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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
Marriott Vacations Revenue by Segment
Revenue by Segment
Sale of vacation ownership products Revenue
CapyFin.comManagement and exchange Revenue
CapyFin.comRental Revenue
CapyFin.comFinancing Revenue
CapyFin.comCost reimbursements Revenue
CapyFin.com 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income