Loading...
•
Jun 30, 2022
Marriott Vacations Q2 2022 Earnings Report
Reported strong second-quarter financial results with significant growth in contract sales and adjusted EBITDA.
Key Takeaways
Marriott Vacations Worldwide reported a strong second quarter in 2022, with a 40% increase in consolidated vacation ownership contract sales, a 55% increase in adjusted EBITDA, and significant returns to shareholders. The company also introduced Abound by Marriott Vacations, a new program providing more options and access for Owners.
Consolidated Vacation Ownership contract sales were $506 million, a 40% increase compared to the second quarter of 2021, and VPG increased 7% to $4,613.
Net income attributable to common shareholders was $136 million, or $2.97 fully diluted earnings per share.
Adjusted EBITDA was $255 million, a 55% increase compared to the second quarter of 2021, as the Company continues to see a strong recovery in the business.
The Company returned $219 million to shareholders, repurchasing more than 1.4 million shares of its common stock for $193 million and paying a quarterly dividend of $26 million.
Revenue by Segment
Forward Guidance
The company is providing guidance for the full year 2022. Income before income taxes attributable to common shareholders is expected to be between $511 million and $551 million. Adjusted EBITDA is expected to be between $880 million and $930 million.
Positive Outlook
- Net income attributable to common shareholders is expected to be between $365 million and $395 million.
- Earnings per share - diluted is expected to be between $8.15 and $8.81.
- Adjusted net income attributable to common shareholders is expected to be between $425 million and $465 million.
- Adjusted earnings per share - diluted is expected to be between $9.47 and $10.35.
- Adjusted free cash flow is expected to be between $650 million and $730 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
Loading earnings performance data...
Loading earnings reaction data...