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Sep 30, 2022
Marriott Vacations Q3 2022 Earnings Report
Reported strong third quarter results driven by tour growth and contract sales.
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.
Revenue by Segment
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
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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