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Jun 30, 2021
Marriott Vacations Q2 2021 Earnings Report
Reported financial results for the second quarter of 2021.
Key Takeaways
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.
Consolidated Vacation Ownership contract sales totaled $362 million, with VPG 30% higher than the second quarter of 2019.
Net income attributable to common shareholders was $6 million, or $0.15 fully diluted earnings per share.
Adjusted net income attributable to common shareholders was $37 million and adjusted fully diluted earnings per share was $0.85.
Adjusted EBITDA more than doubled on a sequential basis to $164 million.
Revenue by Segment
Forward Guidance
The Company projects contract sales of $380 million to $410 million in the third quarter of 2021, a sequential increase of 9% at the mid-point.
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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