secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001361658-22-000199
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel + Leisure Q2 net income $100M, adj. EBITDA $230M; FY guidance raised to $860-880M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000199/0001361658-22-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165822000199/wyn-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001361658-22-000199

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