secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001361658-23-000204
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TNL Q2 net income $94M, adjusted EPS $1.33; reaffirms FY adjusted EBITDA guidance $925M-$945M
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- Q2 net income $94M ($1.18 diluted EPS) on revenue $949M; adjusted EPS $1.33.
- Adjusted EBITDA $236M; reaffirms FY guidance $925M-$945M, Q3 guidance $245M-$260M.
- Repurchased $100M in Q2 (2.6M shares at ~$38.54); $202M YTD; $275M remaining authorization.
- Vacation Ownership revenue +4% to $768M; adjusted EBITDA flat at $187M.
- Executed $300M term securitization on July 20 with 6.7% weighted avg coupon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165823000204/0001361658-23-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165823000204/wyn-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001361658-23-000204

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