earnings
confidence high
sentiment positive
materiality 0.70
Travel + Leisure Q1 net income $51M ($0.59 EPS); adj EBITDA $170M; FY adj EBITDA guide $855M-$875M
Travel & Leisure Co.
2022-Q1 EPS reported
$0.59
revenue$809,000,000
- Q1 revenue $809M; Vacation Ownership revenue $604M (+35% YoY) and adj EBITDA $103M (+56% YoY).
- Adjusted EBITDA $170M, adjusted diluted EPS $0.69; net income $51M ($0.59 diluted EPS).
- Full year 2022 guide: adj EBITDA $855-875M, Gross VOI sales $1.9-2.0B, VPG ~$3,200.
- Board approved $500M increase to share repurchase capacity; Q1 repurchases $45M at ~$56.15/sh.
- Net debt $3.0B; leverage 3.8x; closed $275M term securitization at 3.84% avg coupon.