---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-24-000005"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:51:20.285196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure Q4 net income $129M, adj EPS $1.98; guides FY2024 adj EBITDA $910-930M

## Summary
- Q4 net income $129M ($1.77 diluted EPS) on revenue $935M; adjusted EBITDA $240M, adj. diluted EPS $1.98.
- Full-year 2023: net income $396M ($5.28 diluted EPS) on revenue $3.8B; adjusted EBITDA $908M, adj. diluted EPS $5.70.
- Repurchased $40M of stock in Q4, $307M full-year; $170M remaining authorization.
- Recommend Q1 2024 dividend increase to $0.50/share from $0.45, pending Board approval.
- FY2024 adjusted EBITDA guidance $910-$930M; Q1 2024 guidance $185-$190M.

## SEC filing metadata
- accession: 0001361658-24-000005
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165824000005/0001361658-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165824000005/wyn-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-24-000005
- JSON: https://secwatch.observer/filing/0001361658-24-000005.json
- Plain text: https://secwatch.observer/filing/0001361658-24-000005.txt

## Key facts
- Earnings Releases
  Travel & Leisure Co. reported fourth quarter and full-year 2023 results: revenue net revenue of $935 million (Q4) and $3.8 billion (full year), net income Net income of $129 million (Q4) and $396 million (full year), EPS diluted EPS of $1.77 (Q4) and $5.28 (full year). Guidance initiated.
  - Period: fourth quarter and full-year 2023
  - Revenue: net revenue of $935 million (Q4) and $3.8 billion (full year)
  - Net income: Net income of $129 million (Q4) and $396 million (full year)
  - EPS: diluted EPS of $1.77 (Q4) and $5.28 (full year)
  - Guidance: initiated
  - Result: reported results
  source text: Travel + Leisure Co. Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook ORLANDO, Fla. (February 21, 2024) — Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported fourth quarter and full-year 2023 financial results for the period ended December 31, 2023. Fourth quarter 2023 highlights: • Net income of $129 million (diluted EPS of $1.77) on net revenue of $935 million • Adjusted EBITDA of $240 million and Adjusted diluted EPS of $1.98 (1) • Repurchased $40 million of common stock during the fourth quarter Full-year 2023 highlights : • Net income of $396 million (diluted EPS of $5.28) on net revenue of $3.8 billion • Adjusted EBITDA of $908 million and Adjusted diluted EPS of $5.70 (1) • Net cash provided by operating activities of $350 million and Adjusted free cash flow of $379 million (1) • Repurchased $307 million of common stock during the full-year Outlook: • Full Year 2024 Adjusted EBITDA expected to rang
  evidence_url: https://www.sec.gov/Archives/edgar/data/1361658/000136165824000005/0001361658-24-000005-index.htm

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