---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-23-000128"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:10:47.185790+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure Q1 beats; raises FY2023 adjusted EBITDA guidance to $925-$945M

## Summary
- Net income $64M ($0.81 EPS), revenue $879M (+9% YoY); adjusted EPS $0.89 (+29%).
- Vacation Ownership revenue +12% to $685M, Adj EBITDA $131M (+25%) on higher tours.
- Full year adj EBITDA guidance raised to $925-$945M from $920-$940M; Q2 guided $230-$240M.
- Repurchased 2.5M shares for $102M; recommends $0.45 Q2 dividend.
- Executed $250M term securitization post-quarter at 6.3% weighted average coupon.

## SEC filing metadata
- accession: 0001361658-23-000128
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165823000128/0001361658-23-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165823000128/wyn-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-23-000128
- JSON: https://secwatch.observer/filing/0001361658-23-000128.json
- Plain text: https://secwatch.observer/filing/0001361658-23-000128.txt

## Key facts
- Earnings Releases
  Travel & Leisure Co. reported first quarter 2023 results: net income Net income of $64 million, EPS $0.81 diluted earnings per share. Guidance raised.
  - Period: first quarter 2023
  - Net income: Net income of $64 million
  - EPS: $0.81 diluted earnings per share
  - Guidance: raised
  - Result: reported results
  source text: Travel + Leisure Co. Reports First Quarter 2023 Results and Increases Full Year 2023 Guidance ORLANDO, Fla. (April 26, 2023) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported first quarter 2023 financial results for the three months ended March 31, 2023. Highlights and outlook include: • Net income of $64 million, $0.81 diluted earnings per share, on net revenue of $879 million • Adjusted EBITDA of $184 million and adjusted diluted earnings per share of $0.89 (1) • Increases expected full year adjusted EBITDA guidance to a range of $925 million to $945 million from $920 million to $940 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361658/000136165823000128/0001361658-23-000128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.