secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001361658-22-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel + Leisure Q1 net income $51M ($0.59 EPS); adj EBITDA $170M; FY adj EBITDA guide $855M-$875M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000136/0001361658-22-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000136/wyn-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001361658-22-000136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer