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Mar 31, 2023
Marriott Vacations Q1 2023 Earnings Report
Reported strong first quarter results with contract sales growth and Adjusted EBITDA increase.
Key Takeaways
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.
Consolidated Vacation Ownership contract sales increased by 10% to $434 million.
Net income attributable to common shareholders increased 50% to $87 million, with EPS up 67% to $2.06.
Adjusted EBITDA increased 8% to $203 million.
The company returned $134 million to shareholders through share repurchases and dividends.
Marriott Vacations
Marriott Vacations
Forward Guidance
The Company is providing its full year 2023 outlook.
Positive Outlook
- Contract sales $1,930 to $2,000 million
- Net income attributable to common shareholders $410 to $445 million
- Earnings per share - diluted $9.70 to $10.49
- Adjusted EBITDA* $950 to $1,000 million
- Adjusted earnings per share - diluted* $11.05 to $11.85