Marriott Vacations Q3 2022 Earnings Report
Key Takeaways
Marriott Vacations Worldwide reported a strong third quarter with a 27% increase in consolidated vacation ownership contract sales and a 1% increase in VPG. Net income attributable to common shareholders was $109 million, or $2.53 fully diluted earnings per share. Adjusted EBITDA was $284 million.
Consolidated Vacation Ownership contract sales increased by 27% to $483 million compared to Q3 2021.
VPG increased 1% to $4,353.
Net income attributable to common shareholders was $109 million, or $2.53 fully diluted earnings per share.
Adjusted EBITDA was $284 million, excluding the impact of the Alignment, Adjusted EBITDA was $240 million, an increase of 17% compared to the prior year.
Marriott Vacations
Marriott Vacations
Forward Guidance
The Company is providing updated guidance, which includes the impact of the Alignment for the full year 2022.
Positive Outlook
- Income before income taxes attributable to common shareholders $564 to $579 million
- Net income attributable to common shareholders $390 to $400 million
- Earnings per share - diluted $8.76 to $8.98
- Net cash, cash equivalents and restricted cash provided by operating activities $575 to $590 million
- Contract sales $1,820 to $1,860 million