earnings
confidence high
sentiment positive
materiality 0.75
Travel+Leisure Q1 net income $66M ($0.92 EPS); reaffirms FY adjusted EBITDA $910-930M
Travel & Leisure Co.
2024-Q1 EPS reported
$0.92
revenue$916,000,000
- Net income $66M, diluted EPS $0.92; adjusted EPS $0.97; revenue $916M.
- Vacation Ownership rev up 6% to $725M; tours up 15% to 155k; gross VOI sales $490M vs $454M.
- Travel & Membership rev down 4% to $193M but Adj EBITDA up 6% to $75M on cost cuts.
- Reaffirmed FY 2024 adj EBITDA guidance $910-930M; Q2 adj EBITDA expected $235-245M.
- Dividend $0.50/share recommended; repurchased 0.6M shares for $25M in Q1.