earnings
confidence high
sentiment positive
materiality 0.80
Travel + Leisure Q2 net income $100M, adj. EBITDA $230M; FY guidance raised to $860-880M
Travel & Leisure Co.
2022-Q2 EPS reported
$1.75
revenue$1,731,000,000
- Net income $100M ($1.16 diluted EPS); adjusted EPS $1.27 on revenue $922M.
- Record VPG of $3,489 (+11% YoY); Vacation Ownership revenue +22% to $735M.
- Full-year adjusted EBITDA guidance raised to $860-880M; Q3 guided $230-240M.
- Repurchased $83M of stock in Q2; $700M remaining authorization; $0.40/sh dividend recommended.
- Closed $275M term securitization with 5.7% avg coupon on July 21.