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Mar 31, 2024
Marriott Vacations Q1 2024 Earnings Report
Marriott Vacations Worldwide's financial performance decreased due to factors like the Maui wildfires and reduced exchange volumes.
Key Takeaways
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.
Consolidated Vacation Ownership contract sales decreased by 1% to $428 million, but increased 3% excluding Maui.
Net income attributable to common stockholders was $47 million, a decrease from $87 million in the prior year, with EPS at $1.22.
Adjusted EBITDA decreased by 8% to $187 million compared to the prior year.
The company repurchased 280 thousand shares for $24 million and paid dividends totaling $54 million.
Forward Guidance
The Company provides full year 2024 guidance as reflected in the chart below.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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