secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001361658-23-000128
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165823000128/0001361658-23-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165823000128/wyn-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001361658-23-000128

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