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Sep 30, 2024
Marriott Vacations Q3 2024 Earnings Report
Reported a 5% increase in consolidated vacation ownership contract sales and updated its full-year outlook.
Key Takeaways
Marriott Vacations Worldwide reported a 5% increase in consolidated vacation ownership contract sales to $459 million compared to Q3 2023. The company is also implementing cost efficiency initiatives expected to drive $50 to $100 million in annual savings over the next two years.
Consolidated Vacation Ownership contract sales increased 5% compared to the third quarter of 2023 to $459 million.
Net income attributable to common stockholders was $84 million and fully diluted earnings per share was $2.12.
Adjusted net income attributable to common stockholders was $72 million and adjusted fully diluted earnings per share was $1.80.
Adjusted EBITDA was $198 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
The Company updates its full year 2024 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income