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Sep 30, 2020
Marriott Vacations Q3 2020 Earnings Report
Reported third quarter financial results and provided an update on business conditions.
Key Takeaways
Marriott Vacations Worldwide reported a net loss attributable to common shareholders of $62 million, or $1.51 loss per fully diluted share. Adjusted net loss attributable to common shareholders was $33 million and adjusted fully diluted loss per share was $0.81. Adjusted EBITDA was $35 million. Cash and cash equivalents totaled $660 million at the end of the quarter.
Consolidated Vacation Ownership contract sales totaled $140 million.
Net loss attributable to common shareholders was $62 million, or $1.51 loss per fully diluted share.
Adjusted net loss attributable to common shareholders was $33 million and adjusted fully diluted loss per share was $0.81.
Cash and cash equivalents totaled $660 million.
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
Company expects contract sales to increase to $160 to $185 million in the fourth quarter. The Company expects to generate $335 million of cash from operations and at least $130 million of total cash flow in the second half of 2020. The Company now expects to generate at least $200 million of synergy and other cost savings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income