secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001361658-24-000116
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 net income $66M ($0.92 EPS); reaffirms FY adjusted EBITDA $910-930M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000116/0001361658-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000116/wyn-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001361658-24-000116

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