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Mar 31, 2022
Marriott Vacations Q1 2022 Earnings Report
Reported strong first quarter with adjusted EBITDA totaling $188 million and contract sales of $394 million, both exceeding pre-pandemic levels.
Key Takeaways
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.
Consolidated Vacation Ownership contract sales totaled $394 million.
Net income attributable to common shareholders was $58 million, or $1.23 fully diluted earnings per share.
Adjusted EBITDA was $188 million, 13% higher than 2019.
The company returned approximately $168 million to shareholders during the quarter.
Revenue by Segment
Forward Guidance
The Company is re-affirming guidance as reflected in the chart below for the full year 2022.
Positive Outlook
- Income before income taxes attributable to common shareholders $443 to $483 million
- Net income attributable to common shareholders $317 to $347 million
- Earnings per share - diluted $6.85 to $7.49
- Contract sales $1,675 to $1,775 million
- Adjusted EBITDA $860 to $920 million
Challenges Ahead
- Adjusted pretax net income $585 to $645 million
- Adjusted net income attributable to common shareholders $424 to $469 million
- Adjusted earnings per share - diluted $9.13 to $10.09
- Adjusted free cash flow $560 to $640 million
- Capital expenditures for property and equipment (excluding inventory) ($75) to ($85) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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