Marriott Vacations Q3 2020 Earnings Report
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
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.