earnings
confidence high
sentiment positive
materiality 0.70
Travel & Leisure Q2 adj EBITDA $244M; raises FY 2024 guidance to $915-935M
Travel & Leisure Co.
2024-Q2 EPS reported
$2.73
revenue$1,900,000,000
- Net income $129M ($1.36 diluted EPS) on revenue $985M; adjusted diluted EPS $1.52.
- Tours +13% YoY, new owner tours +22%; VPG >$3,000; Vacation Ownership revenue +5% to $807M.
- Full-year adj EBITDA guidance raised to $915-935M (prior $910-930M); Q3 adj EBITDA guided $235-245M.
- Returned $105M to shareholders ($35M dividends, $70M buybacks); board added $0.5B to buyback auth.
- Closed $375M term securitization post-quarter with 5.6% avg coupon; net debt leverage 3.5x.