shareholders was $109 million, or $2.53 fully diluted earnings per share. Adjusted EBITDA was $284 million.

Marriott Vacations Worldwide reported a strong second quarter in 2022, with a 40% increase in consolidated vacation ownership contract sales, a 55% increase in adjusted EBITDA, and significant returns to shareholders. The company also introduced Abound by Marriott Vacations, a new program providing more options and access for Owners.

Marriott Vacations Worldwide reported a strong start to 2022, with first quarter adjusted EBITDA totaling $188 million and contract sales of $394 million, both exceeding pre-pandemic levels. Net income attributable to common shareholders was $58 million, or $1.23 fully diluted earnings per share. The company returned approximately $168 million to shareholders through share repurchases and dividends.

Marriott Vacations Worldwide Corporation reported strong Q4 results with contract sales growing 7% sequentially to $406 million, exceeding 2019 levels for the first time since the pandemic started. The company expects 2022 full-year contract sales to be 13% higher than 2019 levels and 2022 Adjusted EBITDA to be 17% above 2019 levels.

Marriott Vacations Worldwide reported strong third-quarter results with contract sales near 2019 levels and a 25% sequential increase in Adjusted EBITDA. The company also highlighted a growing number of first-time buyers and a positive start to the fourth quarter.

Marriott Vacations Worldwide reported strong second quarter 2021 financial results driven by increased demand for vacation ownership products. Contract sales grew 60% sequentially to $362 million, and Adjusted EBITDA more than doubled compared to the first quarter.

Marriott Vacations Worldwide reported a continued recovery in their business with consolidated vacation ownership contract sales totaling $226 million, and VPG increasing 26% compared to the prior year. Net loss attributable to common shareholders was $28 million, or $0.68 loss per fully diluted share. Adjusted EBITDA was $69 million.

Marriott Vacations Worldwide reported a net loss attributable to common shareholders of $37 million, or $0.88 loss per fully diluted share, for the fourth quarter of 2020. However, the company saw sequential growth in occupancy and exchange transactions, with contract sales increasing 27% from the third quarter. Adjusted EBITDA was $72 million.

Marriott Vacations Worldwide reported a net loss attributable to common shareholders of $62 million, or $1.51 loss per fully diluted share. Adjusted net loss attributable to common shareholders was $33 million and adjusted fully diluted loss per share was $0.81. Adjusted EBITDA was $35 million. Cash and cash equivalents totaled $660 million at the end of the quarter.

Marriott Vacations Worldwide reported a challenging second quarter due to the COVID-19 pandemic, with significant declines in contract sales and revenues. However, resort occupancies began to recover in late May as restrictions eased, and the company expects positive cash flow in the second half of the year.

Marriott Vacations Worldwide reported a challenging first quarter in 2020, impacted significantly by the COVID-19 pandemic. While consolidated contract sales decreased by 13%, the company took decisive actions to mitigate the financial impact, including cost reductions and deferring investments. The company expects a net loss attributable to common shareholders between $39 million and $114 million.

Marriott Vacations Worldwide Corporation reported a 10% increase in consolidated vacation ownership contract sales, reaching $394 million, driven by 9% VPG growth. Net income attributable to common shareholders was $74 million, or $1.71 per fully diluted share. Adjusted EBITDA increased 15% to $207 million.