Marriott Vacations Q4 2021 Earnings Report
Key Takeaways
Marriott Vacations Worldwide Corporation reported strong Q4 results with contract sales growing 7% sequentially to $406 million, exceeding 2019 levels for the first time since the pandemic started. The company expects 2022 full-year contract sales to be 13% higher than 2019 levels and 2022 Adjusted EBITDA to be 17% above 2019 levels.
Consolidated Vacation Ownership contract sales increased 7% sequentially to $406 million in the fourth quarter of 2021.
Net income attributable to common shareholders was $61 million, or $1.39 per fully diluted earnings per share.
Adjusted net income attributable to common shareholders was $103 million and adjusted fully diluted earnings per share was $2.38.
Adjusted EBITDA increased 6% on a sequential basis to $219 million in the fourth quarter of 2021.
Marriott Vacations
Marriott Vacations
Forward Guidance
The Company is providing guidance for the full year 2022:
Positive Outlook
- Contract sales $1,675 to $1,775 million
- Adjusted EBITDA $860 to $920 million
- Adjusted pretax net income $585 to $645 million
- Adjusted net income attributable to common shareholders $424 to $469 million
- Adjusted fully diluted EPS $8.72 to $9.65