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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
Forward Guidance
The Company updates its full year 2024 guidance.